 How much money do you think someone needs to live off? |
| On another forum I use, someone suggested that they thought in order for a single person to have a basic standard of living (without saving anything or making debt repayments) they needed to take ... |
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 Save for house or pay down debt? |
| I have about $1300 in disposable income every month and am looking to potentially buy a house in the next 6 to 9 months. I have a credit score of 710 however because of my credit card debt my income ... |
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 What is 6 percent of $450? |
| an investor received a check in the mail that was for 6 percent of the amount invested. if thr amount invested was $450, what was the amount of the check?... |
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 If someone gave you a million dollars, what would you do with it, be kind and give it to charity or spend it? |
| Someone gave you a million dollars on the street, what is your first reaction, be nice and kind and give it to charity or spend it on a fancy car, pool, mansion, ect...... |
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 $1200 in 4 months!? |
| i am going on a school trip to Washington DC. The money is due in 4 months! my family is pitching in a little but most of the money i have to raise myself. my family isn't that wealthy. i am ... |
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 How to make money on line? |
| I don't want any get rich chems.something that ... |
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 Cheapest way to live? |
| Being a single person what is the lowest amount in dollars that might be enough to spend on food for a stingy and reasonable living per month and what type of food should I buy?The lowest and stingy ... |
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 How can I produce more income? |
| Here is my problem. I am in a situation where I have more bills than I have money coming in. I cannot get a conventional part-time job because I have a baby at home and one on the way. I would like ... |
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 If you won the lottery, would you keep it secret? |
| I was thinking that If you won say $100 Million on the lottery (like the European one are doing) wouldn't you be the target of gangsters, or your family be the target of kidnappers? If I won a ... |
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 Do people really get paid a ton of money for online data entry and surveys? |
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lol I wasn't going to do it as main income but extra money to make a dream come true (converted barn in europe).... |
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 How can I make extra money? |
| I need to make some extra cash on top of the money I make at my job. I thought about the online survey thing but I don't know whats real and whats a scam. I don't want to get a second job ... |
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 What should I say to a person who borrowed $200. from me and refuses to pay it back? |
| I loaned a girl at my work $200.00 so she wouldn't get kicked out of her house. She told me that she would give the money back to me in two weeks but she didn't. Now she won't even ... |
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 If you had $400 AU what would you spend it on?? |
| Just interested what I should do with the part of my tax return that I'm not saving.... |
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 Can you figure out a way to raise $30,000 in one year? |
If I gave you one year to raise $30,000 .....how would you go about doing it? The options are limitless so be creative.
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*Please assume that you dont already ... |
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 I need help with money? |
| how do i start a saving habits instead of spending habit?... |
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 Best ways to get out of debt? |
| I'm about 20,000 dollars in debt.. Well between me and my finance. What are some good ways to get out of debt? or better our credit scores?... |
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big cow | How much money saved as a back up to survive, you know so you dont become poor? |
im thinking around 10,000 pounds at least
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giddy up and how much is that exactly |
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bostonianinmo
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Most financial planners recommend that you have at least 6 months wages or salary set aside in liquid assets as a hedge against job loss or unexpected expenses.
If you earn £2,000 per month, then £10,000 is pretty close to being on the mark. If you earn £5,000 per month, then you still have a ways to go. |
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taketwo
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it's a good start but all depends on your out goings say per week and how long for. if you spend 200 per week then 10,000 will last one year. |
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Kimber1984
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You dont need much savings, as these days if you came out of work you would automatically recieve housing benefit and jobseeksers allowance. However some people would class that as not much money, as they cant go around spending it like they use to do - they dont like to make ends meet.
Its nice to save and have money for when something bad happens like loosing your job but not everybody is in the position to save alot of money. |
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erik c
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I try to keep a years worth of expenses in the bank at all times. That way if I lose my job I'm OK for at least a year. |
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cubalishus
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You mean you have spare cash each month that will allow you to save, wow you must be either single or a lottery winner, I would save as much as you can as quick as you can so you can get back to enjoying yourself. |
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dredude52
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The rule of thumb is to have 6 months salary in saving for hard times, like when you are out of work.
But in a bad economy, it may take longer to find suitable work.
I was in the oil business through the Eighties, when that industry got nailed by oil prices falling to $10/bbl. Hard to believe right now, but that wiped out half of the professional jobs in the industry. They said that would never happen again. But in 1998, the price of oil declined to $10/bbl again.
There was no amount of savings that could have prevented my becoming "poor." It took the oil industry six years to come back the first time, only to get hit again.
I was out of work so long, I grew marijuana and got busted, then spent nine years in federal prison. So my family was devastated even further without me. Some things you just can't plan for.
As far as savings goes, let's just say, "The more the better." |
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kvuo
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3-6 months of expenses.. I keep about $20000.
just for when **** happens. |
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GIDDYUP
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At least 6 months gross salary |
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nemesis
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There are many answers with good intentions e.g. aim to have six months salary saved. However, its no help whatsoever when such a feat feels impossible.
In an ideal world, we'd all have at least 3 months worth of outgoings saved up (e.g. if mortgage + outgoings equals 800 pounds, then have 2400 pounds saved) - even that is a mammoth challenge for overstretched people - which is common in the UK where house prices are high, and the only way of owning anything is through a supersized mortgage.
The best answer is to save up what you can afford without significantly lowering your standard of living. Even if you only scrape a couple of hundred, its better than nothing. |
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fieldmouse
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Three times your monthly pay.
Why would you need ten thousand pounds? Jesus! You only need enough to tide you over until your first Jobseekers' Allowance and Housing benefit cheques come through.
Maybe you have a different idea of what poverty is to what I do.
Ten thousand pounds! For Christ's sake! |
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YourDreamDoc
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6 months of your current salary. |
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lem
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a year's salary |
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Chris cc
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More than I could save - I feel the same threat.
My car you asked about. . . . . . . . . . . has recently been smashed up by someone, but I like the picture and want another yank tank sometime. It had a 5.0 litre engine (then 5.7) and sporty exhaust (really awsome beast, boy racers wouldn't stand a chance in a pose contest, neither would the average boss in a merc, bmw etc). Have a look in Classic American magazine (WH Smith or on web) - they are cheap and insurance isn't much. But know a fair mechanic. I don't show my email address on this site, too many warped pox about. |
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ellejaybea
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ive got 500 in the bank |
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orf1943
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The most common guideline I've seen is one half a years salary. |
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