How bad at savings are you?

My checking account is my savings account. I'm cheap as hell, so it really helps :lol:
 
i took a second job to have a savings account and pay off bills but w less hrs now it's back to square one
 
Kinda skimmed through the article but i wonder if they're making a distinction between cash people have saved and money people have in money market accounts, like a 401k, roth etc. I save about 15-20% of my check...but once I get to about 15k-20k in the bank, i'm gonna keeping most of my "savings" in my 401k. Depending on your life style/spending habits it really doesn't make sense to have lump sums of money sitting in the bank collectiong .01% interest.
 
Kinda skimmed through the article but i wonder if they're making a distinction between cash people have saved and money people have in money market accounts, like a 401k, roth etc. I save about 15-20% of my check...but once I get to about 15k-20k in the bank, i'm gonna keeping most of my "savings" in my 401k. Depending on your life style/spending habits it really doesn't make sense to have lump sums of money sitting in the bank collectiong .01% interest.
I personally consider retirement accounts as savings. They're designed to prevent you from touching the money until you're of age which is really the point of saving
 
I don't make enough money to save :smh:

I work part time and right now it feels like my whole paycheck goes right into my gas tank. I'm definitely gonna start soon though. Also need to finally get a credit card
 
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Let's not talk about this
Got a cat feeling worse than a virgin playing "never have I ever"


I blame rent prices and student loans

:rofl: :rofl:


Kinda skimmed through the article but i wonder if they're making a distinction between cash people have saved and money people have in money market accounts, like a 401k, roth etc. I save about 15-20% of my check...but once I get to about 15k-20k in the bank, i'm gonna keeping most of my "savings" in my 401k. Depending on your life style/spending habits it really doesn't make sense to have lump sums of money sitting in the bank collectiong .01% interest.
I personally consider retirement accounts as savings. They're designed to prevent you from touching the money until you're of age which is really the point of saving

I'd say having large sums of money at your disposal is very important. If times get slow and there's no work, you gotta have cash ready to survive for at least a year. I personally know electricians who had to draw unemployment here in the Bay Area for 18-24 months during the recession. Some of my brothers lost everything they had.

If you talk to a lot of the old timers they'll tell you cash is the most important thing because it gives you freedom. Don't like a job your on for whatever reason? Ask for a layoff. If you have cash you don't have to worry about a job ending. When times get slow (not recession level slow) you take a vacation and collect unemployment while doing so.
 
I'm good at saving money. Only to blow it instantly. Trying to buy a long travel kit for my truck. Gonna cost me about 7 grand. But still not gonna be complete.
 
DECENT WHEN I WANT SOMETHING.. USUALLY ENOUGH FOR A VACATION… IMPECCABLE IF I DIDNT HAVE TO PAY BACK THESE ANNOYING ***** STUDENT LOANS
 
Probably won't make sense, but I'm terrible at saving money, I would buy anything if I had the chance.

What keeps my bank account stacked is me being cheap :lol:
 
I keep 10K in one account that is emergency money. I still am trying to save 1K a month regularly but **** comes up and I def shop too much.

I have a separate account that I put money from one of my tenants, that one is on the rise now too
 
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