What do you consider “enough money” saved up.

Question

Just curious what people think is enough money saved.

Answer

For what though ? ..it depends, do you own a house already ? do you have children? Are you single?

Answer

I've Always been told a good savings amount is 3-4 months worth of living cost. Food, utilities, mortgage/rent and expenses.

Answer

I wish I could have savings

Answer

We own our home, have a one year old about another on the way. We have $110,000 in savings however will be spending around $50,000 of that when we buy a bigger home hopefully soon. This does not include our retirement accounts, 401k, 457, etc.

Answer

I’m working on my 6-9-month emergency fund which needs to be between $18-27k.

Answer

Savings is totally dependent on your situation. We like to have 4 months worth of expenses saved and we are also saving for a down payment on a house.

Answer

We both have great careers and have plenty to sustain our lives if we lost our jobs. Our savings, 401ks, Roth IRA accounts and assets are set. We both worked really hard to get to this point.

Answer

Agree with others the 4 month expenses is important. But then you have your 401k. Your investments. That all totals to way more than your options and varies based on a person's needs.

Answer

I'm planning on retiring so I'm definitely going to need more than 20k lol

Answer

Right now I’m saving up to move with my boyfriend (we are moving to NY and are going to live with my best friend who already has a house.) so we are just saving a couple thousand to start out. It depends what you’re saving for

What do you consider “enough money” saved up.

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