I have just started my Roth IRA and I am trying to max it out while also putting the same amount each month into additional debt payments. This means I will be saving over $800/month. On average I make $3,000 a month, which means I will be saving 27% of my salary.
I will be making almost $600/month more in September, if I end up saving that amount it would be $3,600 in income, $1,400 in saving/additional debt payment = 39% saved. My debt would go away in no time and then its house buying time.
Then again, if I ever find a girlfriend this whole post goes down to the wayside (but I should be able to save a decent amount anyway).
It might be tough saving $800/month but it can't hurt to try!
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment