Show of HandsShow of Hands

Show Of Hands April 22nd, 2016 1:59pm

Do you put some money into a savings account on a regular basis?

53 Liked

Comments: Add Comment

jamjay Atlanta, Ga
04/28/16 5:58 pm

Only up to 12%.
I am very expensive.

sea California
04/23/16 9:12 pm

No. At .1% interest it's not even worth my time to transfer it from my checking into my savings.

Laserbeam Crazy bird lady
04/23/16 2:50 pm

Kind of. I only have a checking account at the bank but I put money into my IRA regularly.

CudOfCow Oregon
04/23/16 1:33 pm

One weekly paycheck a month goes into savings and stocks.

centexken Republic of Texas
04/23/16 5:48 am

If you mean a 401K then the answer is yes. If you mean a savings account at a bank, hell no.

Torfin Never Behind
04/23/16 1:52 am

I keep planning to but I keep putting it off.

wildcatfan1993 kentucky
04/22/16 4:29 pm

Not right now i will start doing that next year sometime when i get out of school

missmorganmarie ...
04/22/16 3:28 pm

40% each paycheck

ladyniner81 no hope for humanity
04/22/16 3:02 pm

If a Roth IRA counts, yeah. But I wanted to open one just to dump my extra change in to save up for things. A vacation, an apartment etc.

nolanbard1 Los Angeles
04/22/16 2:30 pm

This user is currently being ignored

raywygo Pittsburgh
04/22/16 2:25 pm

I have a 401k, Roth IRA plus I put some in savings.

04/22/16 1:12 pm

Yes! But I seem to take it out on a regular basis too😩

Krystina Let Freedom Reign
04/22/16 12:48 pm

Used to every paycheck. Then I bought a business. Now, I'm just getting by. But, I think we'll get to the point where I can save again eventually, at least I hope so. :)

cpaswr just say the letters
04/22/16 12:39 pm

Every paycheck. My wife and I put away a good chunk of money away.

fahq2 Loving Life
04/22/16 12:33 pm

My Roth 401k = my savings account

krohns Earth
04/22/16 12:21 pm

With economic collapse in future along with possible dollar collapse, saving a fiat currency seems silly to me personally.
Property, weapons, materials, supplies. Those are what people should have saved. Money only provides what you need in this current system in place.
As all human history shows, every system comes to an end, often abruptly.
The end has already begun, you can see it everywhere you look.
Take the election for example, you can tell people at their ends with how things are being run today.

Don't think that $800,000 in your 401K is going to help you unless the world somehow magically stalls where it's at in progress.

Most people's minds are living inside the matrix/system. They don't understand that true reality is lurking behind it all.

centexken Republic of Texas
04/23/16 5:52 am

Well I don't know how long the system will work so I invest in my 401k and bullets. My 401k has doubled since Glenn Beck said the system is going to collapse.

elcondor Rural Southern Indiana
04/22/16 11:36 am

A savings account in a bank? (That pays ZERO interest). No

Into a wall safe? Yes!

CoffeeNow Powderpuff Leftist
04/22/16 4:33 pm

How much does the wall safe pay?

kenzbt New York
04/22/16 11:14 am

Does a 401k count? If not then no.

biker4life Arizona
04/22/16 12:05 pm

I think it would count as a savings account.

Gunfighter06 Iowa, since 1846
04/22/16 9:13 am

Yeah. I have direct deposit, plus I occasionally deposit cash from my wallet if I build up an excessive amount.

croopertrooper Greater Cincinnati Area
04/22/16 9:10 am

Yeah most of my paycheck other than student loans, although I plan to start putting some into a Roth soon. Living at home right after college has some advantages, like not having to spend a dime on food, clothing, rent, utilities, etc.

gonk In a psychology textbook
04/22/16 8:19 pm

You've graduated from college and your parents still buy your clothes?

croopertrooper Greater Cincinnati Area
04/25/16 9:23 am

No lol I just haven't bought any clothes in forever

croopertrooper Greater Cincinnati Area
04/25/16 9:24 am

Although the last clothes I got were on Christmas and they bought them so...

Squidboy Snarkapottamus
04/22/16 8:45 am

It's the largest bite out of my income after taxes.

biker4life Arizona
04/22/16 8:35 am

Every single month

04/22/16 8:31 am

I'm in college so regularly take money OUT of a savings account

rons screw politicians
04/22/16 8:21 am

People want NOW, they are too stupid to think of the future.

leilu SoCal
04/22/16 8:18 am

No, we don't even have a savings account. We budget and track our money so our 'savings' is in our checking account. Having one account keeps things simple.

leilu SoCal
04/22/16 8:20 am

Unless you count Roth IRAs and such, we do use those types of account.

mikeyDe Marine Corps
04/22/16 8:18 am

Of corse, got to feed the body for the muscle to grow. Same thing with a Roth that you feed to see the dividends grow.

PeppyHare Do a barrel roll
04/22/16 8:12 am

My "savings" all go to reducing my student loans... I do set aside $150 a month for a down payment on a car I plan on buying next summer.

Liberty 4,032,064
04/22/16 8:26 am

I would highly advise not going into even more debt to buy a car.

PeppyHare Do a barrel roll
04/22/16 8:50 am

My car is still in good shape but on the verge of that age where it will nickel and dime you... I do up to the 401k match, I pay 30% more than my student loans payments require to pay off in 10 years... I think the 2017 or 2018 civic would be a good purchase at this point... If I get a promotion at work this year my income will bump up ~10-15k so I will be in pretty darn good shape.

Liberty 4,032,064
04/22/16 11:36 am

Why not pay the unsecured debt off in two to four years and pay cash for a six or seven year old Civic instead?

PeppyHare Do a barrel roll
04/22/16 12:54 pm

Because I have an 8 year old civic with 110,000 miles... By the time I get a new civic it'll be 9 with 130,000... Then I don't have to worry about transmission trouble...

Liberty 4,032,064
04/22/16 1:12 pm

Oh, I'd keep that thing for at least five more years or 70,000 miles if I was in debt, particularly unsecured debt. If I was uncomfortable doing that, I certainly wouldn't buy another one, or any other product from that manufacturer.

wright784 Ohio
04/24/16 7:00 pm

PeppyHare: Seriously man, you DO NOT need to buy a new car. Your car is low mileage. Take my advice, please, I'm a mechanic. Change the tranny fluid now as preventive maintenance if you are worried about the tranny. Drive that car till you have 200-250K miles in it. You can make it last a lot longer than that if you want: a car wash once week through the Winter in northern climates & an oil change every 5K miles. Take your car to a good mechanic once a year for advice/preventive maintenance on what should be replaced. The money you spend on maintenance will not compare to the money you will spend on a new car. Before I knew anything about cars I bought a new 2009 Toyota Yaris. I paid over $22K for it before the loan was paid off at $270/month. So what if you spend $600 on new shocks every 60K miles? So what if you spend $400 on new coil packs & spark plugs every 150K miles? That $1000-$1,500 in maintenance every 3 years is a whole lot better than $3000/yr. for 6-7 years for a loan.

Zod Above Pugetropolis
04/22/16 7:52 am

I voted no because I don't, although I do let the income from my investments and retirement account just ride and grow. My wife, who is still working full time, does still save a lot of her money in a traditional savings account.

04/22/16 7:47 am

Yes. I have it transferred automatically every pay period as soon as the deposit comes in so we don't even think about it as accessible income.

04/22/16 8:01 am

Props to you my fellow responsible conservative friend.

bethanyq Ess Eff
04/22/16 7:44 am

Yes. We have a weekly automatic transfer of money out of our checking account into savings. Always pay yourself first!

Wino I need a drink
04/22/16 7:41 am

Not anymore, my husband gets bonuses so we save 90% of the bonus.

screename1 Washington State
04/22/16 7:32 am

Yes, I put 8% in a 401k, and fully fund a Roth each year for retirement. Additionally I put aside money in to a savings account for shorter term goals.

04/22/16 7:32 am

Two different savings accounts and a deferred compensation money market savings plan twice a month, every month πŸ’°πŸ˜‰

BamaGirl ROLL TIDE from Arizona
04/22/16 7:31 am

I used to, but I am currently living off my savings, so for now it's the other way around.

FATSHADOW Cyborg Gorilla
04/22/16 7:28 am

I try to throw $500 in one every month so its there come christmas or for an emergency.

Except when its time to renew my auto ins.

Then it goes to paying that off.

Liberty 4,032,064
04/22/16 7:19 am

Well yeah. Every time money comes in.

CoffeeNow Powderpuff Leftist
04/22/16 7:18 am

I hope no one thinks social security counts

Liberty 4,032,064
04/22/16 7:20 am

Haha, I would think that any being that unintelligent would lack the capacity to operate an electronic device.

Liberty 4,032,064
04/22/16 7:20 am

Then do it

cowboy Here and There
04/22/16 8:17 am

I'm trying. Believe me.

Liberty 4,032,064
04/22/16 8:27 am

Do or do not. There is no try.

cowboy Here and There
04/22/16 8:29 am

The day I quit trying, is the day I die.

alkie New York
04/22/16 7:08 am

Whoever doesn't needs to. I contribute 25% to my 401k each week and I have a Roth IRA. I also have a savings account.