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Because Im nosy.

Anonymous
Posted by Anonymous
  • 8 Replies

What would you consider average as far as savings go? 

We are 31 & 30 with 2 kids. 

Posted by Anonymous on Mar. 16, 2015 at 5:19 PM
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Replies (1-8):
DisabledVet
by Ruby Member on Mar. 16, 2015 at 5:21 PM

Depends on your income and life style. You should have 6 months of income in the bank for a rainy day.

Raeann11
by Emerald Member on Mar. 16, 2015 at 5:23 PM
It's going to be different for everyone. You should have enough for six for just in case.
PickYourPoison
by on Mar. 16, 2015 at 5:24 PM
We don't...
momma2mms
by Kristin on Mar. 16, 2015 at 5:26 PM
I'll be 34 tomorrow and he'll be 33 in June. We have enough to live comfortably for about 2 years. That's just cash savings. Not investments.
Msmom1104
by Silver Member on Mar. 16, 2015 at 5:26 PM
I would say about 20-25k? I'm not sure. All I know is that we don't have that much saved. 😩
Arwyn724
by on Mar. 16, 2015 at 5:26 PM

A savings account with 6 months salary, just in case.  Two college accounts, and a separate IRA, that will support both you and your husband.

Anonymous
by Anonymous 2 on Mar. 16, 2015 at 5:28 PM
The actual average is pretty low, but I would consider a year's salary in personal savings to be comfortable. You should also have more than a year's salary in your retirement accounts by your 30th birthday.
And you should be saving for each of the children.
We put about 40% of my husband's check into various savings accounts every pay day.
Danesmommy1
by Grammar Enthusiast on Mar. 16, 2015 at 5:30 PM
We have a little over a years worth of expenses in a saving account. We have other funds we could tap into if we had to as well.
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