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Repped. thanks NT I think Ill start with 500 going to loans a month and increase or decrease it accordingly.
How much of your paycheck do you put into savings?
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i put 10% into my deferred compensation (457) the rest goes to food, bills, and bsing... I need to manage the rest better in all honesty 
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Don't have a savings. My money goes straight into my business and my stomach. I know it's a bad idea. But I'm trying to get to the top ASAP and without credit. One good business move will pay off way more than any savings account I can add to at the moment....
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Save? I can't even afford shoes
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I'm doing this along with 2 of my boys
We deposited $2 on the first week, and continue to add $2 on top of the previous one for the next 52 weeks
If a deposit is missed by Monday (verified by a screenshot at the end of the day) then a $5 additional penalty is due
Additional deposit is encouraged but the minimum has to be met that week
I think we are on week 11, which is $22
We deposited $2 on the first week, and continue to add $2 on top of the previous one for the next 52 weeks
If a deposit is missed by Monday (verified by a screenshot at the end of the day) then a $5 additional penalty is due
Additional deposit is encouraged but the minimum has to be met that week
I think we are on week 11, which is $22
Top Boy
formerly jay patt
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I'm actually....
100% convinced you have what it takes to go far. I applaud you and wish you the best. From what I can tell you seem like a really good dude. You have my utmost respect.
Best of luck to you fam.
superb
Banned
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- Jun 2, 2013
Man we werent taught to save when we were younger. Im older , but back then it was spend spend live paycheck to paycheck. as long as we had girls, beer, car,food, parties we thought that was life. Younger gen have so much wealth of knowledge now and the internet that we didnt have. I never saved a penny in my life until 2 years ago. i had money/spending money nothing was saved tho. If only I could do it again
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Good rule of thumb is saving 10%...i do the same. Sometimes 20%. I'm in stocks...I'm a gold bug. No reason to put it in savings when interests rates are so low.
RustyShackleford
Supporter
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25% of everything I earn. Paychecks, side money, gambling winnings, everything
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I don't "save" anything. If it's not going to bills,food or gas then I invest it.
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Investing is a wonderful thing, but saving should be one's first step/priority. The main goal is to balance savings, debt & investments. Where saving caters to stability, investing caters to growth/expansion. Although I have several investments, I couldn't purchase my home, vehicles, etc. without secured funds. In OP's case, it's best to start small & not rush into things. I waited several years to accrue what I own & in this current day, I can tell you that it's much more fulfilling to know you can purchase certain things than it is to actually buy them. I'm more than content with my simple home & lifestyle. I'm still in my 20s & have a lot more to learn, but it's nice to know that I've accomplished what I've wanted so far...
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Every paycheck i put 15% into a retirement fund and 20% into a savings account.
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Yo, Aguilar, I am at SOM (well, right now I am abroad at LSE for a term), when I get back in the country, let's kick it.
Show you how the B-School gets down... good connects too.
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fixed
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Thanks man. It means a lot. In your ever in New Haven I got the first round.
Thanks for the knowledge. I def want to start investing sometime. Gotta get a little nest egg first. How long did it take for you to start investing after you started saving?
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- Mar 10, 2013
Big ups to the cats in here looking out for their future 
Maxing out a Roth and my 401k. Another $50 per week to my stock account. Another $150 per week to various savings accounts (emergency, general, and travel).
Maxing out a Roth and my 401k. Another $50 per week to my stock account. Another $150 per week to various savings accounts (emergency, general, and travel).
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out of the 1500 i make monthly i try to save at least 300 been doing this for the first 3 years at my job saved up 20k
then i got reckless got cc shoes clothes going out and havent saved the last two years and started dipping into my savings
need to cut back this comming year F shoes and supreme
then i got reckless got cc shoes clothes going out and havent saved the last two years and started dipping into my savings
need to cut back this comming year F shoes and supreme
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I think that's the biggest problem we face in this country, there's no rhyme or reason to who makes what, and education has become a hustle more than a valuable means to an end.
The fact that someone can come out of grad school to make just enough money to still be relatively poor, you become a piece of the machine. It's almost not worth it. Our education and cost of living prices have shot up faster than our average salaries can keep up with.
My best advice, pay off that student loan as fast as possible, and really do the math on whether getting a phd right now is going to pay off financially. If it's the difference between 5k to 10k more per year, I'd wait until you had things paid off. After taxes, an extra 5k a year doesn't do much for you when you still owe a ton, and then you'll just be adding to that debt.
Stay living within your means, pay the loans off and save a little on the side consistently. You've got the right idea but I just don't know how lucrative a phd in social work is gonna be.
The fact that someone can come out of grad school to make just enough money to still be relatively poor, you become a piece of the machine. It's almost not worth it. Our education and cost of living prices have shot up faster than our average salaries can keep up with.
My best advice, pay off that student loan as fast as possible, and really do the math on whether getting a phd right now is going to pay off financially. If it's the difference between 5k to 10k more per year, I'd wait until you had things paid off. After taxes, an extra 5k a year doesn't do much for you when you still owe a ton, and then you'll just be adding to that debt.
Stay living within your means, pay the loans off and save a little on the side consistently. You've got the right idea but I just don't know how lucrative a phd in social work is gonna be.
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3500 a month plus all bonuses which could be any where from 1500-3000 on top of that.
The first thing everybody should do is pay themselves when they get paid then take of bills . its a lot of stuff I wanna cop , But if I miss out on it I always remind myself " can't miss what u never had ".
The first thing everybody should do is pay themselves when they get paid then take of bills . its a lot of stuff I wanna cop , But if I miss out on it I always remind myself " can't miss what u never had ".
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A good book I read is, The richest man in Babylon. I started savings later on cuz I was hitting up the clubs n all. but now I'm happy I do put a least something away...
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What type of business do you have?Don't have a savings. My money goes straight into my business and my stomach. I know it's a bad idea. But I'm trying to get to the top ASAP and without credit. One good business move will pay off way more than any savings account I can add to at the moment....
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- Jun 17, 2006
I have a checking account. I wouldn't know. I make 26K a year.
rell826
Banned
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- Apr 25, 2013
Put 50-100/mo in a savings account that gives you a good interest return. Bank savings accounts are a joke. Always helps to have a rainy day fund.
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