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How are you doing financially? (lemm.ee)

submitted 2 months ago by [email protected] to c/[email protected]

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I read that half of Americans couldn’t cover an unexpected $1,000 expense. This sounds crazy to me. I understand that poverty exists, but the idea that an adult with a job doesn’t even have that amount saved up seems really strange.

What’s your relationship or philosophy with money? What do you credit for your financial success, or alternatively, what do you blame for your failures?

For the extra brave ones: how much savings do you have, and what are you planning to do with them?

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[–] [email protected] 6 points 2 months ago

I dislike money. I worked hard to have enough that it’s not on my mind. I don’t need to think about the cost of eating out or buying food, or pursuing hobbies. But I also don’t really spend much. I don’t make big purchases very often and when I do I still over-analyze them.

If I had a lot more money I could retire, but I still have half my life to live. I hope to retire in 16 years. I have a job that pays well, with good job security, and minimal stress. I get 38 hours of leave time per month and I live in California.

I have cash savings earning enough per month in interest to pay my cell phone and home internet bills entirely. But I don’t really have any other discretionary monthly subscriptions. My savings will probably be used on a new kitchen and bathroom eventually.