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Old 05-05-2019, 06:47 AM
 
10 posts, read 4,074 times
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How much Money do you have in your savings account? and whats your age?
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Old 05-05-2019, 06:49 AM
 
71,463 posts, read 71,629,249 times
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zero , i am 66 ... i have no reason to have money in a savings account , ever . i have investment accounts and a checking account . a savings account is a specific type of bank account . i hope you realize that the way you asked this question will likely not be what i think you are asking which is liquid net worth .
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Old 05-05-2019, 06:59 AM
 
Location: east TN
265 posts, read 73,428 times
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"Gold is money.....everything else is credit." JP Morgan.


I doubt most folks have any money at all.
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Old 05-05-2019, 08:03 AM
 
2,158 posts, read 832,316 times
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Quote:
Originally Posted by Z68359 View Post
How much Money do you have in your savings account? and whats your age?

58. 0. Why would anyone put money into savings accounts? Literally one of the dumbest financial strategies ever. You may as well put it under a mattress.
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Old 05-05-2019, 08:11 AM
 
2,730 posts, read 1,747,774 times
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I roll all my credit card rewards and bonuses into a special Christmas rate savings account for an emergency fund. It’s also laddered in CDs.

I also keep savings accounts for sinking funds for vacations.
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Old 05-05-2019, 08:14 AM
 
958 posts, read 312,913 times
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Late 40's and I have about $3k in 'savings accounts', everything else in accounts that are not labeled 'savings accounts'
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Old 05-05-2019, 04:11 PM
 
8,878 posts, read 3,927,925 times
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Quote:
Originally Posted by Tn_eddy View Post
"Gold is money.....everything else is credit." JP Morgan.


I doubt most folks have any money at all.
I've got tons of it. I have no trouble exchanging it for anything I want in real goods and services.
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Old 05-05-2019, 04:14 PM
 
8,878 posts, read 3,927,925 times
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Quote:
Originally Posted by YourWakeUpCall View Post
58. 0. Why would anyone put money into savings accounts? Literally one of the dumbest financial strategies ever. You may as well put it under a mattress.
Safer in a bank account if you know you need to save it for some important future payment. Like up coming taxes after a big sale. Even safer if you limit it to $250K in any one account.
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Old 05-05-2019, 04:19 PM
 
Location: Aurora Denveralis
8,579 posts, read 3,001,676 times
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I question the wisdom or goals of a new user asking such a question...
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Old 05-05-2019, 04:26 PM
 
71,463 posts, read 71,629,249 times
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I am not shy about discussing numbers but I fail to see any reason to here .. it is not like it is a constructive in context discussion
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