saving $400-$600 monthly. Saving & investments
- Thread starter Jordan>>LeFrozen
- Start date
KinksandCoils
African American Queen
It's just an example but yea if u get a mealthats how much a fast food meal usually costs
So fukking trueDon't get a girlfriend
My friend did this. He is we and has so much saved.
I'm about to do the same.
In a good position to save money now. Need to take advantage of it.
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http://www.mrmoneymustache.com/
http://earlyretirementextreme.com/
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I bring two bottles or water everyday
There's only do many times you can eat the shirty foods you listed
And no making my own coffee dosent work because it takes me an hour to get to work. I like drinking coffee while at work. Trying to cut down to one $1 McDonald's coffee per day though
Buy Rice, vegetables, protein and switch it up each day
My 401K is up, I don't have any qualms.
We're recommending to clients to have 6 months of bills saved up before they do any investing w/ us. That should be a bigger focus than anything if you don't have it.
We're recommending to clients to have 6 months of bills saved up before they do any investing w/ us. That should be a bigger focus than anything if you don't have it.
What do you recommend for people who don't have a lot of savings?
Even run of the mill index funds seem to start at a $2,500 - $10,000 minimum.
Just in general. Because I don't know that most people in the country (and likely the coli) don't have that kind of money laying around...or perhaps aren't willing to invest most (or all) of their savings.
Even if you've got 5K laying around its gonna sting to cut that in half for a while. People have car payments, kids...etc...
I bring two bottles or water everyday
There's only do many times you can eat the shirty foods you listed
And no making my own coffee dosent work because it takes me an hour to get to work. I like drinking coffee while at work. Trying to cut down to one $1 McDonald's coffee per day though
you can save 400$ learn to cook different type of lunches and buy a Coffey/espresso machine for work
Mutual funds with low management fee and no upfront commissions
For the savings part, I recommend having separate accounts for savings, expenses & pocket money, and settin' up a direct deposit directly to each account. Do the math and stick to that budget, cuttin' back on expenses as aggressively as possible. Pack a lunch, cut your own hair, etc. Aim to save a significant portion of your income, 25% or more.
But $10K is a lot for savings. Personally, I only keep enough savings for emergencies. If necessary, keep a separate savings account for big ticket items. Unless you have a house & luxury car, $10K is too much IMO.
Anything above & beyond emergencies, I'd invest based on your comfort level and knowledge. I'd look into mutual funds 1st. The Bogleheads' Guide to Investing by Taylor Larimore, Mel Lindauer and Michael LeBoeuf is a good read on the subject. The Four Pillars of Investing: Lessons for Building a Winning Portfolio by William Bernstein is another.
Clark Wayne
Superstar
Yeah I agree. I'd say everyone should probably have at least 5k saved up. 10k if you want to be extra comfortable. After that you should start investing.