How much do you have in savings?

General discussion, shows, and everything else.

Postby BC » Thu Nov 21, 2013 7:49 pm

People who want to save for a child's college may want to look into opening a Roth IRA instead of a 529. If your kid doesn't go to college, you'll have a nice retirement fund. You can withdraw the principal from the fund(ie what you put into it, but not what grew) with no tax for a child's education. http://www.finaid.org/savings/retirementplans.phtml
BC
 
Posts: 977
Joined: Sun Nov 21, 2004 7:22 pm
Location: Stuck to Gomorrah's Anal Cyst

Postby PiranhaSauna » Thu Nov 21, 2013 7:52 pm

Savings? The fuck is that?
User avatar
PiranhaSauna
doesn't understand the Bill of Rights
 
Posts: 4868
Joined: Sat Jan 26, 2013 8:23 pm

Postby xtimx » Thu Nov 21, 2013 9:20 pm

conradmurray wrote:
boring, overrated poster wrote:
conradmurray wrote:I have a 6,000 dollar investment in a real doll.


$2,000 per hole sounds like a steal to me.

Guys have 3 holes?


Hahahaha.
User avatar
xtimx
bug chaser extraordinaire
 
Posts: 45714
Joined: Thu Apr 29, 2004 4:02 pm
Location: Vinnland

Postby blackhawks#1 » Thu Nov 21, 2013 9:57 pm

Docking is a hole, technically.
User avatar
blackhawks#1
HELL YES
 
Posts: 35703
Joined: Wed Apr 03, 2013 8:39 am
Location: chicago

Postby conradmurray » Thu Nov 21, 2013 10:08 pm

blackhawks#1 wrote:Docking is a hole, technically.

My investment just appreciated in value.
User avatar
conradmurray
 
Posts: 4262
Joined: Wed Oct 05, 2011 5:53 pm
Location: LA county

Postby SOULJA BOY TELL'EM. » Thu Nov 21, 2013 10:37 pm

If I wasn't a man child I would maybe have 1/4 the savings some of you do.
User avatar
SOULJA BOY TELL'EM.
the weather outside is weather
 
Posts: 21629
Joined: Thu Oct 26, 2006 12:50 pm

Postby Karl X Beyond » Thu Nov 21, 2013 10:38 pm

dust and crickets
Karl X Beyond
 
Posts: 2583
Joined: Wed Dec 02, 2009 10:45 pm
Location: Canada

Postby deviancekicksin » Thu Nov 21, 2013 10:48 pm

About $10 in my checking account.
A much more considerable amount in investments, which I don't touch.
User avatar
deviancekicksin
 
Posts: 7548
Joined: Sat Jan 07, 2006 6:21 pm

Postby Adonis » Thu Nov 21, 2013 11:37 pm

none of your goddamn business!
User avatar
Adonis
 
Posts: 2249
Joined: Sat Mar 05, 2011 1:05 pm
Location: Los Angeles

Postby burnthelies » Fri Nov 22, 2013 2:50 am

ooGracie wrote:
xbradicalx wrote:I wish I could get paid my entire yearly salary on jan 1st, then just pay my bills immediately. would make life SO fucking easy.


Until June when you realize you spent it all and have to eat ramen the rest of the year.

My best friend only gets paid once a month, and she is always flat broke from the 10th until the 1st.

Do most 'office' jobs also get paid weekly?
99% of the jobs here give you a monthly wage for the past month. Government pays the wage for the upcoming month (which is crazy I think).


Intrest rates in Belgium are between 0.5 and 2, depending on which bank you join. It's a decent amount of 'free' money. Can't imagine it being between 5-10 a few years ago.
User avatar
burnthelies
 
Posts: 1881
Joined: Thu Jan 13, 2011 4:13 pm

Postby Excursions » Fri Nov 22, 2013 3:50 am

Blew about 13-14k of savings last year being overseas. Now I have nothing in my savings and about 1,500 in my chq.
User avatar
Excursions
 
Posts: 4483
Joined: Mon Jun 13, 2011 1:05 am

Postby dazprospect » Fri Nov 22, 2013 5:08 am

Get paid monthly, maybe have £50 left at the end of the month. Had £400 in savings but got tattooed last week so that's gone. I need to learn to save/have more money coming in.
User avatar
dazprospect
 
Posts: 4728
Joined: Sat Aug 21, 2010 3:26 am
Location: Boston, UK

Postby stupidattempts » Fri Nov 22, 2013 5:16 am

$630 in savings about to get spent on the last of my tuition for winter semester (tuition is cheap here)
$734 in chequings which is not bad considering it's post-car insurance but pre-rent and bills time of month
$400 in credit card debt but some of that is medical shit i'm waiting to get reimbursed for
$35 in an envelope to save for christmas

I'm a 30 year old undergrad not on student assistance. Between tutoring, babysitting, and being a research assistant, i only make about $700 a month. It sucks.
stupidattempts
 
Posts: 478
Joined: Fri Sep 12, 2008 10:19 am
Location: canadian

Postby Alex 2K » Fri Nov 22, 2013 6:17 am

Lol savings
User avatar
Alex 2K
 
Posts: 21753
Joined: Sun May 03, 2009 2:47 am

Postby amyx » Fri Nov 22, 2013 8:59 am

I have approx £100, $80 CAD and £10 USD

I just started a new job so have to wait until the 15th Dec to get paid, also I'm to receive a compensation claim in the next year or 2 which should be a nice amount to go into my savings.
User avatar
amyx
 
Posts: 2326
Joined: Sun Jul 15, 2007 8:06 am
Location: UK.

Postby Tobias Funke » Fri Nov 22, 2013 9:23 am

A lot of these are really interesting to read..

700 checking
700 savings
1500 stocks
400 401k
5k credit line

i really want to save more, but it feels almost impossible.
Tobias Funke
 
Posts: 1705
Joined: Mon Mar 31, 2008 3:04 pm
Location: san diego

Postby ooGracie » Fri Nov 22, 2013 9:42 am

burnthelies wrote:
ooGracie wrote:
xbradicalx wrote:I wish I could get paid my entire yearly salary on jan 1st, then just pay my bills immediately. would make life SO fucking easy.


Until June when you realize you spent it all and have to eat ramen the rest of the year.

My best friend only gets paid once a month, and she is always flat broke from the 10th until the 1st.

Do most 'office' jobs also get paid weekly?
99% of the jobs here give you a monthly wage for the past month. Government pays the wage for the upcoming month (which is crazy I think).


Intrest rates in Belgium are between 0.5 and 2, depending on which bank you join. It's a decent amount of 'free' money. Can't imagine it being between 5-10 a few years ago.


I get paid on the 15th & the last day of every month.
User avatar
ooGracie
made out with Jesse Camp
 
Posts: 17911
Joined: Thu Oct 09, 2008 7:13 pm
Location: Los Angeles, CA

Postby versace pirate » Fri Nov 22, 2013 9:45 am

not getting paid every day sucks. i got shit i needa buy now.
User avatar
versace pirate
 
Posts: 2836
Joined: Sat Apr 27, 2013 12:22 pm

Postby almosthome » Fri Nov 22, 2013 9:50 am

I have about $5000 (savings+chequing-my outstanding credit card bills) :\
User avatar
almosthome
 
Posts: 1365
Joined: Wed Mar 24, 2010 1:35 am
Location: atlantis

Postby born to die » Fri Nov 22, 2013 10:55 am

found out last week that the money in my 401k that my company had been matching me (3% salary) is a certain percent "vested" based how long you worked here. so after 3 years i only get 50% of their donations - you have to work 5 years to get it all. clever girl.
User avatar
born to die
tried to do the right thing
 
Posts: 2786
Joined: Tue Dec 13, 2011 2:21 pm
Location: Boston

Postby xNameHatex » Fri Nov 22, 2013 11:32 am

born to die wrote:found out last week that the money in my 401k that my company had been matching me (3% salary) is a certain percent "vested" based how long you worked here. so after 3 years i only get 50% of their donations - you have to work 5 years to get it all. clever girl.


5 years ain't all that bad compared to a lot of places.
User avatar
xNameHatex
 
Posts: 2405
Joined: Tue Apr 16, 2013 8:49 pm
Location: This is a man's world

Postby EscapedFromTheValley » Fri Nov 22, 2013 11:33 am

xbradicalx wrote:I got an email yesterday from wells fargo explaining federal guidelines on the amount of savings-checking transfers a month.
ugh.

What? I had no idea there were regulations regarding this.
EscapedFromTheValley
 
Posts: 1715
Joined: Thu Jul 17, 2008 9:54 am
Location: southwest of Boston

Postby And Justice for Yall » Fri Nov 22, 2013 11:37 am

xbradicalx wrote:
EscapedFromTheValley wrote:
xbradicalx wrote:I got an email yesterday from wells fargo explaining federal guidelines on the amount of savings-checking transfers a month.
ugh.

What? I had no idea there were regulations regarding this.


i dunno if its just limited to wells fargo but
https://www.wellsfargo.com/jump/savings/limit


I got hit with the same shit a few months back. I had no clue and was casually transferring between checking and savings like it was my job. Have stopped since then. This is with TD Bank.
Last edited by And Justice for Yall on Fri Nov 22, 2013 11:37 am, edited 1 time in total.
User avatar
And Justice for Yall
 
Posts: 4640
Joined: Fri Jul 31, 2009 7:43 am
Location: JC/NYC/BKLYN

Postby EscapedFromTheValley » Fri Nov 22, 2013 11:37 am

It's not just WF. I just looked it up and it's a Federal regulation. Regulation D only allows for 6 withdrawals a month from a savings account. I NEVER knew this!
Last edited by EscapedFromTheValley on Fri Nov 22, 2013 11:38 am, edited 1 time in total.
EscapedFromTheValley
 
Posts: 1715
Joined: Thu Jul 17, 2008 9:54 am
Location: southwest of Boston

Postby EscapedFromTheValley » Fri Nov 22, 2013 11:38 am

Especially considering how little interest is paid on savings accounts. This regulation sounds ludicrous.
EscapedFromTheValley
 
Posts: 1715
Joined: Thu Jul 17, 2008 9:54 am
Location: southwest of Boston

Postby Boner In Sweatpants » Fri Nov 22, 2013 11:40 am

one of my credit unions has apr of 1.9% and thats the best in this whole area.
User avatar
Boner In Sweatpants
Eisley Superfan
 
Posts: 43985
Joined: Sun Oct 15, 2006 1:26 pm
Location: Westlake Village, CA

Postby EscapedFromTheValley » Fri Nov 22, 2013 11:44 am

Boner In Sweatpants wrote:one of my credit unions has apr of 1.9% and thats the best in this whole area.

That's INCREDIBLE for a savings account. ING (now Capital One) used to be good but has sunk to .75%.

Reading more on Regulation D and my mind is BLOWN. Apparently the 6-transaction limit is only for electronic transfers, check, debit card and a few other forms of withdrawal; BUT does not include ATM, in-person or by mail transactions which there is no limit to. What is the point?
EscapedFromTheValley
 
Posts: 1715
Joined: Thu Jul 17, 2008 9:54 am
Location: southwest of Boston

Postby xNameHatex » Fri Nov 22, 2013 12:11 pm

Don't mean to be Doctor Serious in here, but the reason banks offer slightly higher interest rates on savings account is because they operate under the assumption that the money is going to sit there for a little while.
User avatar
xNameHatex
 
Posts: 2405
Joined: Tue Apr 16, 2013 8:49 pm
Location: This is a man's world

Postby Adonis » Fri Nov 22, 2013 12:13 pm

xNameHatex wrote:Don't mean to be Doctor Serious in here, but the reason banks offer slightly higher interest rates on savings account is because they operate under the assumption that the money is going to sit there for a little while.


exactly, the 6 withdrawals a month from savings is basically to prevent people using the higher interest savings accounts as a checking account, which you would do if you could withdraw from it like a checking account.
User avatar
Adonis
 
Posts: 2249
Joined: Sat Mar 05, 2011 1:05 pm
Location: Los Angeles

Postby Boner In Sweatpants » Fri Nov 22, 2013 12:13 pm

EscapedFromTheValley wrote:
Boner In Sweatpants wrote:one of my credit unions has apr of 1.9% and thats the best in this whole area.

That's INCREDIBLE for a savings account. ING (now Capital One) used to be good but has sunk to .75%.

Reading more on Regulation D and my mind is BLOWN. Apparently the 6-transaction limit is only for electronic transfers, check, debit card and a few other forms of withdrawal; BUT does not include ATM, in-person or by mail transactions which there is no limit to. What is the point?


should have prefaced this was a checkign account and not savings account lol. but the catch is that every month i need to do at least 10 debit transactions of any amount plus 1 bill pay from an utility company
User avatar
Boner In Sweatpants
Eisley Superfan
 
Posts: 43985
Joined: Sun Oct 15, 2006 1:26 pm
Location: Westlake Village, CA

Postby EscapedFromTheValley » Fri Nov 22, 2013 12:29 pm

xNameHatex wrote:Don't mean to be Doctor Serious in here, but the reason banks offer slightly higher interest rates on savings account is because they operate under the assumption that the money is going to sit there for a little while.

But the average savings account interest rate in the US right now is .21%... That's shit considering the same institutions lend at average rates of 4% for mortgages and auto loans, and 8-10% for business loans. If the argument is (as I understand it) that Regulation D exists so that banks can actively use 100% of the funds in your savings account for their own lending purposes, I think the least that could happen would be a decent return on that usage.
EscapedFromTheValley
 
Posts: 1715
Joined: Thu Jul 17, 2008 9:54 am
Location: southwest of Boston

Postby MotivationalMike » Fri Nov 22, 2013 12:41 pm

I have my money deposited in the Mike's Sock Drawer Financial. Interest rates suck.
User avatar
MotivationalMike
 
Posts: 3251
Joined: Wed Dec 14, 2011 3:22 pm
Location: Reading Area, PA

Postby xNameHatex » Fri Nov 22, 2013 12:56 pm

EscapedFromTheValley wrote:
xNameHatex wrote:Don't mean to be Doctor Serious in here, but the reason banks offer slightly higher interest rates on savings account is because they operate under the assumption that the money is going to sit there for a little while.

But the average savings account interest rate in the US right now is .21%... That's shit considering the same institutions lend at average rates of 4% for mortgages and auto loans, and 8-10% for business loans. If the argument is (as I understand it) that Regulation D exists so that banks can actively use 100% of the funds in your savings account for their own lending purposes, I think the least that could happen would be a decent return on that usage.


Yeah, that is why I used the word "slightly", I guess I should have said "ever so slightly." I was speaking more from a historical perspective than this Ben Bernanke 0% era we are currently living in.
User avatar
xNameHatex
 
Posts: 2405
Joined: Tue Apr 16, 2013 8:49 pm
Location: This is a man's world

Postby Guybrush Threepwood » Fri Nov 22, 2013 6:05 pm

I've got a lot socked away, mainly because I was saving up for a house. But since prices are absurd I won't be buying anytime soon. Trouble is, it's kind of nice having those numbers and I don't want to lock it all up for a fixed term, and the other side of the coin is that the stock market scares me. I will have to do SOMETHING though. Earning 2% on cash is moronic.
User avatar
Guybrush Threepwood
I'm selling these fine leather jackets
 
Posts: 9002
Joined: Thu Oct 26, 2006 12:02 am
Location: Winnipeg

Postby PoorBoyMinorKey » Fri Nov 22, 2013 6:08 pm

Jeremey wrote:Just above $50K in savings.

PoorBoyMinorKey
 
Posts: 2111
Joined: Fri Jan 29, 2010 12:18 pm
Location: Boston

Postby Lil Meatsauce » Fri Nov 22, 2013 6:11 pm

35k in savings
10k in checking
5k in case shit happens hidden cash
401k I haven't checked in some time
User avatar
Lil Meatsauce
 
Posts: 17181
Joined: Sun Jul 25, 2004 4:35 pm
Location: Los Angeles

Postby Excursions » Sat Nov 23, 2013 12:56 am

some of you people are loaded
User avatar
Excursions
 
Posts: 4483
Joined: Mon Jun 13, 2011 1:05 am

Postby conradmurray » Sat Nov 23, 2013 3:52 pm

Excursions wrote:some of you people are loaded

we are the 1%
User avatar
conradmurray
 
Posts: 4262
Joined: Wed Oct 05, 2011 5:53 pm
Location: LA county

Postby ritchiecore » Sat Nov 23, 2013 4:11 pm

£30,000+ in ISAs and savings accounts
A grand+ in my current account
Probably double that in the wife's current account
ritchiecore
 
Posts: 1144
Joined: Sun Feb 22, 2009 6:01 pm
Location: Tyneside

Postby ab0mination » Sat Nov 23, 2013 5:40 pm

$30k in checking (high because wife doesn't work & i'm about to leave my job to freelance)
$5.5k in ira (just started this year)
$10.7k in 401k (just started this year, rolling it into the ira beginning of jan)

the interest difference between 'high yield' savings accounts & checking accounts is negligible. you can do more for your finances by going out to eat like 3x less per year.

attn everyone with more then 3 months expenses in the bank: start an ira. roth if you don't earn much, traditional if you do.
Last edited by ab0mination on Tue Nov 26, 2013 9:28 am, edited 1 time in total.
ab0mination
 
Posts: 63
Joined: Sat Nov 23, 2013 5:39 pm

Postby behindthescenester » Sat Nov 23, 2013 6:45 pm

behindthescenester
 
Posts: 1650
Joined: Thu Mar 10, 2005 6:30 pm
Location: Wind, fire, all that kind of thing

Postby ab0mination » Tue Nov 26, 2013 10:00 am

just posted a net worth thread & it got deleted. not punk rock enough.
ab0mination
 
Posts: 63
Joined: Sat Nov 23, 2013 5:39 pm

Postby ab0mination » Thu Dec 07, 2017 3:10 am

:smt045
ab0mination
 
Posts: 63
Joined: Sat Nov 23, 2013 5:39 pm

Postby blackhawks#1 » Thu Dec 07, 2017 11:26 am

ab0mination wrote::smt045

so did your wife ever get a job or nah? how's that freelancing going
User avatar
blackhawks#1
HELL YES
 
Posts: 35703
Joined: Wed Apr 03, 2013 8:39 am
Location: chicago

Postby creativexcover » Thu Dec 07, 2017 11:38 am

I'm using a free pizza thing for lunch today. I have like $7 in my pocket
User avatar
creativexcover
 
Posts: 9451
Joined: Tue Mar 19, 2013 11:39 am
Location: NH / MA border

Postby ab0mination » Thu Dec 07, 2017 6:19 pm

blackhawks#1 wrote:
ab0mination wrote::smt045

so did your wife ever get a job or nah? how's that freelancing going


Nah, she doesn't work.

Freelancing is going well, but I never ended up going freelance-only as I'd planned. A few months later I did accept a full-time job offer from my main client at the time.

You still have "A lot"?
ab0mination
 
Posts: 63
Joined: Sat Nov 23, 2013 5:39 pm

Postby Sorley Boy » Thu Dec 07, 2017 7:04 pm

Enough that I feel fortunate, not enough that I don't feel like a boy toy when I look at my girlfriend's.
User avatar
Sorley Boy
 
Posts: 8901
Joined: Fri Dec 12, 2008 7:01 pm

Postby blackhawks#1 » Thu Dec 07, 2017 7:10 pm

ab0mination wrote:
blackhawks#1 wrote:
ab0mination wrote::smt045

so did your wife ever get a job or nah? how's that freelancing going


Nah, she doesn't work.

Freelancing is going well, but I never ended up going freelance-only as I'd planned. A few months later I did accept a full-time job offer from my main client at the time.

You still have "A lot"?

I do. ;)
User avatar
blackhawks#1
HELL YES
 
Posts: 35703
Joined: Wed Apr 03, 2013 8:39 am
Location: chicago

Postby ab0mination » Thu Dec 07, 2017 7:15 pm

Proud of you.
ab0mination
 
Posts: 63
Joined: Sat Nov 23, 2013 5:39 pm

Postby HOTDOGS_COMINURWAY » Thu Dec 07, 2017 7:21 pm

had about 20 bucks in savings but i put it all into something more reliable and now im rich.











Spoiler: show
it was bitcoin
User avatar
HOTDOGS_COMINURWAY
 
Posts: 2463
Joined: Sun Jan 25, 2015 5:43 pm

PreviousNext


Who is online

Users browsing this forum: airman, Bing [Bot], blackapache, Bob Loblaw, Fester, futureworldcitizen, henners, JareDestroyer, jefe, Lil Meatsauce, markus aurelius, MattAttack, memoryfailure, Metalfaced_DOOM, Nick CO, PetroBPettson, righteous jad, Sarahohio, Sernogath, the sandcub, Waste of Space, xblahblahblahx, xcpmx, xRuffianx and 66 guests