Not as much as I want.
you speak the truth.ViralAg said:tandy miller said:HC said:
I don't have a spouse, but right now I'm stashing away about 23k/month. I hope to up that to 60k/month in the next 2 years.
So you're saving ~$275k/yr?
He's lying.
This. I read that the average American family doesn't have enough savings to cover an unexpected $2k emergency. Paycheck to paycheck is how most people live here, regardless of income level. Plenty of people out there making good money that don't save a penny to go along with the ones that don't have much to begin with.toolshed said:
The average American family probably doesn't have $1000 in savings, period!
AustinCountyAg said:
My wife tells me I'm a tight wad, but I see friends who I know save little to anything monthly.... I tell her the average American family prolly saves 1k a month?
Average texags family save 8k?
JayAggie said:
$100-$1000 I got a bunch of kids so not a lot left to play around with.
hypeiv said:
~20% of income into short term savings, 401k, RothIRA and HSA
Can you adopt me?ViralAg said:
We save about $8k a month in cash. That's after 401ks, Roth IRAs, etc.
Bayside Tiger Ag said:
I have some friends with law degrees and they are poor as ****
He's lyingbrotheraggie said:Can you adopt me?ViralAg said:
We save about $8k a month in cash. That's after 401ks, Roth IRAs, etc.
Rusty GCS said:
Why are so many of you stashing away so much cash while paying interest on loans?
Get a solid 3 months pay in savings, pay at least into your 401k to max out company match, and then pay off that debt (mortgage, cars, student loans, etc)
UndergroundAg said:Bayside Tiger Ag said:
I have some friends with law degrees and they are poor as ****
This. I know several still living at home who can only hope for a government job or have very unsteady work. One of them just moved out of mom's basement. T&P for these folk.
You are looking at short term. Long term in a down economy (like one that gives SUV 3% mortgage rates ) you may lose now, but 401k and other investments are just at sale pricing.jake2011 said:DRE06 said:Rusty GCS said:
Why are so many of you stashing away so much cash while paying interest on loans?
Get a solid 3 months pay in savings, pay at least into your 401k to max out company match, and then pay off that debt (mortgage, cars, student loans, etc)
It makes zero sense to pay off a sub 3% mortgage or sub 2% car loan when you choose to put that money in the market instead.
No it doesn't. Paying off debt is a guaranteed return. No returns in the market are guaranteed and can be negative.
jake2011 said:DRE06 said:Rusty GCS said:
Why are so many of you stashing away so much cash while paying interest on loans?
Get a solid 3 months pay in savings, pay at least into your 401k to max out company match, and then pay off that debt (mortgage, cars, student loans, etc)
It makes zero sense to pay off a sub 3% mortgage or sub 2% car loan when you choose to put that money in the market instead.
No it doesn't. Paying off debt is a guaranteed return. No returns in the market are guaranteed and can be negative.