Saving anything more than 10% of your income is better than 2/3 of Americans. Saving as much as 30% of your income will put you leaps and bounds ahead. In today’s article, I’m looking at just how good saving 30% is, and where you’ll end up if you stick with it. Here’s the short answer: […]

Saving 40% of your income is an incredible feat. It takes a true financial mutant to do that. Today, I’ll tell you how I did it, and also where it might take you in the future if you stick with it. Here’s the short answer: Yes, saving 40% of your income is good. It’s eight

We’re all trying to save more money. But how much is enough? I see the classic “save 20% of your income” all over the place, but is that enough? Yes, saving 20% of your income is enough for most people. It’ll ensure a good retirement and sufficient short-term savings for things like trips, a new

Saving $30,000 in a year is a lot. It takes a well-thought-out plan and some hard decisions to reach that level of saving. However, it’s within your reach, as I’ll show later in this article. Here’s the short answer: To save $30,000 in one year, you need to spend $2,500 less than you earn every

We all know we should save money, but how much should we save each year? In this article, I’ll help you figure out how much you should save annually. I’ll also give you a few examples with some cool charts and data tables. But first, here’s the short answer: As a general rule, you should

Saving $8K in a year is no easy feat. It’s a lot of money to stack up in a short time. Nevertheless, there are ways to make it substantially easier. Here’s the short answer: To save $8,000 in one year, spend $666 less than you make every month. The most effective way is to cut

Saving two thousand bucks in one year takes work. There are lots of ways to do it, and today I’ll share what I personally did to start saving $2,000 (and more) every single year. Here’s the short answer: To save $2,000 in one year, spend $166 less than you make every month. The most effective

When I first moved out, I got by on roughly $1,200 a month. I don’t miss the crappy apartment, the ramen noodles or the lack of a TV, but still, I look back at those times with a broad smile. Living on little builds character. But at some point, we all have to make some

Most people live on whatever they have. That’s not a good idea. You should budget, live below your means and save/invest the rest. In this article, I’ll help you figure out if you can live on $4K monthly as a single person or a family of four, depending on what city you live in, and

Living on $3,000 can actually be pretty good if you do it right. It depends largely on where you live and your habits, as we’ll see later in the article. Before we dive into the “hows” and the “whats”, let me give you the short answer: A single person can live on $3,000 a month