Quote:
Originally Posted by Phanuthier
... is 40% a bitch much or is it the norm?
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Rarely do I tell people they're saving too much but you are. Maybe bitch was a Freudian slip and you meant it's a bitch to save that much?!?
Why not cut it in half and see how that goes. I'm a big believer in living for the present and saving for the future. How much of your savings does your employer match? That should be your minimum and increase it as you deem it appopriate but don't make huge sacrifices today for a tomorrow you don't know you'll ever see. However, save aggressively because you likely will see retirement and you need to be prepared. My personal philosophy (since you asked) always has been to save as much as I could while living well. As my income has grown a lot I live better but still save a lot of money. I wouldn't be comfy if I wasn't saving every month. Make sure you have proper insurance also, depending on your personal situation.