What % do you save vs invest? I'm early 30s with a couple of kids making $200K + . About $75K in savings and another couple thousand invested. No property though. Just wondering what next?

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I keep 6 months of living expenses in cash, invest the rest. As a creative in this industry I think you need to calculate how long you could be unemployed after a layoff, and keep that as a cushion. Your 75k could be enough.

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Are you putting money in a 401k or IRAs? You can start IRAs for your kids, in addition to putting money in your own retirement vehicles. That will also reduce your tax burden (not the kids’ IRA).

Also, start saving for the house — whether you buy now or later you need a down payment to avoid PMI and to be able to get lower interest rates. You may want property if you have to think about your kids (moving for the public school system) or your retirement.

How much money do you save per month? Can you save more?

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