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MrsR
My love.
Member since 5/05 6247 total posts
Name:
Jennifer
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how much of your savings..
I am wondering what percentage of your savings (which includes savings accts, cd, ira's, mutual funds, stocks, etc...) you feel comfortable having as liquid cash in a savings account or as actual cash that you can access at any time to use for bills, or emergencies?
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Posted 3/31/08 7:39 PM  |
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MegZee
My bunny
Member since 5/06 8777 total posts
Name:
Meaghan
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Re: how much of your savings..
well - i would consider stocks liquid bc you can sell them whenever you want.
I would keep 6-9 months of bills as "emergency" in cash form (in the highest interest rate I could find that is liquid)
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| Posted 3/31/08 7:42 PM |
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Mommy2Boys
My Boys!!!!
Member since 6/06 14437 total posts
Name:
C
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Re: how much of your savings..
I would keep 6-9 months of bills as "emergency" in cash form (in the highest interest rate I could find that is liquid)
Wow...your good. I know we should keep that much, but we keep about 3 or 4 months. But our situation is a little different b/c regardless of whether DH gets hurt at work or off the job (he is a cop) he gets paid. So we're not in a situation like others where they don't have unlimited sick time or if they dont work they dont get paid their full pay check...
Message edited 4/1/2008 8:47:04 AM.
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| Posted 4/1/08 8:46 AM |
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LuckySV
LIF Adult
Member since 10/05 4675 total posts
Name:
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Re: how much of your savings..
Posted by jellybean1420
I would keep 6-9 months of bills as "emergency" in cash form (in the highest interest rate I could find that is liquid)
Wow...your good. I know we should keep that much, but we keep about 3 or 4 months. But our situation is a little different b/c regardless of whether DH gets hurt at work or off the job (he is a cop) he gets paid. So we're not in a situation like others where they don't have unlimited sick time or if they dont work they dont get paid their full pay check...
Same here. We only feel it's necessary for us to have 3 or 4 months cash in savings. We both have secure jobs and DH actually gets unlimited sick. If something were to happen and we needed more than what's in savings we would then be able to dip into non-retirement investments.
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| Posted 4/1/08 8:51 AM |
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HeathKernandez
Our Ron is an awesome Ron
Member since 4/07 9091 total posts
Name:
baby fish mouth
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Re: how much of your savings..
what are savings?
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| Posted 4/1/08 9:08 AM |
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CathyB
Member since 5/05 19403 total posts
Name:
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Re: how much of your savings..
Over 50% of our savings are in stocks & bonds that we'd be able to get out of pretty quickly if we needed.
The rest is in our IRAs, 401ks, and invested in the fund DH works for. We have to give them 30 days notice if we want to cash out, but the owner of the firm has offered low interest loans to employees instead of cashing in their shares in the fund, so that's another option for us.
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| Posted 4/1/08 9:15 AM |
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Blu-ize
Plan B is Now Plan A
Member since 7/05 32475 total posts
Name:
Susan
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Re: how much of your savings..
We have way more invested in retirement accounts than we do in liquid assets.
I would say about 20% is liquid and the rest in IRA and 401(k).
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| Posted 4/1/08 9:40 AM |
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Bxgell2
Perfection
Member since 5/05 16438 total posts
Name:
Beth
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Re: how much of your savings..
Liquid assets? I can't say what percentage of my savings it would be, but what I feel most comfortable having is enough liquid savings that would cover us for 6 months for all of our bills and expenses.
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| Posted 4/1/08 9:42 AM |
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