How do people navigate saving and giving back home? I never know if I’m saving too much

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Or not saving enough*

It may be different for people who are expected to give back home or who have already committed a certain amount per month, etc., which is not my experience, but I'll share mine for an idea.

First, I'm saving for health and retirement pre-tax. I'm saving 6% of income toward retirement (maximizing employer match). I'm saving about 3% of my income into a Health Savings account. The first goal is to fully fund my deductible in the HSA ($5000--high deductible health plan).

Currently I'm saving about 1/3 of my net income every month directly into my savings account. When I get paid, I immediately move that amount to Ally . Then I divide that into buckets. I have a bucket for my current savings goal (trying to buy a home), a bucket for charity, and a bucket for my dad. I have other buckets too, but usually focus on just 2-3 per month until they're fully funded. Of my total savings, 80% to home, 15% to dad, 5% to charity. Then when my dad needs something or in case something comes up with him, it's already set aside. And if I want to make a $500 donation later in the year, I can. Or I can make a few $100 donations.

All of that to say, I'd recommend deciding what is the total amount per month you want to save/give then thinking about it in terms of percentage of your income. I'm aggressively saving right now, but I would suggest saving 15-25% of net income if possible. I also have no student loans (fully funded them in savings last year using this method).

Hope this helps, but definitely want to hear others' thoughts/methods too!

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