I'd say you have done exceptionally well. Your savings account would be the envy of most 30 year-olds. Not to mention zeroing out your credit card. Time to put some of your savings to work....say half to 2/3. Right now is a very poor time for stocks but a bond fund with a very short maturity profile, or a T-bill fund, will increase your earnings with very little risk.

GOOD FOR YOU!!!! $31k for your age is good - awesome - in fact. You paid off $30K in credit card debit - you done good!!!! I'm not exactly your peer, but I was there a few years ago - keep it up - but now that you have paid off your bills & have some money in savings, don't totally deprive yourself - i.e. go out to eat, get your hair done, buy some new clothes once in a while. Way to go - I'm sure that there are several people out there who would like to know how you did it.

I can't think of one single person I know at that age who had that much in savings - you're doing great!! Don't just leave it in a savings account - money like that needs to be invested properly unless you're planning on buying a house anytime soon. That would be a GREAT move nowadays with the current house prices - if you can afford to sock away that much in less than a year, then you can probably afford to buy a house (depending on where you live, of course)!

Hello,

I think you should invest your money into Real Estate so you can finally get out of the rat race.

Having money in a savings account gives you a very little return.

If you want, I can show you how to invest in Real Estate, earn residual income, find positive cash flow properties with built in equity (not listed on the MLS) and find a property management company, and just collect checks every month whether you work or not.

Shoot me an e-mail if your interested.

Shaun
satamianaz@yahoo.com

That is a great amount for a 31 yr old. I would put it in a high yield savings account where you would get more interest. The only draw back is the minimum withdraw is 10,000 so if you need 1,000, take out the 10,000 and put the 9,000 right back in, or you could split it into a regular savings/high yeld savings.

I'm not sure whether it's typical or not, and you should not worry about that too much. If you were able to save $30K starting from $0 last March, you're doing VERY well.

Also don't listen to Real Estate pushers (unless you come across some amazing deal). Give that market a few more years to get back into reasonable.

You need to run from your live-in boyfriend, he'll be the cause of financial ruin if you start a family.

Hell that's outstanding!

I'm in my mid-30's and my savings account hovers around 2K. Of course we bought a house and have a 3 year old so the expenses kept adding up, but I'd say your savings are WELL ABOVE most people your age.