How much do you keep in your checking account? Do you have a separate emergency fund account or combine the two and just know to not take out "x" amount of money in your checking account?

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I only keep about $500 in checking at any given time and then $10k in savings typically. Paycheck goes to savings and I transfer $ into check once per month for bills. Everything else is invested and if everything goes to hell, I would use my investments/Roth IRA contributions for any emergency above $10k.

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I have $20k in my checking at the moment, zero in savings and very little in my 401k. I'm contributing up to my match, but I feel the valuations in the market are still frothy and I want to move it in when it bottoms out.

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I have .10cents in my checking

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You're an inspiration

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I'm guessing most ppl have parents or SO to help out cuz my ass only has one rule: $1000 minimum in checking at all time. I have no savings account but ~$21,000 in credit. 24 and single

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What levels are you people? 😳

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Household income of $200,000 per year and I live paycheck to paycheck with maybe $30,000 in retirement.

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Only have $10k liquid everything else is invested in offshore accounts

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Hi PwC3👀

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How do people save money like this in your 20's? Do you like in low COL areas or did you come from a well off family? Did you live at home while you worked for a few years? Genuinely don't get it. My fiancé and I gross $120k and barely make ends meet each month with mortgage, bills, student loans, transportation, and living expenses.

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So you eat a few PB&Js, eat more beans, what's the big deal? Get a Costco membership and make your own lunch. Live within your means, no one in PA/finance should be living paycheck to paycheck.

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I started listening to Dave Ramsey. I kinda don't like him but love him at the same time. He said things that are harsh but he saved my ass. One of the best lessons in live ive learned are from him

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I think the point is that as long as you have debt, you have seriously impaired flexibility in the rest of your life. You can't just quit the job you hate, you can't move around, etc. The fact that America is credit-heavy is not an endorsement of its wisdom, it simply shows objectively poor preferences. If you put debt to work for you in a way that gives you a higher ROI than paying cash, that's appropriate - if you put it to work because you can't build a budget, well....

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I keep my emergency fund in a "high interest" savings account. Only about a grand in checking for bills and spending money.

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.10 cents checking (seriously lol), 0 balance on all credit cards, 9k total savings, 4K 401k, and $300IRA (23 still trying to figure out life)

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Damn...ease the credit card and start paying off your debt

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All in checking. Who has a savings account?

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AA1: I think a lot of people have lived at home for the first few years and then lived in low CoL without student loans. If you end up with baseline expenses of $1700 a month (250 food, 750 rent, 200 for gas/insurance, 500 for random shit), that's roughly $20k in post-tax spending. With a job paying $70k (like many S1s) and a 30% ETR, that's roughly $50k post-tax - meaning you've got $30k to piss away or save.

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Update: my husband says we don't have savings bc I like to spend too much 😋

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$2k to $3k in checking
$10k emergency fund
$10k in my INEEDAPOOL fund
$30k taxable investments
$90k 401k
$16k HSA
House with about 60k equity

#Adulting

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