How much money do you have saved up?

[sushi]

Not enough!

Seriously, you can never have too much saved up for retirement. Prices continue to rise. A dollar 10 years from now will be worth less.

In the world of technology, we are used to performance improving while prices decrease. However, for most other products, food, clothes, medicine, etc. the costs tend to rise over time.

Awwww...it's always cute when the kids on MR start another penis measuring contest.

Snort! Yes it is.

I would recommend starting a savings account and try to build up 3-6 months of income in there. Use that as an emergency fund in case you lose your job or something happens. Any financial planner will tell you that.

So after you play and pull our chains, we are to listen to you? Don't think so.

BTW, your comment above indicates a lack of understanding for financial planning.

No kidding. Next they can all post the luxury cars their parents bought for them.

Maybe. Just maybe.

To those who have started saving when your young, outstanding! Getting into the habit of saving will really pay off in the long run.

 

[cantthinkofone]

$50 in a checking account i opened up last week. I don't make enough to save money.

 

[callmemike20]

Not enough!

So after you play and pull our chains, we are to listen to you? Don't think so.

BTW, your comment above indicates a lack of understanding for financial planning.

I don't get your point? So a emergency fund isn't important?

 

[sushi]

I don't get your point? So a emergency fund isn't important?

I didn't say that.

Suggest that you study up a bit more on this topic.

 

[Iscariot]

I have your mom saved up.

 

[Love]

That's what SHE said!

 

[Nugget]

I'm not interested in comparing wallets, but I will say this...

The best day to start saving and investing is the day you receive your first paycheck. If you didn't manage to get that one right, then the second best day to start saving and investing is today.

 

[toolbox]

21 Years old....been saving since high school. $103,744.37 in the bank.

Wow dude, thats incredible! I had close to 70 grand when i was 21 but i bought my first house.

While i lived at home i payed my folks rent and payed for the internet etc to help them a bit. But wow thats a great achievement.

Do you drive a car?

 

[Love]

I'm 15 and have saved a little under $2000. /happy with myself

 

[MasterDev]

This thread is just too funny, and a bad idea.

I don't save money, I invest it properly. Most of my money is in my company anyways. The, "Saved" money, is in my 401k.

 

[callmemike20]

Wow dude, thats incredible! I had close to 70 grand when i was 21 but i bought my first house.

While i lived at home i payed my folks rent and payed for the internet etc to help them a bit. But wow thats a great achievement.

Do you drive a car?

lol. As you probably didn't see, I was just kidding.

 

[callmemike20]

I didn't say that.

Suggest that you study up a bit more on this topic.

lol. I still don't understand what you are saying about my lack of understanding...

http://www.fpaforfinancialplanning....s/ReadyforaRainyDayWhyYouNeedanEmergencyFund/

The financial planners say it right there. It's all about setting goals and meeting them.

 

[Maserati7200]

Been saving up since age 6... Started out with $5.05 and now have over $5,217.05 !

 

[toolbox]

lol. As you probably didn't see, I was just kidding.

Ah well reading fail for me then. I was up at coming home 3 hr drive whatever!