Ask Experts Questions for FREE Help !
Ask
    yona26's Avatar
    yona26 Posts: 3, Reputation: 1
    New Member
    		  
    #1

    Aug 17, 2009, 09:32 AM
    Bank account
    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's Avatar
    stevetcg Posts: 3,693, Reputation: 353
    Ultra Member
    		  
    #2

    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.
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

My bank account got red flag I need my money who can I call for the bank to relase it [ 6 Answers ]

I have a over sea investment account that I have had for many years now. I am in some financial problem and need to liquidate that account. It a very large some of money. I got the account wire transfer to my bank account. I knew the bank would red flag it because of the large amount but now it...

Bank account seized. Received nationwide checks for claim (in account) can these be e [ 2 Answers ]

Small claims ct. seized bank account. Want to vacate nationwide claim checks for house repair from storm and vandalizim (can these be exempt funds?)

Bank Account Levy, joint account [ 1 Answers ]

Today, a levy was placed on the joint account of myself and my wife, for a debt she had from a credit card company. Once I found out, I called her and had her call the lawyer, who then told her to dispute it, she would have to send a certified letter to the court, as well as the plaintiff, as to...

When new capital is introduced, is it entered in the capital account or bank account? [ 1 Answers ]

When new capital is introduced, is it entered in the capital account or bank account?

SSI and bank account [ 1 Answers ]

I have had an excellent credit rating all my life but at age 48, I am now on SSI disability and am worried I may not be able to keep paying on my $10,000 credit card debt. Knowing from reading other questions here, creditors cannot touch SSI but can go after a bank account after SSI sends a...

View more questions Search