What's a good amount of money to have save away for a rainy day?

Discussion in 'The Locker Room' started by Dreamzeedream, Dec 6, 2018.

  1. Dreamzeedream

    Dreamzeedream Banned

    Joined:
    Dec 9, 2012
    Messages:
    12,122
    Daps Received:
    15,194
    Reppin:
    NULL
    Reputation:
    -1,150
    Coli Cash:
    $345052.00

    Aka during a struggle or emergency


    I was thinking 10,000$ to 20,000$
     
    NeilCartwright dapped this.
  2. rayswiftbeats

    rayswiftbeats Superstar

    Joined:
    Dec 15, 2015
    Messages:
    3,212
    Daps Received:
    15,814
    Reppin:
    Cali
    Reputation:
    1,000
    Coli Cash:
    $100500.00

    6 months to a year advance of your rent, utilities and other various bills/expenses.
     
  3. Dreamzeedream

    Dreamzeedream Banned

    Joined:
    Dec 9, 2012
    Messages:
    12,122
    Daps Received:
    15,194
    Reppin:
    NULL
    Reputation:
    -1,150
    Coli Cash:
    $345052.00

    That's almost 10 racks depending on how luck your rent/Bill's is
     
    TreeElecHuggica dapped this.
  4. rayswiftbeats

    rayswiftbeats Superstar

    Joined:
    Dec 15, 2015
    Messages:
    3,212
    Daps Received:
    15,814
    Reppin:
    Cali
    Reputation:
    1,000
    Coli Cash:
    $100500.00

    I don't know your situation but do ya math muthafukka

    :russ:
     
  5. Reece

    Reece Superstar Supporter

    Joined:
    Feb 8, 2015
    Messages:
    5,055
    Daps Received:
    25,315
    Reputation:
    1,190
    Coli Cash:
    $225500.00

    $250,000 bare minimum, really $500,000 to be honest

    Broke nikkas shouldn’t even be allowed to sign up here, bringing all that negative broke nikka energy :hhh:
     
  6. ab.aspectus

    ab.aspectus Superstar

    Joined:
    Feb 21, 2015
    Messages:
    4,409
    Daps Received:
    16,613
    Reppin:
    Third Coast
    Reputation:
    1,790
    Coli Cash:
    $225500.00

    i like to say 3-6 months of income (not just rent and expenses). Obviously that amount is dependent on uiuthe situation.
     
    phcitywarrior, Dray5K, Weaver31 and 2 others dapped this.
  7. Uitomy

    Uitomy All Star

    Joined:
    Nov 17, 2016
    Messages:
    3,774
    Daps Received:
    12,035
    Reppin:
    Anxiety attacks and sugar cookies
    Reputation:
    510
    Coli Cash:
    $739.05

    Anywhere from 3k to about 10k

    Since I’m going to live in Florida again once I have at least 5k personally I’ll be Gucci but I’m aiming for 10k myself


    I feel like TI in ATL the way I’m saving paper
     
  8. BobbyBooshay

    BobbyBooshay Marshal BraveStarr

    Joined:
    Sep 26, 2013
    Messages:
    6,532
    Daps Received:
    11,748
    Reppin:
    print("London, UK")
    Reputation:
    770
    Coli Cash:
    $312212.00

    I like to keep a buffer of 3 months at least, been like that for years. As a I am a contractor there is always a chance the right role does not come about, so I like to know I have good fair amount put away.
     
    Dray5K, Silkk, Hoodoo Child and 3 others dapped this.
  9. GigoloGeoff

    GigoloGeoff Superstar

    Joined:
    Dec 19, 2017
    Messages:
    3,192
    Daps Received:
    16,373
    Reputation:
    630
    Coli Cash:
    $500.00

    At least 3 months worth of living expenses, but a year is ideal.
     
    Dray5K, RubioTheCruel, Weaver31 and 2 others dapped this.
  10. Dreamzeedream

    Dreamzeedream Banned

    Joined:
    Dec 9, 2012
    Messages:
    12,122
    Daps Received:
    15,194
    Reppin:
    NULL
    Reputation:
    -1,150
    Coli Cash:
    $345052.00

    I did. It came to be over 7,000 that's six months of rent
     
  11. Dreamzeedream

    Dreamzeedream Banned

    Joined:
    Dec 9, 2012
    Messages:
    12,122
    Daps Received:
    15,194
    Reppin:
    NULL
    Reputation:
    -1,150
    Coli Cash:
    $345052.00

    nikkas ain't got 250-500k put up bro
     
    THUG LiFE dapped this.
  12. Dreamzeedream

    Dreamzeedream Banned

    Joined:
    Dec 9, 2012
    Messages:
    12,122
    Daps Received:
    15,194
    Reppin:
    NULL
    Reputation:
    -1,150
    Coli Cash:
    $345052.00

    Thats smart thinking ahead
     
    Last edited: Dec 6, 2018
    NeilCartwright, Dray5K, FlimFlam and 3 others dapped this.
  13. Heafcliffe

    Heafcliffe Hope there's puddin' in the clink...

    Joined:
    May 18, 2012
    Messages:
    9,765
    Daps Received:
    29,665
    Reppin:
    Districto de Columbia
    Reputation:
    1,980
    Coli Cash:
    $345000.00

    Thinking on the $20k to 25k side myself.

    Stays raining in today's climate. Gotta prepare.:wow:
     
    Last edited: Dec 6, 2018
    Hoodoo Child and Dreamzeedream dapped this.
  14. Skooby

    Skooby Alone In My Zone Supporter

    Joined:
    Sep 30, 2012
    Messages:
    14,952
    Daps Received:
    32,699
    Reppin:
    The Cosmos
    Reputation:
    7,630
    Coli Cash:
    $23045077943.33

    It depends on your situation.

    An emergency fund is suppose to protect yourself from job loss. I'm a permanent government employee so there is almost zero chance I'll ever get fired.

    And since I rent, my emergency fund is really just for car repairs. If you have a house then add home repairs to that.
     
  15. R=G

    R=G Street Terrorist Hall of Shame Supporter

    Joined:
    May 1, 2012
    Messages:
    87,553
    Daps Received:
    94,736
    Reppin:
    Westcoast
    Reputation:
    6,150
    Coli Cash:
    $445127.00

    4 months of extra income should be alright unless you're just a irresponsible stupid b*stard.
     
    Skooby dapped this.

Share This Page

  1. This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
    By continuing to use this site, you are consenting to our use of cookies.
    Dismiss Notice