New York Nesties
MrsDe2008
member
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Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
Our tech team has launched updates to The Nest today. As a result of these updates, members of the Nest Community will need to change their password in order to continue participating in the community. In addition, The Nest community member's avatars will be replaced with generic default avatars. If you wish to revert to your original avatar, you will need to re-upload it via The Nest.
If you have questions about this, please email help@theknot.com.
Thank you.
Note: This only affects The Nest's community members and will not affect members on The Bump or The Knot.
Your opinion please...
I'm just curious...
How do I put this without being tacky? I don't know, so I'm just going to come out and ask. lol
What do you think most people have in the bank?
Re: Your opinion please...
A lot less than they say or lead people to believe.?
MrsDe ..... Are you planning on robbing a bank?
If so, then the real question is Where do all the rich people go? lol
I actually think more people are learning to save because of everything that is going on and may have a bit more stored away than they want people to know.
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Not a lot, and that *really* bothers me!
DH and i have commited to paying off debt this year. Then we'll start saving...even though i've been trying to put a little bit away whenever i can. I really want to have at least 3 months of living expenses in our savings at all times.
Both of our jobs are fairly secure, but you never know...
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We are in the same boat + we banked our tax return
Ok, so this might sound like i'm an overly nosy person - but I just can't help it because I always wonder the same thing. At my bank - a lot of people leave their ATM receipts out laying around. I've seen account balances mostly around the 1K - 2K range. but as low as 200 and as high as 15K.
Personally - our's ranges from 1K - 4K depending on the time of the month. We are also trying to pay off our cc'ds and get some serious savings. We paid off the one just this week (HOORAY!!!) and only have one more to go.
I would totally do the same thing.
I think, overall, most people don't have enough in the bank. I don't think they have enough to cover all of their expenses for at least 6 months to a year. I know that I don't.
?
I once saw a receipt on the ATM that had around 84k on the Checking's?and 200k on the Savings. I almost shed a tear...LOL.
?
We don't have what we should. We have to many bills to pay off :-(?
Most of my friends do not have a single dollar in savings, and most of those friends are also in serious debt. Then there are my other friends who are married to financial planners and have thousands and thousands in the bank. We are somewhere in between - we have a lot of debt in the form of student loans (yay law school!) and our mortgage, but we also have two months of mortgage payments in a separate account, and a little over $1,000 in an "e-fund". We are building that slowly.
We also have separate ING savings account for travel, car repairs, and general savings. But they only have about $200-400 in each of them so far!
I have a lot of stock that I had gotten throughout my childhood from family members - I always had about $20K in stocks, sometimes more. I had always thought of that money as our e-fund, but now that the stock market is horrendous, that money is less than half of what it used to be. So....since you don't officially loose money until you sell, we are considering those stocks completely off limits, even for emergency purposes, which is why we are building a new efund through ING.
Ok, I'm feeling a little better about our financial situation now...thanks for your input girls.
Misses MH: NOOO...I'm not thinking of robbing a bank, but that doesn't sound like a bad idea. LOL
Thankfully, DH and I were always "smart" with our savings since we started working (even as teenagers). We are both somewhat savers...as in we don't waste money on a daily basis, but we all know I like to go on vacation and DH collects a lot of what I call junk and he calls collectors items (to each their own lol). But, neither of us have any student loans, credit card debt or car payments. The only debt we do have is our house (which is inevitable when you buy a house...unless you can afford to buy one with cash...I know we can't!). We also have non-liquid funds...like DH has a 401k, I have an IRA and he has a Roth IRA (I had a roth, but closed it out to put more money down on our house). We do have what I would consider a decent amount of cash in the bank (compared to the pp's)...and that's thanks to our first full year of owning a home and the government giving us back of half those ridiculous monthly payments. I'm still nervous tho'. I know they say you will never have enough money in the bank, but we plan on expanding the family soon and I just want to make sure we are financially comfortable. =/
Thanks again ladies...
We have enough for one of us to be without an income for maybe six months. I don't keep a lot in my checking since it's not interest bearing. I think its crazy when I hear of these insane balances in non-% accounts. DH has gotten better over the years, but I am the conservative one in the relationship financially. I know he likes it better this way.
After we got married we saved for 2.5 years for our DP on our place, didn't spend a dime of the wedding money (except for our camera). That obv took up a big chunk of the savings. But we also didn't want to deplete the funds completely for the just-in-case situation. We paid for wedding expenses out of pocket so that wasn't a debt for us. It also helped that DH got two retro checks last year. Plus, we don't have kids or any other large expenses. I do have a bit of student loan but I think I am nearly done paying that off.
I am feeling blessed to be in the place I am now (figuratively and literally). I am one of the few people in my circle of friends to own a home, esp among my NYC friends.
Hey ladies:
I am late but thought I would chime in anyways.
DH and I make very little compared to what the average salary is in NYC but we save very well because we live simply and would rather spend money on experiences like taking a lil trip and trying a new restaurant every 2 months. We do not have cable, we own a broken old car, land line, we rarely shop for clothes, we use coupons etc etc. We did pretty good saving enough money for our DP and closing costs on our home. But now we are back to square one! LOL We have a small amount in checking now, not even enough for a 3 month e-fund. We do not have any CDs, stocks or anything else though.
Thank God for the $8K housing stimulus check which we are eligible for which we are eagerly awaiting (should be getting it in 2 months). This should help kickstart our savings once more. I know what would help both of us, a raise!
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7/2008 - begin TTC
7/2009 - began charting
9/2009 - Dx Endometriosis
10/2009 - HSG/SA (Normal)
12/2009 -6/2010 - Lupron #1 & 2
Sep-Nov 2010- Clomid Cycles #1&2 = BFN
Dec 2010 - Clomid Cycle #3 = BFP (1/11/11);no h/b (2/10/11); D&C (2/23/11)
5/11-6/11 - herbal tea regime = BFN
7/24/2011- herbal tea regime = surprise BFP