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How much do you save?


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seeking advice
Posted

I'm earning about 40K permonth but somehow manage to only save 10K per month- I blow the rest. Its concerning me since I should be saving a nest egg.

 

How can i save more? Any ideas welcomed

Posted

You are earning 40K per month, right? That would be $40,000 in U.S. Currency if you are in the U.S. That would mean you are making somewhat more than the President of the U.S. and the CFO's of most American corporations.

 

So you are saving $10,000 and blowing $30,000 per month. If you want to save more, blow less.

 

Can I be your good friend?

Posted

Please tell me you mean 4K ($4,000). I'll still be jealous even if that's the case. Why don't you open a couple of mutal funds and have them automatically take a certain amount out a month. It's not as easy to access, so it's not like you can put a card in a machine and withdraw money like a regular savings account. Plus I think it's like 2-5% interest a year, where a regular savings account is 1%.

 

By the way, if you really are making $40K a month, will you marry me? I can cook.

Posted

LOL Carrie ... but then again, what would you do if HE isn't a HE ... but a SHE. I don't see why that isn't possible :)

Posted

For that kind of money, I'll take a he or a she.

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