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$3.50
Well you see, I wasn't saving anything, but then a monster from the paleothic era came up and asked for some change to start a savings account
In three years I've saved 4k excluding 401k and IRA. I did however payoff 65k of debt/loans
I think I saved about $15K in my first year
There's no benchmark. Huge variance in what people do and can do. If you're a huge FIRE person, you could follow someone like Mr money mustache and retire in 10 years. Look up "MMM shockingly simple math behind early retirement". Very helpful way to consider your life.
$0
72.5K
18K is a lot when you factor in taxes and rent
I think I saved ~$25K my first full year
I was stupid and didnt put any money in the first 2 years.. put the max amount and adjust your lifestyle accordingly.
Started in September with same salary as you OP. Saved about 15k all things considered.
Made 72.5. Saved 20 in SF. Had travel projects though
Hey a1! Thanks for that response. How did you manage to exceed so well at saving? Can you teach me your ways?
Thanks D2. What was your starting salary? I'm on track to save 18k but I feel like that's on the low end given that I live in a relatively affordable city (Chicago) and am out of the house 4 days a week. Am I being unrealistic?
A1, god damnit!
Fooled me
10% of my check since day one, over 7yrs ago, and with the 6% match, not bad! I also do about 5-10% into the ESPP. Start from the beginning and it's money you'll never miss because you never had it before.
What's ESPP? Side note D2 - Im earning 76 + a 10k signing bonus. So like, factoring that in I feel like I just blew some of my money on living too nicely lol
Ah I did not factor the signing bonus in
Dang, I only saved around 5k lol
ESPP = employee share purchase plan