How Much Money Is In Your Bank Account?
- Thread starter JimmyWa11
- Start date
Your dad is bleeding you dry on that Netflix acct
i hide money, how much i really make, how much i'm putting away in 401k. how much i have in 401k. and what my credit card limits actually are. that last one is a biggy. if she only knew what she could actually charge. whew. it's just like money right.... working so far.
Isn't that kind of sad? You basically just said that you don't respect or trust your wife.
crazy has no sense of humor. it's the internet man. everyone is lying. don't you get it. no great marriage is founded on trust man. a woman doesn't want you to tell them the truth. they want you to tell them what they want to hear. you haven't been around many women have ya crazy
My VALIC adviser told me to keep working until 2020 to max out on my state pension and have enough through VALIC to basically have the same income then as I have now. I'm single, and I have a bad heart. Told him thanks for the advice but I don't see myself working until 2020 when I could have retired in 2015. 4 figures in checking, five figures in savings (threw my divorce settlement in there and ignored it), and six figures in retirement. Right now, I'm worth more dead than alive (insurance), so I'm staying alive just to spite my siblings!
Best advice I can give you young guys here. Load up on term life insurance while you're in your 20's/30's. Avoid whole life like the plague. My ex wife bought whole life when she turned 18 and paid her $21.00 a month religiously since then. She's now 47. Still has her original policy paperwork. Face value of her policy is $25,000. By now, she should have had $237,000 of value according to her policy. Trust me, it's nowhere near $237K!
My 3 term policies expire in 2030 if I'm still alive (credit union, job, VGLI) I can extend my VGLI, but not 460 dollars per month worth.
Best advice I can give you young guys here. Load up on term life insurance while you're in your 20's/30's. Avoid whole life like the plague. My ex wife bought whole life when she turned 18 and paid her $21.00 a month religiously since then. She's now 47. Still has her original policy paperwork. Face value of her policy is $25,000. By now, she should have had $237,000 of value according to her policy. Trust me, it's nowhere near $237K!
My 3 term policies expire in 2030 if I'm still alive (credit union, job, VGLI) I can extend my VGLI, but not 460 dollars per month worth.
I live with a wife, 2 daughters, a ***** and a female cat. I got more estrogen floating around my house than all of thr paddock combined.
Maybe they just see thru my BS better than thr clueless women in your life. Brah.
50% of all marriages end in divorce. If you have any money going into marriage, you should have a pre-nup.
You're a damned drain on society. YOu need to be ritually sacrificed.
I am one of those old geezers who lived strictly by the old formula of staying out of debt. I paid cash for everything, including any cars I bought (always used cars). The only thing I would go in debt for was buying a house a couple of times. I've never paid a bill late my entire life. I didn't use credit so I never even kept track of my FICO score. I just assumed I had great credit.
Back in the 90s I decided to try to buy a repo house at a tax auction coming up in a couple of days. I knew it would be a steal, which it turned out to be. I went to my bank to get approval to borrow the $10K I thought I could buy the house for. Good job, debt-free, good credit - no sweat. Wrong. Found out I was too big of a risk because I had avoided debt and thus hadn't demonstrated I would actually repay a debt if I borrowed money.
I was shocked.
I
I didn't. Well... Minimal, but like jason, i had a negative net worth for a while in my early adulthood.
Dave ramsey talks about this a lot. If you have no debt, your fico score goes to 0 in about a year. If you never had debt, you don't have a fico score.
And a whole lot less arguing if you're just not married at all. Which is pretty close to what you are if you don't even combine finances.
I can't get mine past 850. Sometimes it drops to 842 or 843 depending on if I've used a credit card in the prior month.
800 credit score. That would be a dream. I've been as low as 489 and use to stay around 530 ish. Now up to a 640.
Not so, we both have bills we have agreed to pay but, whatever is left over, we can spend how we want. It is basically money for entertainment or extra frills if you will. Add in the fact that she and I have parents who did not prepare for retirement and have been using a lot of the extra money to support them. I buried my mother because my father had no money to do it. Plus the land he lives on is now mine. He could not afford it. My wife pays a lot of her mothers bills. That is where we keep the arguing down. She uses her extra money for her family and I use my extra for mine.
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We have separate accounts too. I pay all monthly bills except her student loans and then we pay for everything else individually. She goes to the grocery store she pays, I go, I pay, etc. It works for us. Definitely a better deal for her, but she makes less than me so it works out.
While you're waiting to decide what to do with the money, you can open up a Capital One 360 account, and if you have over $100K in the account you earn .90APY which will pay you over $100/month for your $127,000.
I just opened up an account a couple weeks ago for that very reason and they'll give you and me both $25 if you open an account through this link. If you have less the $100k the APY starts to drop:
https://r.capitalone360.com/PWbP74zEWf
How old were you, and did you have any assets in your name? I'm assuming you were middle-aged at least and had a home in your name? If so, and all of what you say is true, and they wouldn't loan you $10k, that would have been their last day as my bank.
Pay the credit card off every month. No car payment. Only debt I have and pay interest on is my mortgage. Did pay some interest in credit cards when I was poor as hell, but not much to really speak of. Student Loan were paid off 10 years ago (worked my rear end off in college to pay as much as I could out of my own pocket). Credit score over 800. Its just something I have taken a lot of pride in and worked hard to achieve.
Keep my checking around $3000 to pay bills with. No sense having more in it. Rest goes in savings and retirement. Wife buys the food and I pay the rest of the bills. She puts the most into our savings. I put most in retirement. We have separate credit cards and checking accounts. We agreed very early on we did not want to argue over how much the other was spending so we do not see each other's accounts. All I know is she puts in her agreed share into savings and retirement every month as I do and whatever else she does with her money I do not care. She works hard for it and its her business what she does with it. Keeps our marriage very healthy.
Retirement funds are solid and on paper we will retire very comfortably, but who the heck knows if it will be worth anything by then with the way this country's financial condition is going right now.
Keep my checking around $3000 to pay bills with. No sense having more in it. Rest goes in savings and retirement. Wife buys the food and I pay the rest of the bills. She puts the most into our savings. I put most in retirement. We have separate credit cards and checking accounts. We agreed very early on we did not want to argue over how much the other was spending so we do not see each other's accounts. All I know is she puts in her agreed share into savings and retirement every month as I do and whatever else she does with her money I do not care. She works hard for it and its her business what she does with it. Keeps our marriage very healthy.
Retirement funds are solid and on paper we will retire very comfortably, but who the heck knows if it will be worth anything by then with the way this country's financial condition is going right now.
$2500 in checking right now
$40,000 in savings
15,000 in a safe at home in case banks shut down
Dont know what my wife has in her own account... more than me though
Also, just became debt free outside of my Mortgage...took a ton of discipline and sucked at times, but the peace of mind having a savings built up and no debt makes it all worth it.
$40,000 in savings
15,000 in a safe at home in case banks shut down
Dont know what my wife has in her own account... more than me though
Also, just became debt free outside of my Mortgage...took a ton of discipline and sucked at times, but the peace of mind having a savings built up and no debt makes it all worth it.
Yeah, no way 1 credit card did that... I have had a credit card since I was 16 (Im 29 now)... just put gas on it and paid it all off every month. In college I got another and slowly added other elements for my credit....and I am at 805
Good for you. Just think how much you'd have if it weren't for all those drones.
Thanks for the info, I love all the reward programs. BofA has a good platinum program as well, a lot of perks through that.