Quote:
Originally Posted by MoneyGuy
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. |
Haha oops! Right now, I live a pretty simple life and thats fine... I'm really not into nice cars or big houses or anything, anything is fine to me... but I do have plans in the next 5 years of doing some more expensive stuff, like getting my pilots license and sailing and stuff. My employer matches 150% up to 4% of my paycheck, and I do have a pool of money saved up from my own personal investing, but I was hoping a lot of the excess money from my paycheck I would be able to manage on my own. Theoretically speaking, I could put away the 40% of my paycheck and continue living my current lifestyle with $600/month extra, but I was expecting that extra money (i.e. $600) be a lot more so I was just sort of wondering what average joe saves (i.e. Slava saying 10%).