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Do you actually SAVE money?

As in, put it in a savings account or 401k or some other savings type account?

Answer Question

Asked by BaileysMom476 at 10:42 AM on Jun. 8, 2011 in Money & Work

Level 20 (9,613 Credits)
Answers (23)
  • Yes

    Answer by pookiekins34 at 10:44 AM on Jun. 8, 2011

  • We put any extra into a savings account. I have thought about putting it into a long term retirement account, but my husband's work is so unpredictable, I need to be able to access it if I have to. I try to keep about 6 months of living expenses in savings, and then put an extra $1,500 a month toward our mortgage to get the house paid off faster.

    Answer by JulieJacobKyle at 10:44 AM on Jun. 8, 2011

  • Nope, except the work pension. I am a check to checker myself....gotta love the economy!

    Answer by Dahis at 10:44 AM on Jun. 8, 2011

  • I have a decent amount of money in my savings account from my father's life insurance, pension, 401k, etc. I put $150 of my VA money in there each month and $150 of my husband's pay in there. When I was working, I put $200 of my paycheck in there. I don't know what I am going to do with yet but I haven't been tempted to go on a mass spending spree either. I'll just keep saving.

    Answer by Izsarejman at 10:45 AM on Jun. 8, 2011

  • Not a dime.

    Answer by meooma at 10:47 AM on Jun. 8, 2011

  • We put a few hundred a month into retirement.

    Answer by Melbornj at 10:48 AM on Jun. 8, 2011

  • We both have a 401k plan, and education fund which $15 a week comes from my account and my friend just did a budget plan for us that I will put in to affect in August then we can finally add to our savings instead of taking from it lately.

    Answer by maxsmom11807 at 10:49 AM on Jun. 8, 2011

  • Yes we are putting money every month into a health saving account (to pay for our medical bills, what isn't used rolls over, and when my husband is 65 any money in there can be put into a IRA). We also put money every month into my husband's 401K. We also put money into a savings account every month. Between ALL 3 accounts about 10K of the $48K my husband makes goes into savings. That $48K is before taxes. Net is more like $35K so we are living on $25K after taxes and savings. As soon as more of our debt is paid off we will be putting even MORE into savings. I'm a SAHM of 2; so my husband checks is all that we receive and we pay for everything we do and have out of OUR pockets!!! I work with a VERY TIGHT budget so that we have money to put away and save, etc. On top of this we always have at least $1,000 in our checking account for emergencies.--budget, budget, budget!!!

    Answer by Anonymous at 11:02 AM on Jun. 8, 2011

  • Yes.

    Answer by michiganmom116 at 11:09 AM on Jun. 8, 2011

  • $$ goes automatically into my 401K from my paychecks, so I don't even notice it anymore. and a small % of my check goes into a savings account, that we don't touch, until Christmas. But actually savings, no, I need mostly every penny that comes in.

    Answer by Bubbie0809 at 11:17 AM on Jun. 8, 2011

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