U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > General Forums > Economics
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
 
 
Old 05-05-2019, 10:38 PM
Status: "If u invent a negative trait " (set 9 days ago)
 
54 posts, read 14,420 times
Reputation: 49

Advertisements

I think we have $1.00-$1.50 and that is because opening a savings acct was required when we opened the checking at our local credit union. Not many have savings accounts anymore with IRA's, HSA's, 401k's, etc...
Quick reply to this message

 
Old 05-06-2019, 10:20 AM
 
Location: Forests of Maine
30,536 posts, read 49,043,236 times
Reputation: 18868
Quote:
Originally Posted by Z68359 View Post
How much Money do you have in your savings account? and whats your age?
I do not keep much in a bank, out of habit.

We have a couple CCs, in case of minor emergencies, and a stash of silver coins.

I retired on pension when I was 42. I have been retired for 18 years. I am now 60.
Quick reply to this message
 
Old 05-06-2019, 08:45 PM
 
Location: Scottsdale, AZ
7,140 posts, read 4,376,102 times
Reputation: 26018
"Savings accounts" are a quaint anachronism.
Quick reply to this message
 
Old 05-07-2019, 08:11 PM
 
13 posts, read 1,527 times
Reputation: 35
A bit under 50,000. Goal is 100K.
Quick reply to this message
 
Old 05-09-2019, 02:36 PM
 
Location: Wonderland
43,967 posts, read 35,461,802 times
Reputation: 62118
I have $100 in a savings account. I have the rest of my money and assets elsewhere. What's the point of the question anyway?
Quick reply to this message
 
Old 05-09-2019, 04:30 PM
 
70,002 posts, read 70,555,139 times
Reputation: 47642
No point "..... I think it is just someone with little understanding of personal finance
Quick reply to this message
 
Old 05-09-2019, 04:51 PM
 
5,080 posts, read 5,724,388 times
Reputation: 5538
Agreed, I donít have any savings accounts. What a pointless account. I have two personal checking accounts, one is basically where investment income gets dumped / distributed, the other is the actual daily living personal checking, then I have my business checking account. I typically keep $20K minimum in business checking because thatís the amount weíve established works as a buffer against a few down months, then Iíll usually just let that account grow until January 1, distribute any dollars over $20K to myself, and repeat process.

In a perfect world Iíd like to keep I guess around $500K in some form of liquid or easily accessible form, stocks or cash, or maybe even money market accounts because I need to have a fairly stable amount of cash easily accessible. The rest is hard assets and paper net worth. Iíve usually had less than $100K cash on hand which isnít ideal at all for me, but itís just been more aggressively invested.
Quick reply to this message
 
Old 05-09-2019, 05:02 PM
 
1,552 posts, read 346,466 times
Reputation: 2590
Quote:
Originally Posted by Z68359 View Post
How much Money do you have in your savings account? and whats your age?
Not a penny. I haven't had a savings account since 1974.
Quick reply to this message
 
Old 05-13-2019, 11:05 AM
 
Location: Lower East Side, NYC
2,090 posts, read 1,335,059 times
Reputation: 1503
$5 to keep my checking account open at my credit union that gives me a nice 3%, though it seems better rates are coming around finally and I may be looking to switch. 27
Quick reply to this message
 
Old Yesterday, 08:28 PM
 
Location: Silicon Valley
3,471 posts, read 1,555,311 times
Reputation: 5905
I opened a savings account for my kid when she was younger. She couldn't have a checking account, but they'd let her open a savings account and gave her $1500. I was hoping to show her in very easy terms how money can make money, and how to reconcile her account each month.

Too bad the kid accounts pay nothing like the adult ones do. Then they stopped sending paper statements. I think I'll go close it on Saturday and try again with Fidelity.
Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


 

Quick Reply
Message:
Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > General Forums > Economics
Follow City-Data.com founder on our Forum or

All times are GMT -6.

© 2005-2019, Advameg, Inc. | Please obey Forum Rules | Terms of Use and Privacy Policy

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top