Frazmatic
Re:Ask HN: I want to get out of finance but salaries scare me
on Tuesday February 25, 2014 @08:01PM (#7302000)
If you're paying 1k for food & everything else; that 1k is definitely including sales tax. And 8% of what you spend is definitely not 8% of your total income if you're saving as much as possible. You're double counting taxes.
I only make $50k and I'm saving $30k a year. I'm fairly sure if I quadrupled my income I could at least double my savings.