re: Money in savings at different ages

Being chronically broke in college was a really good thing for me. It made me know that I did not want to live that way. However, saving up money in college is insane to me. You should be using your time to gather life experiences. Saving $200 a month when you only have $400 a month in disposable income is absurdly difficult when compared to saving an extra $200 a month when you are 5 years into your career and making $75,000 or more.

I think the real gauge of how much you have in savings is your amount of fixed expenses. If you rent an apartment and drive a paid off car, your required capital reserves are much lower than someone with $2,000+ in car and home loans.