What Balance do you have in your Checking Account Right Now

Anton

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That's not really that much money. I probably have about $35K in liquid cash between all bank accounts. That's barely enough for a down payment on a house around here and with 20% down it would wipe me out. I been saving almost $1000 a month every month for a couple years.

I haven't managed my money well at all. At age 39 I should have alot more but I was dumb.
You need at least $100k in liquid cash to be considered "comfortably poor" anything less than that you get cancer or lose your job, and you'd be fukked.

Screenshot-2021-10-11-103515.png
 

BigMoneyGrip

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:russ:

Trying to impress and you just sound stupid. What kind of idiot has 48k in a bank account.

50k in a damn savings account? :rudy:

Anyway....

Checking $526.66
Savings $15,074.89

Only reason I even keep that much in there is because I need to keep my chase accounts free. Those fees a bytch.

Sent from my Galaxy Nexus using Tapatalk 2

I don’t get it what’s wrong with having 50k in a savings account? :jbhmm:
 

Serious

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I don’t get it what’s wrong with having 50k in a savings account? :jbhmm:
Typically savings rates are trash, so it’s better to put your money to work in a brokerage account, after 3-6 months worth of expenses is covered.

Basically depreciation
 

Shadow King

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You need at least $100k in liquid cash to be considered "comfortably poor" anything less than that you get cancer or lose your job, and you'd be fukked.

Screenshot-2021-10-11-103515.png
Don't understand how "rich" is about "wealthy"

Edit: Above* wealthy
 
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BigMoneyGrip

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Typically savings rates are trash, so it’s better to put your money to work in a brokerage account, after 3-6 months worth of expenses is covered.

Basically depreciation
I get that but most people with 50k in a savings usually have 100k plus in a brokerage account… I would say the vast majority of folk..
 

Lord_nikon

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That's not really that much money. I probably have about $35K in liquid cash between all bank accounts. That's barely enough for a down payment on a house around here and with 20% down it would wipe me out. I been saving almost $1000 a month every month for a couple years.

I haven't managed my money well at all. At age 39 I should have alot more but I was dumb.

i'm about to buy a house as soon as I find one I like,, there is no way in hell I would give the bank 20% just for a $200 or $300 reductions in payments, especially a first time home buys or someone with a no home equity''

Keep yo 35K!


then these house are over priced as shyt,,, the chances of a underwater mortgage will be high as fukk.
 

winb83

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You need at least $100k in liquid cash to be considered "comfortably poor" anything less than that you get cancer or lose your job, and you'd be fukked.

Screenshot-2021-10-11-103515.png
Probably under 15% of the households in this country have $100k in liquid cash available. If you count all my normal non-retirement investment accounts I have over $100K but stuff sitting in a bank account hell nah.
 
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