Women of Reddit, how much money in savings feels comfortable?

37 comments

1. 5-10k

2. 5k for my emergency fund, preferably closer to 10k

3. 33, House is paid off, 2/3 of our vehicles are paid off, realistically I think 100-125k would have us set for at least a year

4. I’m 20. I’d feel comfortable having around 4 months of living expenses in savings.

5. I’ve got 40k and I go into a panic when I think about it. It’s not enough. My ex and I separated 2 years ago, we had only 8 years left on the mortgage. My parents bought him out for me (forever thankful) but my mortgage got refinanced for another 25yrs!!!!!!! For that to happen at 46, it’s soooo overwhelming. Plus my kids are 12 and 15, so post secondary is right around the corner. My backyard fence is falling…..so although it sounds impressive it’s not.

   For me to feel comfortable, I’d say around 75k.

6. Three months worth of monthly expenses.

7. Any. I grew up poor, I’m now disabled and on benefits. Having ANY spare money is incredible to me.

8. Lol, I’m lower class and incredibly happy with 1,5k. I rent, I don’t have a car and I have no debt, so I have no potential, sudden expenses to worry about, and if I ever find myself out of business, I’ll just get unemployment benefits. But 1,5k would still get me through two months of rent, bills and food, so I’d be in no hurry to sort the unemployment insurance and stuff out. It also allows me to get a new PC (needed for my work) if my current one breaks down. Good enough for me.

9. Six months of basic recurring expenses. I’m in my 40s.

10. I have 16k in my “normal” savings account after moving 25k into a high-yield savings account I don’t plan on accessing while interest grows.

11. I keep exactly 125k set aside in case anything happens.

12. At a minimum enough to cover 3mo of our expenses; food, mortgage etc. I however feel more comfortable keeping enough to cover 6mo.

13. £60k-75k.

    Enough for 2 years of accomodation costs, legal bills and living expenses. I’m 28.

14. I’m 28 and have 22k in a HYS earning 5.15% APY and $3.7k in an everyday savings in case I need to transfer money to my checkings asap. I’m comfortable if my lowest gets down to 15k.

15. Whatever will pay the bills for a minimum of 6 months.

16. Los Angeles, 28 yo, I would start to panic if my liquid savings dropped below 10k

17. [removed]

18. 3 months of expenses is a bare minimum. Ideally 6 months.

19. I’m comfortable with $10k in emergency and another $5k for various savings accounts like vacation, car maintenance/insurance, surprise bills that aren’t an emergency like large vet bills, etc.

20. I stress when it drops below 60K

    ETA: I’m 36, 60K regular savings (not retirement, that’s much more)

21. 6 months of expenses is the rule. Source: my uncle is a very successful financial advisor

22. Emergency fund: $15k
    Misc saving: $3k (as long as I’m not saving for something specific).

    I’m 31

23. 10k

24. Six months worth of expenses and 1-2k on top of that to death with any day to day emergencies.

25. 20k

26. 1,000-4,000

27. Enough to replace my car if it died suddenly.

28. I have 150k in a high interest savings cd

    And 150k in a diversified investment portfolio

    I am still not comfortable…

29. Right now, $5k would be nice. Once I’m done paying off my debts, then around $30k will be my goal.

30. 28. Liquid savings I never go below 30k but am usually holding at least 50.

31. You guys have savings?!

32. I’m 22, work min wage (15.60) and live at home for $300 CAD rent a month. Currently at 17k in savings and 2k in my tax free savings account. I’ll feel better once I hit 25k in savings + whatever my TFSA will be at (currently adding $25 a week to it).

    I need to get wisdom teeth removed (1k per tooth bc no coverage), pay ab 6k for MOA certification course. So it’ll be a while before I manage to hit my “comfortable” threshold. Hopefully I get there before my parents retire and move a province over for cheaper living costs.

33. 6-10k.

34. 5-10k is enough to get me through some bad months. Ideally it never comes to that, but it’s enough to cover you for enough time to get things sorted.

35. 30s.. I think at least 5M.

    I don’t think I’d feel comfortable/secure spending money if I had less than that.

36. 6 months worth of all expenses to run my life. Mortgage, gas, utilities, food, everything.

37. It’s probably from growing up/living poor, but it’s hard to believe that savings such as these mentioned are feasible/possible with people around my own age.

    Realistically, I’m just thankful to have bills paid from month to month. Even with some college and a “decent” paying job, it’s hard to build a nice savings.