reasonable amount of money to keep in the bank...

Discussion in 'Business, Careers & Education' started by thekunk07, Sep 7, 2010.

  1. thekunk07

    thekunk07 Senior member

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    ...at all times? opinions, thoughts, etc.?
     
  2. ter1413

    ter1413 Senior member

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    250k
     
  3. sho'nuff

    sho'nuff grrrrrrrr!!

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  4. erdawe

    erdawe Senior member

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    I prefer to think in percentages, not dollar amounts.
     
  5. Brosef

    Brosef Senior member

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    I prefer to think in percentages, not dollar amounts.

    This. We don't all have the same income.
     
  6. Ambulance Chaser

    Ambulance Chaser Senior member

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    I have read 3 - 6 months of living expenses, depending on how secure your job is.
     
  7. BP348

    BP348 Senior member

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    I have read 3 - 6 months of living expenses, depending on how secure your job is.

    I've heard the same and can only one day hope I can have 6 months income in the bank. For most that has to be what? Like $15 - $20K?
     
  8. Suave

    Suave Senior member

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    15-20 is healthy
     
  9. JohnGalt

    JohnGalt Senior member

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    Perhaps the most respected financial guru in the world, Suze Orman, says to keep an 8 month emergency fund.
     
  10. jefe

    jefe Senior member

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    Suze Orman is a retarded whore. With a bad tan. She is the financial equivalent of Fox News.
     
  11. Suave

    Suave Senior member

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    nice mr. O face guy av
     
  12. Usul

    Usul Senior member

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    Suze Orman is a retarded whore. With a bad tan. She is the financial equivalent of Fox News.

    Agree, like most lay financial experts she mixes broad generalization with oversimplification, However: would bang, along with a younger Martha Stewart.
     
  13. 1969

    1969 Senior member

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    There are better places to earn a buck and still go liquid in 3-4 days.
     
  14. Piobaire

    Piobaire Not left of center?

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    Strictly my opinion and keep in mind my PoV was shaped by a very poor childhood:

    One year of living expenses. Divide by 12 and use laddered CDs.

    People will give you a million reasons why this is wrong and that doesn't bother me. I sleep very soundly though.
     
  15. gdl203

    gdl203 Affiliate Vendor Dubiously Honored Affiliate Vendor

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    30-50% of your current pre-tax household income, depending on your aversion to risk and how easy it is to find decently paying work in your field
     

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