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submitted 10 months ago by ericbomb@lemmy.world to c/asklemmy@lemmy.world

Hopefully no one is over drafted right now...

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[-] AttackBunny@kbin.social 28 points 10 months ago

No. Gives a bit more breathing room, so one thing probably won’t destroy me, but not enough to actually do anything with.

[-] TheAndrewBrown@lemm.ee 4 points 10 months ago

Yeah same. It’d be real nice and help out, but not life changing or anything.

[-] Semi-Hemi-Demigod@kbin.social 26 points 10 months ago

I know one thing for sure: I'd definitely be getting guac on my burrito

[-] relative_iterator@sh.itjust.works 5 points 10 months ago

Damn dude is loaded over here

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[-] SgtSilverLining@lemmy.blahaj.zone 23 points 10 months ago

Me, who's saving up for a house

[-] Mayonnaise@lemm.ee 11 points 10 months ago

Me who spent most of their savings on a house last year: 🙃

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[-] funkless_eck@sh.itjust.works 4 points 10 months ago

yeah same.

do you have this weird feeling like "I'm trying not to get fired until I do this?" even though I don't want to get fired after it either, but for some reason I feel that pressure

[-] ericbomb@lemmy.world 3 points 10 months ago

You did it friend, you beat inflation.

[-] BluJay320@lemmy.blahaj.zone 22 points 10 months ago
[-] nx2@feddit.de 5 points 10 months ago
[-] Aliendelarge@lemmy.world 2 points 10 months ago

Once again, the conservative, sandwich heavy portfolio pays off for the hungry investor.

[-] EnderofGames@kbin.social 18 points 10 months ago

Here to post and see the obligatory $0*2 = $0

[-] eyy@lemm.ee 3 points 10 months ago

what if you have a mortage and your bank account shows -$300k?

[-] Asudox@lemmy.world 4 points 10 months ago
[-] ericbomb@lemmy.world 2 points 10 months ago

Oof, we've all been there. May better days be ahead friend!

[-] AFKBRBChocolate@lemmy.world 17 points 10 months ago

If that includes IRA and 401k, then yes, I can retire today, and much more comfortably.

[-] abaddon@lemmy.world 4 points 10 months ago

Exactly. Keep your bank account at a safe but not wasteful level while letting the rest appreciate somehow.

[-] DrSleepless@lemmy.world 14 points 10 months ago
[-] Vaggumon@lemm.ee 13 points 10 months ago

depends, all bank accounts or just the main one. Cause if all, them yeah, huge difference. Just our main bill account, no not really.

[-] hddsx@lemmy.ca 12 points 10 months ago
[-] loobkoob@kbin.social 13 points 10 months ago
[-] pensa@kbin.social 21 points 10 months ago

You forgot the overdraft charge. That -2 is now -37.

[-] zxqwas@lemmy.world 12 points 10 months ago

Which account? Salary account that my card is connected to? That is about two months of expenses.

Emergency fund account? Now we're getting somewhere. It's about one years expenses I get.

Investment account? I'll be able to fund my current lifestyle with the dividends forever even with inflation adjustments.

[-] Longpork_afficianado@lemmy.nz 3 points 10 months ago

Mortgage account? Fuck it, I'm declaring bankruptcy.

[-] astroturds@startrek.website 8 points 10 months ago

I'd have £120, but it would mean i can pay my water bill today.

[-] Tandybaum@lemmy.world 8 points 10 months ago

Define “bank account”

[-] darreninthenet@sh.itjust.works 5 points 10 months ago

I'm out of work and slowly burning through the savings so doubling it would give me an extra six months headroom

[-] BURN@lemmy.world 5 points 10 months ago

Not really. I’m fortunate enough that I have enough money in the bank to hold myself over for a few months. It’d just double that amount of time for me.

I could probably get the new camera I want, but I could do that now too, I just don’t want to spend 4 figures on something this moment.

[-] kttnpunk@lemmy.world 5 points 10 months ago

I would have about 6, $7. Woohoo.

[-] TechyDad@lemmy.world 5 points 10 months ago

I'm going to assume the "magical doubling" is totally legal and tax free. Meaning, the bank won't come after me for the accidental deposit in a few days and whatever process added to my account also sent money to the IRS in my name to pay the inevitable tax bill. Obviously, my answer would be different if this weren't the case.

It would make a small improvement in my life, but not much. I'd lock the extra money away in savings and likely wouldn't touch it, but it would provide peace of mind in case things went south financially.

[-] GreyShuck@feddit.uk 4 points 10 months ago

Right now? I'd hardly notice. I get paid tomorrow. This time tomorrow would be a bit better. Even better if it was this time tomorrow and the joint account too, that would be a lot better.

None of it would actually be life changing though. It would just make up for our recent house move and all the associated stuff really.

[-] cokeslutgarbage@lemmy.world 3 points 10 months ago

Same, right now I'm -$300, ask again in 12 hrs when two paychecks hit the joint bank acct, I might be able to make the car payment AND the car repair payment, yippee.

[-] ericbomb@lemmy.world 2 points 10 months ago

Sorry bro, you at -635 because of the over draft fee, magic don't wait for pay day :(

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[-] SomeoneElseMod@feddit.uk 4 points 10 months ago

I could pay for my prescription, that would make my life immediately better. Pretty depressing state of affairs tbh!

[-] WhoRoger@lemmy.world 4 points 10 months ago

Isn't that how capitalism works, now that I think about it... The more you have, the more you have and the less difference it makes.

[-] Izzy@lemmy.world 4 points 10 months ago

All of my bank accounts? Checking, Savings, HSA, 401k and IRA? While significant I don't think I'd really do anything different than I am doing now.

[-] whileloop@lemmy.world 4 points 10 months ago

Time for a Microcenter visit...

[-] scytale@lemm.ee 3 points 10 months ago

Yes absolutely. It will allow me put a downpayment on a house, although we're still not decided if we want to stay long term where we are now. If not, then we'll have a considerable budget to not worry about rent for a while.

[-] elephantium@lemmy.world 3 points 10 months ago

Checking account? No change -- I have more in savings (emergency fund)

All accounts, including mortgage? ouch. I'd still be above zero, but I wouldn't like the new, bigger house payment.

[-] TheInsane42@lemmy.world 3 points 10 months ago

I'm glad I put my overdraft in a loan, else it would be disastrous.

On the regular account it would help a tad, on savings a tad more. Big difference, nop. (But we could finally buy the oled TV and keep some for emergencies)

[-] BraveSirZaphod@kbin.social 2 points 10 months ago

No big material differences. I'd just shove it into retirement savings after maybe taking a trip.

Double my income and some things would definitely change a bit.

[-] ProfessorGumby@midwest.social 2 points 10 months ago

Which account?

checking - no change

savings - nice bonus

IRA - I might be able to retire eventually

[-] darkstar@lemmy.dbzer0.com 2 points 10 months ago

Having been recently opted for a voluntary layoff to avoid my team needing to lose anyone, I'm in a spot where I can finally relax, maybe take a vacation, and center myself to decide what my next move is. It will likely be another management position, but I have the luxury of not needing to rush to answer that question. I have an idea for a project that I started working on and could turn into a business idea. Doubling my money would mean I have more time to relax and figure myself out (I've been VERY stressed, and didn't even realize it until I left). Ultimately, I'll get bored, and having more money to do something with would mean I could throw more money at the stock market to try to improve my retirement.

Does doubling my money change much? Hard to say. In the short term, no. Long term, probably.

[-] bernieecclestoned@sh.itjust.works 2 points 10 months ago

Nope, cash shrinks. Assets inflate.

[-] starship_lizard@programming.dev 2 points 10 months ago

I will have 8 dollars instead of 4, which would be nice.

[-] lorez@lemm.ee 2 points 10 months ago

No. I'd be slightly closer to buying a car but still far, far away. Like that galaxy.

[-] Carter@feddit.uk 2 points 10 months ago

Not in slightest unfortunately. Shouldn't have bought a house.

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this post was submitted on 24 Aug 2023
79 points (89.9% liked)

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