-How much savings do you currently have? How did you get there (like what are your methods for saving?)
-About how much do you expend per month?
-Do you have a 401k or something equivalent?
-How old are you?
I have a small 401k, am 29, just got laid off/discharged ten minutes ago (my boss's daughter is taking my place) and my have enough savings to last me for 7 months at my current lifestyle (though I owe a hospital a pretty penny). Pretty sure I would need like million dollars to feel completely safe though. I spend about 2 grand a month considering rent, utilities, etc., - but could probably pare it down to 1800 if needed. I got to where I'm at with savings by paying myself first always - even before bills, I've always had a set amount I put away each pay period. I keep track of it on a savings thermometer of sorts I made myself on posterboard which is surrounded by pictures of things I want (house, babies, etc.) to motivate me. ( Collapse )