Ask Lemmy

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

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

Me, who's saving up for a house

TWO Big Macs

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

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

Yay $4!

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

2x0=0

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.

Define “bank account”

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

I would have about 6, $7. Woohoo.

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.

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

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.

Time for a Microcenter visit...

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.

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

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.

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.

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.

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.

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)

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

Nope, cash shrinks. Assets inflate.

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

It wouldn't be life-changing, but it would definitely put me in a better place for a year or so.

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.

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

Which account?

checking - no change

savings - nice bonus

IRA - I might be able to retire eventually