Re:Ask HN: How do I get $2.2M dollars?
by derekp7 on Wednesday November 29, 2017 @12:23PM
(#15808725)
To add to this, make the saving automatic. If possible, have your check direct deposited between two different bank accounts, a fixed amount going into one, and the remainder to the second. Use the fixed amount account to auto-pay all your living expenses, and other fixed bills, and to auto-transfer a set amount into whatever your investment vehicle of choice is. You will need a bit more going into this checking account than the average of all your bills, to cover variances. Then once a year take the excess, and dump that into an investment.
The second account is then used for daily expenses such as groceries, restaurants, and other entertainment.
Daily "spending money" to go to the movies or the bar with friends is very very little when compared to the average salary of a Google engineer.
The way to save up money is to get a job that pays 2X or 3X more than a comparable job (or in other words, don't work for startups. Go work for one of the big 5 tech companies).
You are wasting your time if you are worrying about saving 20 dollars here and there by not going out to a bar with friends.