Ask HN: how much did you save last year?

Posted by Booo on Monday October 11, 2010 @01:22AM
from the ask-hn dept.

Money is still not a topic that is openly discussed which is unfortunate as there is a lot to learn from others. How much did you manage to save (or loose) last year?

( 1 comment | 3 points | on HN )

Re:Ask HN: how much did you save last year? by ardit33 on Monday October 11, 2010 @03:09AM (#1779033)

Rule of thumb, if you are single, and still want to live a decent good life, you could easily save half of your after tax salary.

eg. if you make 110k a year, after taxes, 401k, health, etc... you are probably bringing about 60-k65k home.

You should be easily saving about 30k a year. If you are in expensive areas like SF, live with roomates, and adjust to it.

If you are an engineer making about 130k a year, you can upgrade to your own one bedroom and still be able to save about 35k -40k a year.

If you are frugal and really good with money, add 10k to those estimates.

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