What is your current Bank Account Balance? (Be Real)

[Cobalt Sire]

Man. I was donating plasma twice a week, 2 years straight before the bandemic.

 

[murksiderock]

In order, do you mind just stating what kinds of accounts these are?

I have two savings, a checking, a 401k, and a crypto account. But as I discussed with you prior, I'm looking to expand on my financial vehicles often as I build up...

Also a suggestion was given here recently not to have a lot of money in your savings. Do you agree with that, and why or why not?

 

[Tunez]

Big baller

 

[TEH]

One bank account

 

[malleymal]

Wife and I Have about 160,000 liquid and some stuff invested. Looking to buy a house soon

 

[winb83]

In order, do you mind just stating what kinds of accounts these are?

I have two savings, a checking, a 401k, and a crypto account. But as I discussed with you prior, I'm looking to expand on my financial vehicles often as I build up...

Also a suggestion was given here recently not to have a lot of money in your savings. Do you agree with that, and why or why not?

Top is a Fidelity investment account goes back to 2019.
Second is a M1 finance investing account from 2021.
Third is a Robinhood account from 2021.
Fouth is a SoFi account from 2019.
All of them are just places I put free money. They aren't retirement accounts just places I try and put free money to grow. I kinda regret not starting any investment accounts until 2019 outside retirement accounts.

 

[Atlrocafella]

A cool $10K in my savings account
A nice $40K in my 401K account.

My emergency savings and checking account stay on

Ain’t shyt changed much. 401K grew by about $3K since the start of this year, savings went down $3K for recent car repairs , and my emergency savings and checking account is still

 

[intruder]

Main account :
Checking: $1,600
Savings: $44K

Secondary account:
Checking : $250
Savings: $100

3rd account:
Savings: $20K

Business Account:
Checking: $0.00

Acorn account: $1,400

Bitcoin account: $3,600

401K: A little over $100K

 

[无名的]

Should cross 300k in the bank by year's end

 

[Absolut]

Should cross 300k in the bank by year's end

Hopefully you don’t mean the actual bank account because having that much sitting in a savings account is LOL

 

[wastedmermaid]

Checking - 1572
savings - 31,500
401k - 6532

 

[murksiderock]

Top is a Fidelity investment account goes back to 2019.
Second is a M1 finance investing account from 2021.
Third is a Robinhood account from 2021.
Fouth is a SoFi account from 2019.
All of them are just places I put free money. They aren't retirement accounts just places I try and put free money to grow. I kinda regret not starting any investment accounts until 2019 outside retirement accounts.

I've done some reading but sometimes I need shyt clearly spelled out for me; I don't come from a family that taught me financial literacy so as I continue to teach myself, I struggle understanding shyt...

Can you tell me the purpose behind having an investment or M1 account when you already have a 401k? Do these accounts grow at the same rate as a 401k, and can you have it set up for automatic deposits into these accounts like a 401k is automatically deposited into each check?

Hopefully you don’t mean the actual bank account because having that much sitting in a savings account is LOL

This was said on another thread recently. How much money would you keep in your bank account savings or checking, and why? I'm a novice with this stuff and until the other day I'd never heard anyone in my life say you shouldn't keep most of your money in the bank, so if you're able to break down why not for me I'd really appreciate it!

 

[MikelArteta]

I have 1,200 in my savings at the moment

 

[Artificial Intelligence]

.......................

 

[Absolut]

I've done some reading but sometimes I need shyt clearly spelled out for me; I don't come from a family that taught me financial literacy so as I continue to teach myself, I struggle understanding shyt...

Can you tell me the purpose behind having an investment or M1 account when you already have a 401k? Do these accounts grow at the same rate as a 401k, and can you have it set up for automatic deposits into these accounts like a 401k is automatically deposited into each check?



This was said on another thread recently. How much money would you keep in your bank account savings or checking, and why? I'm a novice with this stuff and until the other day I'd never heard anyone in my life say you shouldn't keep most of your money in the bank, so if you're able to break down why not for me I'd really appreciate it!

It does the least for you for at those amounts. Not growing at all. You can get WAY more out of the bulk of that by doing other things with it. Keep maybe 30k or so on hand liquid for emergencies