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?

  • zxqwas@lemmy.world
    2·
    4 hours ago

    After school I had one week of cash left when I got my first job. I moved to a tiny town to work in the mining industry. Pay to cost of living is very good. I’ve always been careful with money and dislike shopping.

    I save about 50% annual income. This is piled up in various investments. I can retire before 40.

    I have about 1 year worth of expenses in cash I can access tomorrow. I try to keep at least 3 months but I’m squirreling away extra for known upcoming expenses.