How much money do you need in your savings to feel comfortable?
- Thread starter M617
- Start date
Good looks on that, breh. I hope to be done with law school in the next 4/5 years and hopefully the market is better for lawyers when I graduate. Hopefully I'm making enough bread where I have atleast 10K in my savings within a few years of graduating
OC's finest
All Star
ive heard a good rule of thumb (at the minimum of course) is 3 months of all expenses.
so if your rent is 1000, and cost of livings is like 500, and bills combined is like another 500, at least like 6 gz for that situation.
so if your rent is 1000, and cost of livings is like 500, and bills combined is like another 500, at least like 6 gz for that situation.
nothing as of right now. But ive been focusing on paying off all my debt. ive got about $8,000 in total debt. $7,000 on my car and $1,000 on a credit card. CC will be paid off soon though
i have zero in mine
But once I get a new job, my goal is 30k by 24.
say what? if ur rent is 1000, ur cost of living is like 500? nah man.
if ur rent is 1000, add another 400 on that for utilities/cable/electric.
so to feel comfortable in the event of a job loss, u need this:
1000 + 400 = 1400 = 1400 * 12 = 10800
Sierra Mist
Banned
Around 70k.
Zero. I went to a CUNY school in NYC, so I don't have student loans.I don't have a car, I'm single, and I still live with my folks. My credit is immaculate and I save 90 percent of my weekly income.
In other words I'm stacking up my paper.Zero. I went to a CUNY school in NYC, so I don't have student loans.I don't have a car, I'm single, and I still live with my folks. My credit is immaculate and I save 90 percent of my weekly income.
nice!!!
chopchop702
Pro
A year's worth of living expenses would make me comfy. Whatever that number may be for you. So if your laid off or fired, your not panicking like crazy and you can think before your next move.