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View Full Version : How much do you have in the bank?


El Jefe
03-17-2008, 10:31 AM
With the average Americans credit card debt, and the price of gasoline, eggs, and milk going up, I wonder how much do you have in the bank?

If you can specify wether it's in checking or savings also. I dont have a lot in the bank. I have around (both savings & checking) a little over 2 grand. I have no credit card debt. I do however have a monthly car payment.

Just interested to see how much some of you have in the bank, and to see how the economy may have affected what you had/have.

beach tribe
03-17-2008, 10:33 AM
9k until April 15th. Probably 5k after that. No car payment or CC debt.

Give or take a G or so on the taxes. We'll see.

thurman merman
03-17-2008, 10:37 AM
this is kind of personal, isn't it?

Brock
03-17-2008, 10:38 AM
Savings account? WTF?

Sure-Oz
03-17-2008, 10:38 AM
this is kind of personal, isn't it?

no shit

ill just say i could use more money

DaKCMan AP
03-17-2008, 10:40 AM
None of your business. ;)

Spicy McHaggis
03-17-2008, 10:40 AM
I've got $5,934 in Camel Cash.

Sure-Oz
03-17-2008, 10:43 AM
I've got 2 mcdonalds dollars

Dartgod
03-17-2008, 10:43 AM
Eleventy-billion dollars

MTG#10
03-17-2008, 10:44 AM
One hundred BILLION dollars...

http://jcwinnie.biz/wordpress/imageSnag/Dr_Evil.jpg

beach tribe
03-17-2008, 10:52 AM
Doesn't bother me.

beach tribe
03-17-2008, 10:53 AM
Probabally because I don't personally know anyone here.

Nzoner
03-17-2008, 10:53 AM
I sure could use some casino cash

kstater
03-17-2008, 10:54 AM
You all went over.
I say $1 Bob.



Wait, who hosts the Price is Right?

Hoover
03-17-2008, 10:55 AM
I keep about eight grand in checking and have around ten grand in savings. The rest is invested. I usually build up the savings account then pay a chunk off my mortgage or the car I just bought. I'm a little less likely to do that with the current state of the economy so I'll probably roll whats in saving into some short to mid term CDs and a Christmas account. I'm in the process of a career move so if I end up going back into business for myself I'll need access to those funds.

Would you also like my mothers maiden name and SSN?

I'll tell you because Cylde Davis sold me on this life lock thingy!

BucEyedPea
03-17-2008, 10:57 AM
Oh! A couple a million.
But my credit card and other debt exceed that.

Nzoner
03-17-2008, 11:00 AM
Oh! A couple a million.
But my credit card and other debt exceed that.

yeah,I'm so poor I had to make a deposit in a bank last week so I could get a deposit for my other bank.

El Jefe
03-17-2008, 11:03 AM
Probabally because I don't personally know anyone here.

Thats what I figured.:shrug:

Iowanian
03-17-2008, 11:03 AM
A Shit-ton Less than I had last year at this time, but you'll have that when you're financing a startup.

I'll be spending a shitload more today or tomorrow.

blueballs
03-17-2008, 11:05 AM
the mattress is getting less and less lumpy

El Jefe
03-17-2008, 11:08 AM
I keep about eight grand in checking and have around ten grand in savings. The rest is invested. I usually build up the savings account then pay a chunk off my mortgage or the car I just bought. I'm a little less likely to do that with the current state of the economy so I'll probably roll whats in saving into some short to mid term CDs and a Christmas account. I'm in the process of a career move so if I end up going back into business for myself I'll need access to those funds.

Would you also like my mothers maiden name and SSN?

I'll tell you because Cylde Davis sold me on this life lock thingy!

ROFL

Mr. Plow
03-17-2008, 11:08 AM
Have you ever seen the Langoliers by Steven King? With 4 kids, my house is kind of like that. They just kind of eat their way through everything. We went grocery shopping over the weekend. Spent $400 on nothing by food that took up 2 carts. Took an hour to unload and put everything away.

My point is....if I have any extra cash, it goes towards supplying my monsters with food. With 3 of them boys, I'm deathly afraid of when they become teenagers. If you have extra money, I'm taking donations.

Mr. Plow
03-17-2008, 11:09 AM
Oh ya......I forgot to buy freakin' dog food!

El Jefe
03-17-2008, 11:10 AM
A Shit-ton Less than I had last year at this time, but you'll have that when you're financing a startup.

I'll be spending a shitload more today or tomorrow.

My dad started his business back in 82 and it has it's ups and downs. Look at the % of businesses that fail in the first 3 years, it's as easy as some think it is. Like they say "It takes money to make money".

Hoover
03-17-2008, 11:15 AM
Iowanian

What kind of biz are you in?

Pestilence
03-17-2008, 11:18 AM
Oh ya......I forgot to buy freakin' dog food!

Problem solved. Start feeding your kids dog food.

Bugeater
03-17-2008, 11:20 AM
Problem solved. Start feeding your kids dog food.

Or just feed your kids to your dog.

Mr. Plow
03-17-2008, 11:26 AM
Or just feed your kids to your dog.


Kids are a little tough unless cooked properly.

Iowanian
03-17-2008, 11:30 AM
Iowanian

What kind of biz are you in?

See PM.

Pestilence
03-17-2008, 11:31 AM
Kids are a little tough unless cooked properly.

Feed the dog to the kids?

DenverChief
03-17-2008, 11:34 AM
Feed the dog to the kids?


you doing all that shaving?

Mr. Plow
03-17-2008, 11:38 AM
Feed the dog to the kids?


I have a dachshund and a mutt. Both don't have a lot of meat on their bones. But I did have a dog named "Tubby". Talk about some good bbq.

SLAG
03-17-2008, 11:41 AM
$0

Fridge is Empty

Pregnant Wife is Hungry

Told her too bad

Calcountry
03-17-2008, 11:44 AM
A Shit-ton Less than I had last year at this time, but you'll have that when you're financing a startup.

I'll be spending a shitload more today or tomorrow.Don't sweat it, corn is 5.60 a bushel.

Iowanian
03-17-2008, 11:45 AM
That doesn't do much good for me, as I don't raise corn.

Bowser
03-17-2008, 11:51 AM
See PM.

Certified

Public

Masterbater

DTLB58
03-17-2008, 11:59 AM
Well, We consider ourselves lucky, we are actually finacially better off now than we have ever been. $ 300 in checking and $10,000 in savings, that will soon be in a money market or CD for emergencies only.

We both have been at our jobs for a while now (7 years for me 9 for her). Making more now than ever. Zero CC debt. Only house and Truck payment debt. Truck should be paid off next year and we just re-financed the house for 5.5% @ 15 years and hopeful to pay that off in 10.

Contributing 16% of our income towards retirement an having 13% of that matched by our employer!

We have $625,000 in life insurance and a will in place.

This is all due to this man.......www.daveramsey.com

whoaskew
03-17-2008, 12:08 PM
Contributing 16% of our income towards retirement an having 13% of that matched by our employer!

A 13% match on a 16% contribution? That is amazing.

I usually see a maximum 3% match on a 6% contribution.

Braincase
03-17-2008, 12:13 PM
/Stewie On Not quite enough to complete my conquest of the world! /Stewie Off

Frazod
03-17-2008, 12:16 PM
I sure could use some casino cash

Same here. I started losing at blackjack over the weekend after being up $1500. Then I got pissed and started betting $100 a hand. Lost my ass.

The computer dealer sucks my ass.

:cuss:

RJ
03-17-2008, 12:39 PM
Eleventy-billion dollars


Hah! I have eleventy-one billion!

Bill Lundberg
03-17-2008, 12:41 PM
I keep about eight grand in checking and have around ten grand in savings. The rest is invested. I usually build up the savings account then pay a chunk off my mortgage or the car I just bought. I'm a little less likely to do that with the current state of the economy so I'll probably roll whats in saving into some short to mid term CDs and a Christmas account. I'm in the process of a career move so if I end up going back into business for myself I'll need access to those funds.

Would you also like my mothers maiden name and SSN?

I'll tell you because Cylde Davis sold me on this life lock thingy!

I hope for your sake that when you say savings account you mean money market. Otherwise you're missing out on about 3 -4% in interest every month.

El Jefe
03-17-2008, 12:44 PM
Well, We consider ourselves lucky, we are actually finacially better off now than we have ever been. $ 300 in checking and $10,000 in savings, that will soon be in a money market or CD for emergencies only.

We both have been at our jobs for a while now (7 years for me 9 for her). Making more now than ever. Zero CC debt. Only house and Truck payment debt. Truck should be paid off next year and we just re-financed the house for 5.5% @ 15 years and hopeful to pay that off in 10.

Contributing 16% of our income towards retirement an having 13% of that matched by our employer!

We have $625,000 in life insurance and a will in place.

This is all due to this man.......www.daveramsey.com


Seems like you have a good thing going. Rep for the Dave Ramsey comment. Fellow DR supporter here. :thumb:

Mr. Plow
03-17-2008, 12:55 PM
I see Dave Ramsey is coming to KC in May. Would it be worth the cost of travel to go to a seminar?

DaKCMan AP
03-17-2008, 01:00 PM
A 13% match on a 16% contribution? That is amazing.

I usually see a maximum 3% match on a 6% contribution.

I am not vested yet so I only get a 4% match on 8% contribution, but eventually I'll get 8% match on 8% contribution.

damaticous
03-17-2008, 01:00 PM
Depends. At beginning of month it's usually around 2-400 because of the house payment. by middle-last part of the month it's around 8-1400.

I would say I average around 6-800.

Hoping to pay down cc's this year. I have a total of about $12000 in 2CC's...nothing I can't handle but I would really like to get it paid down. If things go right I should be down to 1-2000 on CC's by end of year.

sedated
03-17-2008, 01:01 PM
$1800 less than I did on Friday

DaKCMan AP
03-17-2008, 01:02 PM
I hope for your sake that when you say savings account you mean money market. Otherwise you're missing out on about 3 -4% in interest every month.

I'm getting 4% on one of my savings account. I can't even find a CD for much more than that right now, let alone a money market.

Bill Lundberg
03-17-2008, 01:09 PM
I'm getting 4% on one of my savings account. I can't even find a CD for much more than that right now, let alone a money market.

That's great for a savings account. Is there a minimum balance? Here are a couple of very good money markets.

http://www.forbes.com/funds/Tearsheet.jhtml?tkr=PBMXX

https://personal.vanguard.com/us/FundsSnapshot?FundId=0030&FundIntExt=INT

DaKCMan AP
03-17-2008, 01:13 PM
That's great for a savings account. Is there a minimum balance? Here are a couple of very good money markets.

http://www.forbes.com/funds/Tearsheet.jhtml?tkr=PBMXX

https://personal.vanguard.com/us/FundsSnapshot?FundId=0030&FundIntExt=INT






No minimum balance (I don't think) but it's linked to a checking account. When I opened it a year ago it was at 5% but it's variable and, with everything else, has been declining.

I have a couple of CDs coming due soon. I'll have to take a look at those MMA's.

Cave Johnson
03-17-2008, 01:31 PM
$16K currently, until I have to pony up for taxes on contractor income. But I have $35K or so in the pipeline.

Seems like DaKCMan and I have the same account type, at Washington Mutual. http://www.wamu.com/personal/savings_account/online_savings_account/default.asp

DaKCMan AP
03-17-2008, 01:35 PM
Seems like DaKCMan and I have the same account type, at Washington Mutual. http://www.wamu.com/personal/savings_account/online_savings_account/default.asp

That's the one.

Mr. Plow
03-17-2008, 01:39 PM
What are these "Savings account" things that you guys are talking about?

Sure-Oz
03-17-2008, 01:40 PM
I seem to pull from my savings alot lately then paying back and putting it back in checking, freakin annoying

DaKCMan AP
03-17-2008, 01:41 PM
I seem to pull from my savings alot lately then paying back and putting it back in checking, freakin annoying

I hardly use the checking account. I keep a little in there in case I need to write a check, but if anything big comes along I just transfer it over from savings. I pay all my bills straight from the savings.

Cave Johnson
03-17-2008, 01:47 PM
I pay all my bills straight from the savings.

Had no idea that was even an option. Interesting...

eazyb81
03-17-2008, 01:50 PM
Anyone use the strategy of paying all monthly bills using a CC to gain the FF miles or some other frequent-use benefit, then paying it all off at the end of the month?

I'm thinking about doing this.

beach tribe
03-17-2008, 01:51 PM
Anyone use the strategy of paying all monthly bills using a CC to gain the FF miles or some other frequent-use benefit, then paying it all off at the end of the month?

I'm thinking about doing this.

Me too, for the credit.

gblowfish
03-17-2008, 02:16 PM
I use Discover to pay for lots of stuff I'd buy anyway, like gas, groceries, dining out, etc. Pay King Carl that way too. I pay the statement off every month, and get back some pretty good bucks over the course of a year.

Trick is, you have to pay it off every month or you'll go down in flames in a hurry.

Sure-Oz
03-17-2008, 02:17 PM
I hardly use the checking account. I keep a little in there in case I need to write a check, but if anything big comes along I just transfer it over from savings. I pay all my bills straight from the savings.

I wish i could do that, so hard to save with a gf and multiple bills but i am getting better at saving lately. I just need to stash it in savings and pretend it isn't there. Maybe even open up a sep. savings acct.

Bill S Preston
03-17-2008, 02:18 PM
2.3 millions barter dollars.

El Jefe
03-17-2008, 02:27 PM
Quote:
Originally Posted by eazyb81
Anyone use the strategy of paying all monthly bills using a CC to gain the FF miles or some other frequent-use benefit, then paying it all off at the end of the month?

I'm thinking about doing this.


beachtribe
Me too, for the credit.


Most definetely it has a lot of benefits. I do it for the credit also.

vailpass
03-17-2008, 02:37 PM
About 10 cc. Woulda' had more if their video collection was better.

DTLB58
03-17-2008, 02:56 PM
I see Dave Ramsey is coming to KC in May. Would it be worth the cost of travel to go to a seminar?

Absolutely IMO

We followed his plan to the tee and paid off $40,000 in 18 months.

DTLB58
03-17-2008, 02:59 PM
A 13% match on a 16% contribution? That is amazing.

I usually see a maximum 3% match on a 6% contribution.

I know, it's my wife's employer that matches up to 10%

beach tribe
03-17-2008, 03:42 PM
Absolutely IMO

We followed his plan to the tee and paid off $40,000 in 18 months.

No shit? Wow.

Sure-Oz
03-17-2008, 03:47 PM
My company matches up to 6% and i contribute 6%, free money is good

Sure-Oz
03-17-2008, 03:48 PM
Absolutely IMO

We followed his plan to the tee and paid off $40,000 in 18 months.

Good lord....

Mr. Plow
03-17-2008, 05:15 PM
Absolutely IMO

We followed his plan to the tee and paid off $40,000 in 18 months.


After refinancing our house and our tax return, debt isn't our issue. We do have one small loan and a couple credit cards (most of them paid off, but keeping for emergencies) and one car payment. My concern, and maybe I'm starting early....or late for that matter.....but I'd like to get to the point of where I am putting something back for retirement.

POND_OF_RED
03-17-2008, 05:36 PM
$580.23 once I cash out my casino cash.

CHIEF MARLBORO
03-17-2008, 05:41 PM
I have exactly $647.36 underneath my mattress.

The banks have blackballed me since I am on ChexSystems.

ChiefaRoo
03-17-2008, 05:47 PM
I hope for your sake that when you say savings account you mean money market. Otherwise you're missing out on about 3 -4% in interest every month.

Actually money markets are around 2.5% to 2.75% right now. Still better than regular savings which makes you virtually nothing.

KCChiefsMan
03-17-2008, 05:52 PM
well I just got an email saying that I have inherited over $300 million dollars from some relative I never heard of in Africa. So once I give these guys all my info I should have about $300 mill in my bank account baby!

88TG88
03-17-2008, 06:06 PM
Couple grand, like about 2.

Mr. Plow
03-17-2008, 06:10 PM
Couple grand, like about 2.


I'll need your acct # to verify. Please supply me with password for access.

Bill Lundberg
03-17-2008, 06:38 PM
Actually money markets are around 2.5% to 2.75% right now. Still better than regular savings which makes you virtually nothing.

I'm getting 3.24% on mine right now. A far cry from the nearly 5% it was getting a year ago

Calcountry
03-17-2008, 07:22 PM
I don't trust banks, look at what happened to Bear Stearns.

88TG88
03-17-2008, 07:31 PM
I'll need your acct # to verify. Please supply me with password for access.

Ok, I'll send it along with my ssn, birth certificate, and some headshots.

Halfcan
03-17-2008, 07:42 PM
I hate banks.

beach tribe
03-17-2008, 07:56 PM
I have exactly $647.36 underneath my mattress.

The banks have blackballed me since I am on ChexSystems.

Ahh the toothless wonder returns.

Saving up for a silver spitune for your wife?

Mr. Plow
03-17-2008, 08:01 PM
Ok, I'll send it along with my ssn, birth certificate, and some headshots.


Please include your actual drivers license, a copy of your last tax return information, and a DNA sample.

BWillie
03-17-2008, 08:36 PM
$11,500. Which is stupid to have a tiny interest bearing checking account. I need to find out something better to do with my money, but I'm about ready to write a big check to take care of the majority of my student loans. Once I have no student loans I will have no debt whatsoever. No car payment, no house payment, no school loans, no credit card debt. I can spend it all on sex, drugs and rock and roll.

BWillie
03-17-2008, 08:39 PM
I hate banks.

Imagine the guy that came up with a bank. He had to do alot of convincing. He'd have to be like...

Alright check this out. You are going to give me your money, and I'll keep it. Then I'll give it out to other people, and make money off of it. Then, if you are lucky, I'll give it back to you. Sound good?

stlchiefs
03-17-2008, 11:30 PM
Anyone use the strategy of paying all monthly bills using a CC to gain the FF miles or some other frequent-use benefit, then paying it all off at the end of the month?

I'm thinking about doing this.

Yep. I find this to be a good plan if you are sure you can pay off the CC every month. Here's how I work it:

I pay all my bills with my Chase CC and earn anywhere from 1-3 points per dollar spent (depending on the place of purchase).

I keep all my money in an online savings account earning interest the entire month. The week my CC bill is due I transfer funds from my online savings account to me online checking account and then make my CC payment.

With my Chase CC I can cash in $10,000 points for a $100 check, which I'm able to do every few months. Not a bad deal IMO.

stlchiefs
03-17-2008, 11:39 PM
$11,500. Which is stupid to have a tiny interest bearing checking account. I need to find out something better to do with my money, but I'm about ready to write a big check to take care of the majority of my student loans. Once I have no student loans I will have no debt whatsoever. No car payment, no house payment, no school loans, no credit card debt. I can spend it all on sex, drugs and rock and roll.

Everyone has to make their own decisions when it comes to finances and paying off loans, but I would mention to you that depending on the interest rate you are paying on your student loans it may be more financially beneficial to you to not pay off the loans early, but rather invest the money.

Traditionally, student loans have very low interest rates and if you can obtain a higher return while investing the money than the rate of interest you are paying on the loans you come out ahead. Granted investing offers no guarantees, but if you contribute to a matching 401k or invest in a lower risk mutual fund and obtain a return greater than the 4-5% interest rate on your loan you're better off.

Just a thought.

El Jefe
03-18-2008, 11:51 AM
I don't trust banks, look at what happened to Bear Stearns.

Good point, but I dont trust thieves either.

El Jefe
03-18-2008, 11:52 AM
Everyone has to make their own decisions when it comes to finances and paying off loans, but I would mention to you that depending on the interest rate you are paying on your student loans it may be more financially beneficial to you to not pay off the loans early, but rather invest the money.

Traditionally, student loans have very low interest rates and if you can obtain a higher return while investing the money than the rate of interest you are paying on the loans you come out ahead. Granted investing offers no guarantees, but if you contribute to a matching 401k or invest in a lower risk mutual fund and obtain a return greater than the 4-5% interest rate on your loan you're better off.

Just a thought.



Interesting.

KurtCobain
03-18-2008, 11:54 AM
i be in that debt baby about 6 or 7k

blueballs
03-18-2008, 12:03 PM
Marborl Chief put all his money in gold
the new molars would make Chad Johnson jealous

Cave Johnson
03-18-2008, 12:08 PM
Traditionally, student loans have very low interest rates and if you can obtain a higher return while investing the money than the rate of interest you are paying on the loans you come out ahead. Granted investing offers no guarantees, but if you contribute to a matching 401k or invest in a lower risk mutual fund and obtain a return greater than the 4-5% interest rate on your loan you're better off.

Mine are at 2.75%. The economy would have to go to hell in a handbasket before it would make any sense for me to pay it off early.

BWillie
03-18-2008, 05:15 PM
Mine are at 2.75%. The economy would have to go to hell in a handbasket before it would make any sense for me to pay it off early.

Where do you get your student loans at? Have you consolidated? That is an amazing rate. I have a pretty good rate..I think about 4.75% but jeez. I need to contact those guys.

And I don't know enough about investing money to know what to do with 11,500. I just hate having debt. It's like a nagging reoccuring thought in the back of my mind of something I have to do. I think I'd like the peace of mind knowing it was gone rather than making a few hundred dollars in addition to the interest I'm paying.

Rain Man
03-18-2008, 05:21 PM
Right now, I'm moving a lot of my money to Madagascar.

Deberg_1990
03-18-2008, 05:22 PM
3,456,987.25

Bowser
03-18-2008, 05:28 PM
After this round of free agency, AL Davis has exactly $219.17.

Mr. Flopnuts
03-18-2008, 05:29 PM
After this round of free agency, AL Davis has exactly $219.17.


Bastard!!!!! You beat me to it. I was about to post the phone call he got from his bank saying his account was overdrawn.

Rain Man
03-18-2008, 05:50 PM
You gotta figure that some doctor told Big Al that he's entering the final countdown, so he's blowing everything he's got for a Super Bowl. You can't take it with you, especially since paper money burns at 459 degrees.

Donger
03-18-2008, 05:57 PM
How much do I have in the bank?

Precisely the amount I want to be in there. No more. No less.

Bowser
03-18-2008, 05:59 PM
How much do I have in the bank?

Precisely the amount I want to be in there. No more. No less.

I picture you as a man that suffers from severe OCD. True?

Bowser
03-18-2008, 06:01 PM
Bastard!!!!! You beat me to it. I was about to post the phone call he got from his bank saying his account was overdrawn.

I knew that 30 wpm I bang out would come in handy one day. :D

Donger
03-18-2008, 06:01 PM
I picture you as a man that suffers from severe OCD. True?

What's OCD?

Bowser
03-18-2008, 06:02 PM
What's OCD?

http://en.wikipedia.org/wiki/OCD

Donger
03-18-2008, 06:05 PM
http://en.wikipedia.org/wiki/OCD

Heh. I was just looking at that.

No, not really. I like things to be a certain way, but I don't obsess over them if they are not. My wife, however...

I'm more of a compulsive planner. As a friend once said, "Donger loves spontaneity, as long as it's thoroughly planned out in advance."

Bowser
03-18-2008, 06:05 PM
What's OCD?

Basically, a person who needs everything to be in exact order everyday, or you get extremely agitated. And, you wash your hands a bunch everyday.

Bowser
03-18-2008, 06:06 PM
As a friend once said, "Donger loves spontaneity, as long as it's thoroughly planned out in advance."

Don't we all. :D

Donger
03-18-2008, 06:09 PM
Basically, a person who needs everything to be in exact order everyday, or you get extremely agitated. And, you wash your hands a bunch everyday.

Since I travel almost every week, I do take precautions. I do wash my hands frequently and I use hand sanitizer liberally when I fly. I've thought about wearing a surgical mask (even bought some) to wear on the plane as a semi-gag, but thought that I'd probably be arrested.

The first thing I do after going through security is to break out that deadly liquid and douse my hands with it. I have six one ounce containers that I put in my baggie.