Reply to How much LIQUID savings do you have?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]We only have about 10k liquid (cash in savings) right now.

The rest we have in house equity, 401ks, IRAs and stocks.

We both work and have a combined income of 250k. If one of use lost our jobs (not likely) we would stop paying extra on our 401ks and live more frugally like we did when this happened for 3-4 months during Covid.

We also have 3 paid off cars, fully funded 529s for two teens, and credit scores over 800. We also have credit cards that we could use, but it probably would not come to that.

We don’t have that much liquid because we’d rather earn more interest right now. We can always change that. [/quote]

I’m always confused by what “fully funded 529” means.  There’s no such thing, right?  We have $500k for an 8 and a 10 year old, but I don’t consider that fully funded because I can keep adding to it and paying for education down the line.[/quote]

I believe fully funded usually means some has saved as much as they want to/plan to save.  That can mean differnet things to different people, but the point is that they arent saving more for college.[/quote]

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