How much do you need in the bank to feel secure?

Answer 1

i think about a year or two of savings.

Answer 2

Sorry, the bank account hasn't worked for over thirty years.

Just doesn't pay enough interest to cover the creeping costs of living.

Ever wonder why three or four roommates pile into a small apartment? Happening everywhere, because they can't afford to pay over a thousand bucks a month for rent (on their own).

Even a hundred thousand bucks won't make you feel secure, unless you happen to live in an area where cost of living is affordable.

Answer 3

I need 9 to 12 months income saved incase of emergencies... PLUS...I keep $2000.oo in each checking account unregistered in case I make errors. This ensures no overdraft EVER if I happen to make a mathmatical error.

I feel very secure !!

Answer 4

An economist says that a person should have at least five months income saved in the bank.In the case that you ever loose your job or have an emergency you should be able to live within your means until you are back to normal.

Answer 5

$50,000 cash does it for me.

Keep this money in an internet bank like ING or Emmigrant Direct. They pay about 5% interest and I make $215 a month just in interest.

Answer 6

4 million

Answer 7

IT matters. If you want to save then put more in. If you want spend it all on random things, u don't need one. Just put in 5000 to start.

Answer 8

One year worth of expenses.

Answer 9

At least three month's income.

Answer 10

3 million and then i will start to take it easy.