I'm doing a survey and I need your honest answer.?

Question

What percent of your monthly pay check do you put in your savings account and does it stay there each month?

Do you have 3 months of salary saved up if you are laid off or temporarily disabled?

Is your money spent before you get your paycheck?

And

If you are not comfortable with your finacial situation currently,do you reconize the benefit of having credit insurace on the debt you have outstanding or do you feel like you'll manage on your own regardless of what is going on currently in your life and if so why.

Just to clarify, do not factor " ife insurnace" through your employer. I'm strictly talking unexpected emergecy that prevents work and limits monthly cash flow.

Thanks for your candor.

Answer 1

Approximately 45% from each check!

I have saved for 3-8 months of expenditures(God forbid) if i get laid off.

No

I can manage my own finances!

Life insurance is a good perk for ur family, but not for the older people cuz the permium is toooooooooo..... high!

Answer 2

1 - not enough and no

2- we should but right now we dont

3- basically

4- I'm not comfortable with it, I made too many mistakes by getting credit cards when I turned 18 and my mother didnt help with the bills like she swore (after running them up herself)

Answer 3

not anymore thanks to a poor business decision (having a business partner)

Money is spent due to debts

i am more then capable at handling my own finances just going to take some time to get back to where i was before it all hit the fan.