How are your savings?

[SlugSlinger]

Excess household savings have fallen the last 23 months. The FED is saying that savings dropped from 2.1 trillion in 2021 to 190 billion in July and is falling 100 billion a month.

Savings will be depleted by the end of September.

How are yours?

 

[Pstmstr]

My financial situation has improved a lot in the last 5 years once I stopped doing stupid stuff and living on a spending plan.

 

[caliberbob]

My financial situation has improved a lot in the last 5 years once I stopped doing stupid stuff and living on a spending plan.

Hallelujah. Preach!

 

[rickm]

Mine was holding its own til i went out and bought a tractor this week

 

[caliberbob]

I’ve got my debt collectors right where I want them!

 

[GlockPride]

According to another thread I’m going to run out in October. But I doubt it.

 

[Adhdferret]

Hedged my bets a while ago with "just in case"

Currently have 6m of expenses accessible, 6000 in emergency credit should I need it, and plenty of tradeable goods.

Working on finding good seeds so that we can have assured harvestable vegetables.

Working on maps as well.

 

[MilitantBEEMER]

We diligently worked our way out of debt in December of 2022. (other than mortgage). We have also saved up an emergency fund of 4-6 months of expenses. Additionally we have cash flowed some needed home repairs (french drain, fences, garage doors, caulking, and a new coat of paint.)
Now we will focus on the mortgage and plan to have it paid off in the next 3-4 years. (Lord willing)
God has been good to us and we are thankful to be in a better financial position.

 

[caliberbob]

We diligently worked our way out of debt in December of 2022. (other than mortgage). We have also saved up an emergency fund of 4-6 months of expenses. Additionally we have cash flowed some needed home repairs (french drain, fences, garage doors, caulking, and a new coat of paint.)
Now we will focus on the mortgage and plan to have it paid off in the next 3-4 years. (Lord willing)
God has been good to us and we are thankful to be in a better financial position.

That’s commendable. Well done. A VAST majority of Americans couldn’t do what you did.

 

[caliberbob]

We have some savings. 0 debt. And in 2020 I bought a years worth of food (rice, beans, oats) because my government behaved like a bunch of tyrants and I wasn’t sure if we’d exist as a civilized nation into 2021.