Savings?

View Poll Results: What's your savings status?

Voters
44. You may not vote on this poll
  • I'm too young to have much saved

    4 9.09%
  • I spend all my extra money on 'toys'

    4 9.09%
  • I make just enough to get by without much leftover for saving or spending on 'extras'

    12 27.27%
  • I save a little, or am just starting to save (<$5,000)

    15 34.09%
  • I have moderate money in the bank ($5,000-$10K)

    3 6.82%
  • I'm well on my way to saving for the future (+$10K)

    6 13.64%
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Thread: Savings?

  1. #1
    Super Moderator hyunelan2 knows a lot about Elantras hyunelan2's Avatar
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    Default Savings?

    Once again, the geographer/statistical-analyst in me is coming out to look at the demographics of our site. Today's topic, saving money.

    Although I think I know the answer, how many of you have substantial savings accounts? I don't mean the $300 that's tucked under your pillow, or the $300K you could get for selling your 2nd house on the waterfront (I doubt that's anyone here), but actual substantial liquid funds that you could have access to in, lets say 72 hours if needed.

    Everything says that 'we' are the credit card generation, that we have no money on our own, and are going to live in debt forever. I'm just wondering how true it all is?

    I've included a few different poll categories for people to choose what suits them best:
    Last edited by hyunelan2; 11-15-2006 at 02:04 PM.
    • Past: 2002 Elantra GLS (sold in 2010), 2003 Tiburon GT (Sold in 2014)
    • Present: 2004 Santa Fe GLS, 2004 Saab 9-3 Arc, 2010 Suzuki Equator Sport
    • Future: ????

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  3. #2
    Ultimate Post Whore 05xd has not yet proved knowledgeable 05xd's Avatar
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    Default Re: Savings?

    Polls,where are the polls? lol
    Im not even sure how much is saved away at this point.

    EDIT....I type too slow

  4. #3
    Super Moderator hyunelan2 knows a lot about Elantras hyunelan2's Avatar
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    Default Re: Savings?

    ^^It posts a message before the polls, I was typing in the polls, it should be there now.
    • Past: 2002 Elantra GLS (sold in 2010), 2003 Tiburon GT (Sold in 2014)
    • Present: 2004 Santa Fe GLS, 2004 Saab 9-3 Arc, 2010 Suzuki Equator Sport
    • Future: ????

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  6. #4
    Ultimate Post Whore 05xd has not yet proved knowledgeable 05xd's Avatar
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    Default Re: Savings?

    Im goin to be safe and def take option #4.I know its not over 5k

  7. #5

    Default Re: Savings?

    i do save... but in mutual funds and stocks.. not in saving accounts

  8. #6
    Senior Member thewilson has not yet proved knowledgeable thewilson's Avatar
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    Default Re: Savings?

    i have money in the 401k but as far as savings im at like 0 or negative I am actually closing out the 401k for school tuition so I went ahead and put down 0

    Got the Accord CAI installed. Currently Looking for a car to play with

  9. #7
    Senior Douche BobMs_wht2k2 knows a lot about Elantras BobMs_wht2k2's Avatar
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    Default Re: Savings?

    If you count my 401k and her 403b than we fall into the $10k+ category. But we've scrimped and saved to get $6k back into the savings. That's 4 mortgage payments incase something bad happened.

  10. #8
    Super Moderator hyunelan2 knows a lot about Elantras hyunelan2's Avatar
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    Default Re: Savings?

    ^exactly. We've got our retirement plans and investment accounts, but keep a few months worth of salary in a high-yeild savings account, just in case. We put $100 from each paycheck towards that amount. It's a pretty-hefty amount right now, but we're planning on getting a bigger house in another year or two, so that's where some of that will end up.
    • Past: 2002 Elantra GLS (sold in 2010), 2003 Tiburon GT (Sold in 2014)
    • Present: 2004 Santa Fe GLS, 2004 Saab 9-3 Arc, 2010 Suzuki Equator Sport
    • Future: ????

  11. #9
    Senior Douche BobMs_wht2k2 knows a lot about Elantras BobMs_wht2k2's Avatar
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    Default Re: Savings?

    Yeah, we had $11k in savings, but all of that went towards this house. So basically we've saved $6k in less than 2 years. We had a little over 8k, but we had to catch up on property taxes through our escrow.

  12. #10
    Super Moderator hyunelan2 knows a lot about Elantras hyunelan2's Avatar
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    Default Re: Savings?

    I can't wait until a few things are paid off. Our furniture is paid off this month, which leaves only the 2 car payments (and the mortgage, obviously). Elantra is done in June, then I'll put 2/3 of that money towards the Santa Fe payment, which will be done the following July. When all that is done, it'll be an extra $750/month that I'll put straight into savings. I can't wait.

    Then, of couse, we'll buy the new house, one of the cars will need to be replaced, and I'll be right back where I am now, or worse.
    • Past: 2002 Elantra GLS (sold in 2010), 2003 Tiburon GT (Sold in 2014)
    • Present: 2004 Santa Fe GLS, 2004 Saab 9-3 Arc, 2010 Suzuki Equator Sport
    • Future: ????

  13. #11
    Senior Douche BobMs_wht2k2 knows a lot about Elantras BobMs_wht2k2's Avatar
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    Default Re: Savings?

    LOL . . . .it's always something ain't it!

  14. #12
    Calf...Ankles...Cankles!! evan938 knows a lot about Elantras evan938's Avatar
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    Default Re: Savings?

    i dont have much. i make 1270/mo after taxes, plus whatever i bonus, which after taxes (****ty 38% on that) is usually 3-500$...pay 565/mo rent, 60 for my cell phone, electric is 80/month, cable/internet is 75, car payment is 155 now, insurance is 210......thats about 1150/mo. then there is gas for my car, groceries, etc. really, if i dont hit a bonus check every month now, im just scraping by

    i would like to start putting some money into saving so i can have it if something comes up, or so i can start saving for a house, but right now, its not a very feasable idea

    and FWIW, i just checked my savings acct i have not touched in probably 4 years, i have $1.86
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  15. #13

    Default Re: Savings?

    outside of retirement accounts we could add up savings and checking to break the 10k barrier if we had too. If you throw in non-liquid funds then we'd be much happier with home equity and 401k/ira's

    Brad

  16. #14
    Senior Douche BobMs_wht2k2 knows a lot about Elantras BobMs_wht2k2's Avatar
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    Default Re: Savings?

    I didn't even think about equity in the house. . .

  17. #15
    Ultimate Post Whore 05xd has not yet proved knowledgeable 05xd's Avatar
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    Default Re: Savings?

    We have a little over 10k in equity in our house that we bought 2 months ago.I totally forgot about equity as well.I guess thats one you hardly think about

  18. #16
    Super Moderator hyunelan2 knows a lot about Elantras hyunelan2's Avatar
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    Default Re: Savings?

    Yeah, the hard thing about home equity is to really get it, you have to sell your house (or take another loan against it). That really isn't a 'savings' plan though. Basically is only good for moving up from one house to the next, or getting you out of a REALLY BIG jam if you need to sell the house.

    I've got about $25K in equity on my side at the moment. It would be a lot higher if I would have bought the house a year earlier than I did, when the boom was still going on. Now the equity increases are still there, but they've slowed to a trickle.
    • Past: 2002 Elantra GLS (sold in 2010), 2003 Tiburon GT (Sold in 2014)
    • Present: 2004 Santa Fe GLS, 2004 Saab 9-3 Arc, 2010 Suzuki Equator Sport
    • Future: ????

  19. #17
    Senior Douche BobMs_wht2k2 knows a lot about Elantras BobMs_wht2k2's Avatar
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    Default Re: Savings?

    Also house equity is a great retirement "insurance". Wife and I planned on selling the house in about 20-25 years so we could retire at 55 with her teachers retirement. Then planned on a condo or smaller house with less maintenance.

  20. #18
    EXD SupaMod Ugzz knows a lot about Elantras Ugzz's Avatar
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    Default Re: Savings?

    money in:
    1350 a month @ 37.5 hrs & 13.50 an hour
    (yes do the math i get RIPPED in taxes, its about 1/3 of my pay)
    the above number also includes a 30$ deduction that goes to another account.. and its empty at the moment... lol

    Money out:
    health insurance: 125
    health pharma care: 40
    car payment: 250
    car insurance: 110
    cell phone: 50
    rent:300
    utils:165
    total out: $1040
    left over: 310

    and i still gotta pay for gas and food and i have a girlfriend.. so yeah.. i have like NOTHING left to save.
    i try and do some computer consulting on the side but its few and far between.. maybe like 50 a month average extra cash.. but in my situation every penny counts..

    I had a savings account up to 8gs when i lived with my parents.. then i moved out and bought a car a while back and it dropped a few thou.. then that car died a year later and i bought another cheapy.. and it needed fixed and and and.. needless to say theres only 400 bucks in there at the present time.. and it sucks

  21. #19
    Senior Douche BobMs_wht2k2 knows a lot about Elantras BobMs_wht2k2's Avatar
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    Default Re: Savings?

    Wow. . . it's scary my mortgage alone is more than a lot of y'all bring home a month!

  22. #20
    Super Moderator Cypher knows a lot about Elantras Cypher's Avatar
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    Default Re: Savings?

    Money i take home a month: 1700-1800 probably more.

    Bills:

    cell ~ $50
    Insurance ~ $136
    loan = $50
    then theres gas and food for driving to school and since i'm never home. i'll start saving money soon.. but it won't stay for long since it'll be going into a car.
    2002 Hyundai Elantra: Sold
    1991 Nissan 240sx Hatch SR Swapped: Sold
    1992 Toyota MR2: Sold
    1991 Nissan 240sx Coupe: Future KA-T
    1999 Hyundai Tiburon: Daily Driver

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