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yona26
Aug 17, 2009, 09:32 AM
How much money should I have in my bank account?
I am 28 living in manhattan, Earn $46000 a year. Working for 2 years. Rent is $750 plus utilities is another $200. Bought a car for $10000 last year. Car insurance is $200 a month. Living expenses are $700.. food, dog, clothes, gas, etc.
Approx?



Additional Details
No health insurance. Car in manhattan I drive to work. Livng expenses is different every month.. anybody in nyc that has an idea?

stevetcg
Aug 17, 2009, 09:47 AM
How much SHOULD you have? $9200 is a good number. 10% of your gross income into savings.

But its probably not realistic.

I try to put aside $500 a month for "whatever" savings, above retirement and college savings for the kids. Makes for good vacations and discretionary spending accounts.