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Re: Do you think $10,000 is a lot of money?
For Joe and I yes. I would love to have that in savings on top of our 401K. I think lifestyle, salary, and monthly bills play a huge factor including location. In MI that is  but say NY, Chicago, CA that is not much. I think it depends.
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Posted 3/1/08 10:15 AM  |
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JenniferEver
The Disney Lady
Member since 5/05 18163 total posts
Name:
Jennifer
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Re: Do you think $10,000 is a lot of money?
That's a ton.
It's way more than I have now. 
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| Posted 3/1/08 1:48 PM |
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smiles
Life is good!
Member since 2/06 1450 total posts
Name:
S
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Re: Do you think $10,000 is a lot of money?
Posted by Beth1210
it's ok- a good start
I would keep saving
ITA
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| Posted 3/1/08 1:54 PM |
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lovemy2boys
LIF Adult
Member since 10/07 3915 total posts
Name:
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Re: Do you think $10,000 is a lot of money?
If her DH would get paid for one year if he lost his job then I would say that's enough for them. especially since the bills are low.
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| Posted 3/2/08 11:26 AM |
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jax1023
LIF Adult
Member since 3/07 1165 total posts
Name:
Jackie
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Re: Do you think $10,000 is a lot of money?
I'd say maybe. the problem is with oil costs going up so much, and the very bad job market, it could go faster than you think.
We have well over a years woth of bills saved, but now that we aren;t going to buy a house, we'll be transferring some of that money to CDs and and IRA, where it will be less accesible.
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| Posted 3/2/08 11:33 AM |
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Chrisnamy
Summer is coming soon
Member since 1/07 3991 total posts
Name:
Amy
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Re: Do you think $10,000 is a lot of money?
Yes, $10,000. is a lot of money.
I heard that you should have atleast 6 months worth of your bill saved in an Emergancy fund. You need to figure that out if that $10,000. is that number.
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| Posted 3/2/08 11:41 AM |
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saraH
happy birthday sweet kate!
Member since 5/05 16555 total posts
Name:
I know that God exsists, I held her in my arms...
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Re: Do you think $10,000 is a lot of money?
It would cover us for about 2 months, so no, I don't think it's a lot of money.
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| Posted 3/2/08 2:12 PM |
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neenie
Member since 5/05 22351 total posts
Name:
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Re: Do you think $10,000 is a lot of money?
I guess its better than nothing.
Why do you ask? Did you think that your friend had alot or not enough? 
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| Posted 3/2/08 4:43 PM |
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charon54
My two boys!
Member since 5/05 7279 total posts
Name:
Rebecca
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Re: Do you think $10,000 is a lot of money?
No, it would only cover 3 months of living expenses for us (mortgage, utlities, bills), and we are only two people.
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| Posted 3/2/08 4:46 PM |
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Re: Do you think $10,000 is a lot of money?
I think it's a safe amount to start out with. That's actually DH & my amount we NEVER want our joint savings to dip below.
My goal is to never have to go back to using credit cards again, which is why we have gotten so anal about saving as much as possible.
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| Posted 3/2/08 4:57 PM |
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Re: Do you think $10,000 is a lot of money?
It's a lot if you win it, say, in a contest...for extended living in NY...it's not, realistically.
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| Posted 3/2/08 5:25 PM |
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hazeleyes33
LIF Adult
Member since 5/05 13060 total posts
Name:
Ginger
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Re: Do you think $10,000 is a lot of money?
Posted by neenie
I guess its better than nothing.
Why do you ask? Did you think that your friend had alot or not enough?
For her situation, I thought she was doing ok because she has been spending less and saving more and her bills are really not too high.
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| Posted 3/2/08 6:11 PM |
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MrsBlueSash
Love my sailor
Member since 6/05 5793 total posts
Name:
Christian
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Re: Do you think $10,000 is a lot of money?
Depends how many months that covers.
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| Posted 3/3/08 12:15 AM |
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