What's the least amount you'd feel comfortable having in liquid assets?
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Anonymous
| After spending a large portion of savings on a down payment and closing costs, what's the least amount of money you'd be comfortable having leftover in savings? Assume you won't grow the savings too quickly but do have a comfortable amount for retirement that you're not touching. Mid-30s couple with two kids. |
Anonymous
| 25k |
Anonymous
| Since my cars are fairly new 5k would cover my emergencies but I would save up more pronto. |
Anonymous
| $100K or more, $50K minimum... it depends on how much your mortgage is and how stable your jobs are. You want to make sure you can cover expenses and emergencies. A new roof or HVAC can be $10K. |
Anonymous
| 50k |
Anonymous
| 5k? We regret savings at 3-4K a month, but that's how low we got when we bought our house. If we'd ran into issues, our parents would have loaned us money. |
Anonymous
| Two years of expenses |
Anonymous
| $50K |
Anonymous
|
Ha
Payday with some overtime was today 13k in checking and I'm ecstatic |
Anonymous
|
20k if you have stable, gov sort of jobs
50k if there's any chance you could lose a job |
Anonymous
| Bare minimum 6 months expenses. |
Anonymous
That's crazy. I mean, yes, that would be ideal, but no one has two years of expenses in savings except the 1% |
Anonymous
+1. Which for us is about 12k=72k. |
Anonymous
| Ha, when we bought our house we were literally down to three figures in our account. Bought all of our furniture and did home improvements on zero-interest credit card offers that we didn't have to pay off for a year, putting us in five-figure debt. All paid off on time, house has appreciated greatly and we never could have afforded in this neighborhood otherwise. |
Anonymous
Yup! ‘Savings after down payment’ bwahaha. We did buy new construction, though... so we were under warranty for a year. |