donttrustsnowmen
|
it feels verrrrry gooooooooddddd!!!!!!!!!
Why u givin 5 grand to best answer? |
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ignatious93
 |
It feels like it's not enough. |
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aj485
|
It is comforting to have $5k in the bank, but not as comforting as having a full 6 - 12 months of living expenses (not income) in the bank. |
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JEDI MASTER YODA
 |
This would NOT be enough in my estimation.
The Savings Goal should be 20-25% of your monthly income.
I would recommend to have 6-Months of your base pay saved in a Savings Account with a Bank or Credit Union which pays you interest in case of an EMERGENCY.
How would I feel?
Well the money is SAFE and SECURE at an FDIC insured financial services company like a Bank.
www.fdic.gov
$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
You would also want to establish a BUDGET for your income and expenses to SAVE money on a regular basis:
www.simpleplanning.net ("BUDGETING")
$$$$$$$$$$$$$$$$$$$$$$$$$$$$$$
Hope this helps you!?
Have a great week ahead!
GOOD LUCK! :-)
CONGRATULATIONS! On savings $5,000 in the Bank. |
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scottr
 |
Having at least 6 months of income saved is usually what is recommended. Of course what this amount is will vary from person to person... |
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je t'♥
|
i would feel safe and not worry too much about the possibility of having an emergency |
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Missy
|
Not as good as if I had $20,000! |
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JL
|
Reassuring that I have a cushion in case of an emergency. Just like having batteries in the flashlight for a power outtage. Or the first aid kit an case of an accident. Being prepared give you some comfort because it is one less thing to think about. |
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amandafofanda66
|
Pretty darn good. |
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ogg08
 |
it's always great to have 4 to 6 months of reserves as stated by many financial books and even by my own financial advsior. though i admit i'm trying to build it up to two years... |
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serioussamp
|
Id like it. |
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Dayna R
|
pretty darn good. the worst thing is knowing its there and knowing you shouldn't touch it. |
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milliecriollo
 |
Lot's of people have the money save up in case of emergency... Like for there grave expenses. Put it in a saving account. I think called burial saving account. |
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Maria Gallercia
|
I feel that my emergency fund is almost established, and that was a good milestone that was achieved. At the same token, I feel safe and secure. :-) |
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prddp
|
It makes you feel pretty good because if an emergency arises it is good to know you have that money as backup. Sort of an ace in the hole. |
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coryfucius
 |
I would feel pretty good about that. Having more cash than you need day-to-day is a great idea. |
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MIchael C
|
Just 5k? You need at least 25k, and some government bonds would be good. It's really never enough. |
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Mike M
|
Incredible! |
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vanessa_page_2004
|
I do :)
Good savings skills (oh and no expenses as I'm in school :)) |
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Saunders C
 |
I would make sure that it wasn't the local First Market Bank.
Gets robbed all the time. If it was I'd feel insecure. |
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redgator40
|
happy |
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Joker
|
it would feel good but it wouldnt be in bank long |
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