feeona
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Start with 30% and adjust to a higher amount if you can after you see how you do. Good luck |
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Real Estate Guy
 |
I have my kids put 50% in the bank. 50% for them.
My college kid pays 50% of her income for school and the rest is hers. However, I try to make her safe at least 20% for loan term.
If you work full time, at least 10% should be saved. PAY YOURSELF FIRST. Sign up for the 401k plan at work. Even a little each month will grow into thousands in 30 years; and you can't wait until you are 40+ to start saving for retirement.
Spend less then you earn! |
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azizbek1983
 |
25% |
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country boy
 |
Just half you should give me the other half for answering. ha! ha!. |
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Dien
|
It depends.
Keep a budget of your spending, everything from fixed expenditures (like mortgage, rent, bills) and other expenditures, including fun money.
Subtract your total expenditures from your income. What's left is what you can save. See how much you can shave off of your expenditures to add to your savings.
Then you can do a rough estimate of the percentage you should put toward savings. |
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Bill
|
If you're a teen in school...bank half. |
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Michael S
 |
you should keep half and put the other half for collage of something really important |
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pcreamer2000
|
It depends.
Doing a arbitrary % will guarantee failure in saving.
Set some goals first.
Figure out what u would need to save to make that goal and how long u would need to save to get the goal.
Budget accordingly including existing expensive of life/school/family/etc...self saving.
Self saving is putting a portion of your savings for 'paying yourself 1st'. |
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Samirah
|
50 bucks every payday.. |
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malida_23
|
It depends on how much you make, and everything your needs are what you need to pay off everymonth bugget it so you have enough to take care of your needs, and how much you want, and how much you want to save. |
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qdawg
 |
80% fo tha bank nd 20% fo u |
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1
|
u r probaby a teen i say keep 25 percent to 50 percent unless ur saving for college then save 85 percent |
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Caring girl.
|
keep as little as you think you could manage on and bank the rest. |
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Sharilee10
|
Get a copy of the book Five Lessons a Millionaire Taught Me About Life and Wealth (http://www.amazon.com/gp/search?index=blended&keywords=Five%20Lessons%20a%20Millionaire&_encoding=UTF8 ), follow the principles, and read it at least once a year to set yourself up with a good solid financial plan.
The principle that will make all the difference for you is 'winning in the margins.' If you want some suggestions on how to do that, email me. I highly recommend Bookwise as the #1 way to win in the margins.
Sharilee Guest
Founder, AmericaTakingAction.com
MyBookwise.com/nonprofits
Hookedonabook.wordpress.com
Hookedonabook.com |
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chella35
|
50% |
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shuckacon
|
Realistically, if you are under the age of 30 you should bank at least 10% and put this into a growth account of any type.
If you are still in school (High or College) there are great investments for funding your education.
Over the age of 30 then you need to start evaluating your risk level of your investments. However, due to the uncertain future with inflation, every cent saved in a secure account would be the best. (think gold) |
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