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Hey Guys,
A samaritan is creating a dashboard for us to help understand the market standards for your skillset and help us to realize if we are underpaid!? And this helps us to negotiate as well
Share your responses here..
Suggestions are welcome.. Will update dashboard link in the below page itself ☺
Let's work together 😎
Please do share below links with your friends and besties from work and help them too...
https://docs.google.com/forms/d/e/1FAIpQLSdRBRC8b5J2DAPR33xmhnUxEX40UsPTvQVfN3r
Additional Posts in Salaries in Advertising & Marketing
Thoughts on $50k for a visual designer in NYC?
I’m making 55k in Chicago. Am I underpaid?
CD salary in SF? Mid size shop
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I’m 25 & looove finances. I have a little over $200k in assets so cash & stocks + Roth IRA. I started 5 years ago with -26k (student loans). If you’re serious about changes in your financial situation I suggest joining the FinancialGym! I just joined last month but I’ve learned things and think they’re great. They can teach you more about saving than I could try to explain over a comment on FB
@mccann - saving 20% of paychecks to where?
At 25, nothing I’m sure. I had a Roth IRA at the time that I should have put money into but didn’t. One of my biggest regrets is not socking away more money. I turned out to be the breadwinner in my family (something my 25 yo self would have never imagined would happen to me) and it’s been very very hard. Now at 42 with a house and a kid and a hubs in school (and not working) having started earlier would have given me waaaaaay more security, and the ability to actually have done more travel, trips etc these past years instead of put as much into savings (short and long term and 529) as I can
401k + 10k in savings
At 25, I can’t recall - maybe 5k? But definitely more than at 29...which is $2K (thank you NYC)
~$20K, but then I lost my job and had a quarter life crisis and spent a majority of it traveling, moving across the country, and not working for 6 months. But that’s what it was there for.
Just paid off my medical bills and student loans (appx. $30K) and now have $10K saved + Roth IRA + 401K & stock options. Think I’m coming in at 50K in total net worth at the moment (I’m 26, almost 27).
At 25? I only had debt and nothing saved. Not recommending that.
100k
And that was 1980s dollars, so 3 million
$20k
Like 6k and have been playing catch up ever since
Same
6k
$500, but paid off my student loans. Still behind my peers in saving, but the lack of debt hanging over my head was worth it
Thank you for all the intel! Seems like it’s a little all over the place. Sounds like I should be looking into investing. I saw financial gym and acorn as recommendations- anything else?
Qapital
Automatically set rules that will pull money into a separate account. I was able to save 2k over 5 months without it effecting my spending money. Example rules include: rounding up all purchases to the nearest dollar, take x amount when I make a purchase at x store, take x% of my paycheck.
Shameless plug! Sign up and use my code wm84w649, and we’ll both get $10!
https://get.qapital.com/me6drlczrW
I’m 27 with $13k in my savings (cash) and about $15k in my 401k. I started contributing late to pay off my student debt. So I’m debt free (no major credit card debt) but still feel like my savings are too sparse.
You did it right, the faster you get rid of debt the more you have of your own money to use freely. When you spend, save, or invest you’re just kicking the debt can further down the road. It’s best to give ol’ Sallie her eviction notice ASAP.
I‘m 25 and have about $25k in savings + $30k ish in my 401k. Goals before I hit 26 is to open my own Roth - I’m lucky enough to have one already from my grandparents with about $90k in it, though I think it makes me a little less vigilant with saving because I know I have a bit of a head-start/cushion for retirement
27 - 15k in 401k and 15k in a ROTH 15k in savings
26 - 11.3K in retirement accounts (401k, Roth IRA), 3k in savings account, 5k in checking account, no debt
26 years old with $36k in savings and 20k in 401k. Paid off student debt two years ago and planning to open a Roth IRA this month
$8k in the bank.... $225k in student loan debt
15k savings - 24k student debt
Not sure exactly at 25, but I know I had $60k at 26 as I bought a house then and the down payment was $40k. Working the savings back up from that since, though house repairs have eaten into it, and now at about $40k again. Husband is just finishing up school, so that'll help out a lot when he gets a job.
At 25... probably ~$35k but for context I started out in an agencies studio with a decent salary, time and a half overtime, free meals most nights I worked late, only a small student loan (my family was ‘poor’ enough that I qualified for aid, vs loans, largely) and budgeting based on on my base salary so saving was easier.
The point to take away though, is don’t live beyond your means. Be comfortable within your budget, understand that you’ll probably advance in salary as you move up the ranks and can ‘upgrade’ life accordingly.
Also... I taught for awhile, and what I often found myself telling students when they asked about what they should do, was not to let themselves get trapped into a lifestyle that only advertising could afford them.
There are a lot of miserable people in advertising (Fishbowl has plenty of evidence of this, daily) and many of them are trapped because they let the salary decide their lifestyle and downgrading is tough.
If you budget and save, you give yourself some financial flexibility/‘fuck you’ money and a way out if you have to jump ship or are just sick of it. Also gives you the funds to spoil yourself and not feel guilty/pinched.
And if you, like so many people go freelance, you want that money to help in the initial/occasional dry periods.
Actually, around 25 the recession hit so luckily for me, a less an aggressive savings plan vs. a lax (immediate gratification?) 401(k) savings plan worked out slightly in my favor since that got trashed. This isn’t a ‘don’t save message but made me think of it.
At 25? 40k. At 30? 7k. Moving across the country with no job is a bitch.