How much do you have in your savings account?

F1ve_Claw

Senior Member
Joined
Mar 18, 2010
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995
In actual savings (excl anything remotely 'investment') I'm at R42 147.89 . Have not been historically good at keeping easily accessible funs, so I'm pretty proud of getting that far!

The 7% interest is outperforming my actual investments, which has a bit of an ironic bite to it.
 

Method

Executive Member
Joined
Aug 11, 2008
Messages
9,307
In actual savings (excl anything remotely 'investment') I'm at R42 147.89 . Have not been historically good at keeping easily accessible funs, so I'm pretty proud of getting that far!

The 7% interest is outperforming my actual investments, which has a bit of an ironic bite to it.
Yep that's the worst part of it all. Investments aren't growing as much as just popping your money into a Fixed Deposit account :(
 

Brawler

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May 23, 2006
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9,725
Enough to keep me going for a year or so. With the current situation in SA I take comfort knowing I can leave tomorrow.
 

Jehosefat

Expert Member
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May 8, 2012
Messages
1,210
Currently 0 in a savings account because I use my access bond to keep easily accessible cash. Available cash in the bond is a few hundred k.
 

wizardofid

Executive Member
Joined
Jul 25, 2007
Messages
5,136
R9545,23 fixed deposit, plus 3 months living expenses in normal savings account.
 

Messugga

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Sep 4, 2007
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10,374
Seems like you living life properly
Based on my bank balance...? There are people with way more that are significantly less happy than I am, and people with way less that are significantly more happy than I am. Once you have enough money to cover your basic needs and remove the stress of worrying about the next couple of months' expenses, it sort of loses its meaning in the short term.
 

Method

Executive Member
Joined
Aug 11, 2008
Messages
9,307
Based on my bank balance...? There are people with way more that are significantly less happy than I am, and people with way less that are significantly more happy than I am. Once you have enough money to cover your basic needs and remove the stress of worrying about the next couple of months' expenses, it sort of loses its meaning in the short term.
Living on basic needs isn't going to make anyone happy, though.
 

Snyper564

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Joined
Oct 1, 2008
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3,281
Based on my bank balance...? There are people with way more that are significantly less happy than I am, and people with way less that are significantly more happy than I am. Once you have enough money to cover your basic needs and remove the stress of worrying about the next couple of months' expenses, it sort of loses its meaning in the short term.
I have started following some of what the minimalists (google them you will find a lot of info) say the last year or so.

I have stopped my pursuit for more STUFF and for the most part useless stuff. There is nothing wrong with buying something, as long as it truly adds value to your life. Also you shouldn't be buying anything on debt (house not included - not getting into car conversation) if you are buying a TV on credit you shouldn't be doing it. Don't care if you can afford the installment in reality you are impatient and your impatience will cost you interest.

I am a happier person not constantly chasing after the latest fad/technology/car and my bank balance reflects this very nicely.
 

Bilaal687_

Well-Known Member
Joined
Jul 17, 2018
Messages
291
Based on my bank balance...? There are people with way more that are significantly less happy than I am, and people with way less that are significantly more happy than I am. Once you have enough money to cover your basic needs and remove the stress of worrying about the next couple of months' expenses, it sort of loses its meaning in the short term.
Issue is I'm greedy if I'm being honest I don't know how people are content with what they have in terms of finance etc
 

jman

Expert Member
Joined
May 9, 2014
Messages
2,337
I have started following some of what the minimalists (google them you will find a lot of info) say the last year or so.

I have stopped my pursuit for more STUFF and for the most part useless stuff. There is nothing wrong with buying something, as long as it truly adds value to your life. Also you shouldn't be buying anything on debt (house not included - not getting into car conversation) if you are buying a TV on credit you shouldn't be doing it. Don't care if you can afford the installment in reality you are impatient and your impatience will cost you interest.

I am a happier person not constantly chasing after the latest fad/technology/car and my bank balance reflects this very nicely.
I like this philosophy. Trying to get my SO to like it too lol.

It's also about balance though - I'm not going to live like a peasant in order to have a big bank balance. And at the same time, I'm not going to live like a millionaire, but always being in debt
 

Messugga

Honorary Master
Joined
Sep 4, 2007
Messages
10,374
Living on basic needs isn't going to make anyone happy, though.
Perhaps. I don't feel that that's necessarily a universal truth, even though it applies to myself. I don't live off of baked beans and toast and water. I don't drive an econobox. I certainly do appreciate the finer things in life. What I'm saying, however, is that I don't think I'm much of a happier person for it. The discontent I feel for the status quo, which manifests in my ambition and a hunger to change things, isn't being satiated by my expenses, the expenses is simply a byproduct of the aforementioned which allows for excess funds to essentially be wasted on stuff we as humans don't really need. The work I do and what I achieve has a far more significant impact on my state of mind than how much money's sitting in my bank account. I don't ever want to retire anyway. It'll drive me insane.
 
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