Full time college student - totally independent (I live my by myself and don't receive a dime from mommy and daddy) I have a 5k motorcycle note, but my credit score is great and the interest rate is stupid low. Other than that I have no debt. (No student loans, no credit card debt, etc) So - just a quick question (tisk tisk tisk) What would you say is a good amount to have in savings?* *what would be the threshold to pay off the motorcycle in full and still have a substantial savings? I.E. If one has $5500 in savings, should he pay the $5100 motorcycle note in full? What about $10,000 Keep in mind when answering that I am not a privileged rich suburban white kid and ridiculous numbers like $50,000 will be disregarded. Edit: I ask this because I want to know at what point is it safe to say "Ok, savings look good - I can start blowing money on useless ****"