Twentysomethings, how much do you have in savings?
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Anonymous
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DW 29, DH 37
55K in cash DW 30k in 401k DH military pension at 38 No debt (for now), no investments |
Anonymous
Might be bc the people who want to respond to these things are the rare 25 yr olds who have 150k in investments already. The ones living with 3 roommates and 100k in college debt and $70 to their name are not dying to advertise that. |
Anonymous
No 25 year-old has 150K in investments, unless Mommy gave her the money. Sorry. |
Anonymous
Right. And the ones responding have said they have trust funds and/or spouses who are 39 yrs old and they count it as "our" money. Though a 25 yr old banker/hedge fund guy MAY have that -- it's rare in every other profession including law, medicine etc. where you're just starting out or haven't even graduated med school yet. |
Anonymous
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29: $84k in TSP, $11k Roth, $20k in a Vanguard taxable and about $10k cash in a savings acct as an emergency fund.
Trying hard to save for a home, but it's tough. I feel like I'm going to be a renter for a long time in DC. |
Anonymous
| 28 years old. 5k in cash, 2k in ETFs, 20k in my TSP. 28k law school loan debt, $1,200 for rent each month. No car, I live in DC. |
Anonymous
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To make others feel a bit better:
My sister is 28, has $2k in savings and zero in anything else. She has ~40k in student loans (that my parents pay), doesn't have a job and lives with them. They enable it and I fear my brother and I will have to support her someday... unless she marries rich, in which we'd never hear the end of it - but that's for another thread lol. |
Anonymous
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Here goes
29 + 28 20k in 401k 4k in savings 10k in debt Bring in approx 4550 a month. |
Anonymous
You're fine. You just have to keep contributing regularly, every month, automatically, and forget about it. |
Anonymous
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29, 32
$330k in retirement (401k,Roth, taxable) $120k cash - downpayment $200k home equity |
Anonymous
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26, 27
I have no idea re what we have in the retirement fund 35K in combined student loan debt- we had $45k in loan debt a year ago and got a $20k loan with a low interest rate to pay off $20k in loans with high interest rates, which we're paying back at 2x-3x the minimum payment depending on my medical expenses (I have a chronic illness that requires multiple specialists). 4K in CC debt from a medical crisis a few years ago when DH was underinsured $1,627.32 in savings account It can be overwhelming to look at the numbers, but DH and I are good about sticking to our repayment plans and having a plan makes me less anxious. I'd like to max out DH's retirement and open a retirement account for me (I'm a nanny) in thr next year. Both our families are broke so we didnt have college funds or any financial help once we were teenagers. We own one car that I paid for in cash, and our biggest expense is $1200/month in rent. We do all the stuff you're 'supposed to'--we pack our lunches, carry water bottles and dont buy coffee/soda out, DH takes the bus/Metro to work, we dont have cable, we use the library for books, and all our clothes are sale/clearance/secondhand, but it can still be rough when I look at posts like these and think about how far behind our peers we are. But I never have to worry if we're going to have enough money for food at the end of the month, and I don't avoid going to the doctor when I need to because I'm worried about paying for it, so I'm in the best financial situation of my life and I try to stay grateful for that. |
Anonymous
Nah. This is about where we were. Except we had a lot of educational debt, too. Now, a decade later, we have a seven figure net worth and a lot in cash/investments. You are so young and have plenty of time! |
Anonymous
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I'm 27 and DH is 29
$45k in TSP (both feds) $5k cash $30k home equity $330k mortgage $90k student loans I really can't wait to get the student loan crutch out of our way. I want to pay extra, but with daycare costs it is really tight. We at least are both on career ladders, and my husband will hit is 12 later this year. I'll get that next year, so we can work on reducing it faster. Both of us come from blue-collar families, so there was no way to get financial support from our parents. |
Anonymous
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29 w/ 31 DH
$40K emergency fund $60K easily liquid assets $70k equity investment in private company $200k in 401k's 2 houses - cash equity of $375k. Conservatively estimate additional appreciation of $250k Not a trust fund baby, but I do recognize that we have been very fortunate, especially coming out of school in the '09 time frame. |
Anonymous
| I'm 24 and currently paying for grad school (the part that isn't covered by funding) myself. I have 30k in savings, all from previous or current jobs. My parents paid for my undergrad, which allowed me to save a good chunk of the money I made - if I'd had to pay for it myself I would probably have a ton of debt, whereas I have none now. Life is comfortable - I'm not rich, but I also don't have kids to support so the money I do make more than cover my needs. Seeing everyone else's crazy high savings on this thread makes me wonder what I'm doing wrong though :/ |