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crewe · Jun 14th, 2009, 07:44 PM

Originally Posted by materialgurl

I'm 23... I own a loft with my bf.. so I'm just over half a million in debt...
i have just $1500 in RRSP (states version of 401k?), I have a few thousand in 2 pensions from my work.
I have basically nothing in savings
We have around $5000 in checkings
And I have around $4000 in cc debt/student loans
We make what I consider very good money for a young couple... def well into the 100k so I am not worried =P Plus I just graded in December!

omg materialgurl mind if i ask what do yo do for a living?? i wish i could own my own place now!

Gimmethebag · Jun 14th, 2009, 10:02 PM

Shy Violet, thanks for the info! I guess once we get married we'll have to take care of that ASAP.

I just know that right now, the tax deduction is pretty sweet. It's hard to give it up when I can focus more on paying down my car.

strife00 · Jun 16th, 2009, 12:44 AM

18, with a pitiful minimum wage job and incredibly inconsistent hours. ugh!
checking:$18
savings:$3000

As long as I have $50 in my checking, I put the rest into my savings.
unfortunately, all my hard work will be poured into moving/some rent soon, then I have to start all over

kikij · Oct 26th, 2009, 01:56 AM

I'm 21 and have about $5000 in my superannuation account and $3000 in my savings...it would be a lot more (I'd be up to about $11,000 in savings) if I didn't go overseas earlier this year...actually that's quite a depressing thought. I owe $8000 on my car and by the time I graduate next year I'll have about a $30k uni debt.

I'm not worried though, I'll have my car debt paid off by mid next year (unless something terrible happens like losing my job) and the uni debt is to my dad so I'll only be paying a tiny amount of interest on it.

PANda_USC · Oct 26th, 2009, 06:52 PM

I'm 23...

Haha..I have nothing saved but eh..living at home and the job pays for the cell phone...plus..no debt...I don't even have a credit card..just a debit card so I can only spend what I have in the account...I think I'd be really out of control if I had a credit card...oh..and the parents still pay for the car's maintenance..thank goodness for my parents' generosity

Grandfather was kind enough to give me a Trust Fund of $XXX,XXX but I didn't do the saving so I guess it doesn't count..but cant access it until I'm 25 so maybe it still counts as savings? ^_^

Pigeu · Oct 28th, 2009, 09:32 PM

Just turned 22..

debt: uni $26k
savings: $3k in Holt Renfrew gift cards.. does this count? lol; $400 in bank account; $1k in piggy bank
job: less

Odette · Oct 29th, 2009, 12:31 AM

25...newly divorced

$76k in student loan debt (undergrad & graduate business school)
$2k savings
$10k in retirement plan through work
$5k credit card debt

mocha.lover · Nov 7th, 2009, 05:08 PM

19 / College Sophomore

Checking: $6
Savings: $2301
Owe Private College: $17,500 (when I graduate) <-- Luckily I got a scholarship that renews every year!

I'm teaching cello as a side job, two hours a week and I only started working a little before summer ended. Previous to that, my parents didn't give me any sort of allowance.

BTBF · Nov 7th, 2009, 07:24 PM

Originally Posted by tory_c

It's all thanks to my parents to be honest.

Regular Savings:
My parents had me open a bank account when I was 12. I'd get 100-150 in allowance and they'd make me put it in the bank and would match it. At 15 I started working. They didn't let me spend anything they would make me put it in the bank and would match that.

Emergency Savings:
My grandma left my mom her 2 homes and my mom rents them out. She gives me most of the money from that. She was recently re-diagnosed with breast cancer so she's been kind of obsessed with making sure i'd have something in the bank if she were to pass.

My cd money was from my grandma. I haven't needed it though. I receive merit scholarships and only pay about 12k a semester and my father insists on covering that so i'd have that money for grad school if I decide to go.

The IRA money is from my mother.

And on having no debt. At 18 I got myself a secured visa and used it for about a year and built up great credit then I bought myself a car. I ended up getting a great rate and I had a good down payment I put down 60% which was 8k and paid off the rest quickly. I don't really charge much to my cards. Every other month or so I charge a few books or dvds so I can get rewards points but thats about it.

I don't think you should count the money from your mother and grandma. I think it is more about what you make and what you make(save) out of it.

Kudos to your Regular Savings and what a great idea your parents had.

glistenpearls · Nov 7th, 2009, 11:13 PM

I'm 32; married and has full time job.
We have no tuition debt because our parents paid for them, therefore we never borrow student loan.
The only debt we have now is the mortgage for our house.

About $20K savings (my own account), DH's account has another $20K (well..last time I checked was a year ago, he maybe has more now? because we don't have joint account).
I only have $1140 in my IRA because I don't believe in one.

flashy.stems · Nov 8th, 2009, 04:05 AM

i'm 19.
i have saved, on my own, around 40gs now.
i also have a forced savings account with my parents, and they match what i put into it (around 1000 per month)
i also have a trust fund that kicks in later on in life.

i have a really great job.. thank goodness. and i don't have many expenses as i'm quite spoiled.

addictedtopurses · Nov 8th, 2009, 11:51 AM

32, married
our only debt is our mortgage
between savings, IRAs, etc we have a good amount.

Little Tiger · Nov 8th, 2009, 12:19 PM

I have bypassed this thread previously as I didn't want to scare myself!

Pension is fine, mortgage is fine, but I really have nil savings at present.

A lot of the house is paid off but everything else has gone pear shaped (but no debt other than mortgage).

SaraDK · Nov 8th, 2009, 03:52 PM

I'm 23 and a university-student
Checking acount: 500$
Savings: 1000$
And a little pension, but nothing big.
As long as I study I just want it to run around, I'll start saving when I graduate..

veggiegrlnc · Nov 9th, 2009, 06:15 PM

28 and a teacher/grad student. no consumer debt, student loans or car loans. I have a mortgage on my townhome.

13.5K in savings

2K in checking

I contribute 6% to state retirement and an additional 100 a month to 403b.

Jun 14th, 2009, 10:02 PM	#92
Gimmethebag Gimme Gimme Gimme Joined: Dec 2008 Location: STL-Nashville-Chicago Posts: 1,108	Shy Violet, thanks for the info! I guess once we get married we'll have to take care of that ASAP. I just know that right now, the tax deduction is pretty sweet. It's hard to give it up when I can focus more on paying down my car.
	__________________ Add Bubbles To Taste Follow me.

Jun 16th, 2009, 12:44 AM	#93
strife00 BBags & Macs = <3 Joined: Aug 2007 Location: Boston Posts: 308	18, with a pitiful minimum wage job and incredibly inconsistent hours. ugh! checking:$18 savings:$3000 As long as I have $50 in my checking, I put the rest into my savings. unfortunately, all my hard work will be poured into moving/some rent soon, then I have to start all over
	__________________ *Geek+Fashion=Miss Geek* (my blog) Searching for my latest HG(s).. '05-'08 Black Work or '07 Violet Weekender PM me if you see one please! + My Collection '06 Ink City '08 Electric Blue Make Up '08 Sapphire Money Wallet '08 Electric Blue GSH Day UGH Black Togo Birkin PH 35 08 Pre-Fall Chanel Purple Jumbo Flap

Oct 26th, 2009, 01:56 AM	#94
kikij chanelchanelchanel Joined: Jun 2009 Location: Sydney, AUS Posts: 30	I'm 21 and have about $5000 in my superannuation account and $3000 in my savings...it would be a lot more (I'd be up to about $11,000 in savings) if I didn't go overseas earlier this year...actually that's quite a depressing thought. I owe $8000 on my car and by the time I graduate next year I'll have about a $30k uni debt. I'm not worried though, I'll have my car debt paid off by mid next year (unless something terrible happens like losing my job) and the uni debt is to my dad so I'll only be paying a tiny amount of interest on it.
	__________________ my wishlist: chanel jumbo classic flap in black caviar w/ silver hw chanel paris-moscou collection black enamel heart necklace chanel black quilted tote w/ mademoiselle lock mulberry bayswater in lipstick antiqued leather

Oct 26th, 2009, 06:52 PM	#95
PANda_USC ♥ Strass CL Hunter ♥ Joined: Aug 2009 Location: Pacific Heights in San Francisco Posts: 2,342	I'm 23... Haha..I have nothing saved but eh..living at home and the job pays for the cell phone...plus..no debt...I don't even have a credit card..just a debit card so I can only spend what I have in the account...I think I'd be really out of control if I had a credit card...oh..and the parents still pay for the car's maintenance..thank goodness for my parents' generosity Grandfather was kind enough to give me a Trust Fund of $XXX,XXX but I didn't do the saving so I guess it doesn't count..but cant access it until I'm 25 so maybe it still counts as savings? ^_^
	__________________ Shopping List 2009-2010 CHANEL: Jumbos Red C GHW, Navy C SHW\| M/L Beige C GHW\| 227 Matte Black Reissue GHW CL's: RR's Fuxia Glitter, LS Black w/Gold Strass, R Black Patent, B Nude Patent UHG's: Chanel M/L Fuchsia SHW or GHW, CL LC Aurora Borealis Strass and Fire Opal Strass, CL LC Stars Black My Yorkie S'mores** Last edited by PANda_USC; Oct 26th, 2009 at 06:55 PM.

Oct 29th, 2009, 12:31 AM	#97
Odette Member Joined: Aug 2007 Posts: 4,995	25...newly divorced $76k in student loan debt (undergrad & graduate business school) $2k savings $10k in retirement plan through work $5k credit card debt
Odette Member Joined: Aug 2007 Posts: 4,995	__________________

Oct 28th, 2009, 09:32 PM	#96
Pigeu is waiting... Joined: Jan 2009 Location: ON - Canada Posts: 126	Just turned 22.. debt: uni $26k savings: $3k in Holt Renfrew gift cards.. does this count? lol; $400 in bank account; $1k in piggy bank job: less

Nov 7th, 2009, 05:08 PM	#98
mocha.lover ♪ ( ´з｀) ♪ Joined: Mar 2009 Location: San Francisco, CA Posts: 162	19 / College Sophomore Checking: $6 Savings: $2301 Owe Private College: $17,500 (when I graduate) <-- Luckily I got a scholarship that renews every year! I'm teaching cello as a side job, two hours a week and I only started working a little before summer ended. Previous to that, my parents didn't give me any sort of allowance.

Nov 7th, 2009, 11:13 PM	#100
glistenpearls Ex-Sydneysider Joined: Sep 2006 Location: Austin, Texas Posts: 1,057	I'm 32; married and has full time job. We have no tuition debt because our parents paid for them, therefore we never borrow student loan. The only debt we have now is the mortgage for our house. About $20K savings (my own account), DH's account has another $20K (well..last time I checked was a year ago, he maybe has more now? because we don't have joint account). I only have $1140 in my IRA because I don't believe in one.
	__________________ Wishlist: Nothing!! Saving up for London.. 10C Caviar Bleu Roi Jumbo coming in 11/23/2009 Follow me @ my blog GLISTENPEARLS

Nov 8th, 2009, 04:05 AM	#101
flashy.stems Hermès Hottie Joined: Jun 2009 Location: Canada Posts: 2,010	i'm 19. i have saved, on my own, around 40gs now. i also have a forced savings account with my parents, and they match what i put into it (around 1000 per month) i also have a trust fund that kicks in later on in life. i have a really great job.. thank goodness. and i don't have many expenses as i'm quite spoiled.
	__________________ “I’m the worst wife in the cooking department. I always thought you can’t be good at food and sex, but you can always order the food in. I’d rather he didn’t order in the sex.” "You can never be too rich, too thin, or have too many handbags." UHG!!! CL Black Mad Mary 37

Nov 8th, 2009, 11:51 AM	#102
addictedtopurses Stars Hollow Joined: Feb 2006 Posts: 2,070	32, married our only debt is our mortgage between savings, IRAs, etc we have a good amount.
	__________________ Thankful for what I've got! Last edited by addictedtopurses; Nov 8th, 2009 at 11:56 AM.

Nov 8th, 2009, 12:19 PM	#103
Little Tiger Member Joined: Dec 2007 Posts: 208	I have bypassed this thread previously as I didn't want to scare myself! Pension is fine, mortgage is fine, but I really have nil savings at present. A lot of the house is paid off but everything else has gone pear shaped (but no debt other than mortgage).
Little Tiger Member Joined: Dec 2007 Posts: 208

Nov 8th, 2009, 03:52 PM	#104
SaraDK Addicted! Joined: Aug 2007 Location: Denmark Posts: 1,775	I'm 23 and a university-student Checking acount: 500$ Savings: 1000$ And a little pension, but nothing big. As long as I study I just want it to run around, I'll start saving when I graduate..
	__________________ Love my goodies: http://forum.purseblog.com/your-bag-showcase/saras-small-and-mixed-collection-173846.html

Nov 9th, 2009, 06:15 PM	#105
veggiegrlnc Member Joined: Jun 2008 Posts: 105	28 and a teacher/grad student. no consumer debt, student loans or car loans. I have a mortgage on my townhome. 13.5K in savings 2K in checking I contribute 6% to state retirement and an additional 100 a month to 403b.
veggiegrlnc Member Joined: Jun 2008 Posts: 105

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