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Posted on 6/18/14 at 9:31 pm to Teauxler
Thanks. Single income plus a baby are making it tough but I think we'll get there.
Posted on 6/18/14 at 9:34 pm to Sigma
Babies stop u from spending the money u spent before they came around. Youre breaking even now my friend !
Posted on 6/18/14 at 9:37 pm to LSURussian
quote:
To answer your question, from all those sources I'd say between 2X & 4X of your combined annual incomes.
Sheesh.... are you saying at 29 you would expect, on a pretend 100k dual, to have 200-400 banked?
Especially given the economy in the last 6 years (guessing they joined workforce at 24)
Posted on 6/18/14 at 9:40 pm to Mr.Perfect
Yes.
Why so late to start working? I started at 16.
quote:
guessing they joined workforce at 24
Why so late to start working? I started at 16.
Posted on 6/18/14 at 9:41 pm to Mr.Perfect
I read a Forbes article earlier this year with 'goals' and tips for money in general. I believe one had a goal of having 1x your annual salary in your retirement accounts by the time you are 35. I actually thought that was on the low end.
Posted on 6/18/14 at 11:06 pm to LSURussian
You had an IRA and 401k at 16
Posted on 6/19/14 at 12:31 am to Mr.Perfect
No, but I did have a bank savings account. Is that so difficult for you to believe?
Posted on 6/19/14 at 12:59 am to LSURussian
No... I had one too Russian.
The op was this
And I put over 50% into my first house with money earned and saved from 16-22 while in school.
Eta: saying that saving while young is huge.
The op was this
quote:
Realistically how much money through home equity, 401K, Stocks, and Cash should a married couple have saved with an average age of 29 years old.
And I put over 50% into my first house with money earned and saved from 16-22 while in school.
Eta: saying that saving while young is huge.
This post was edited on 6/19/14 at 1:00 am
Posted on 6/19/14 at 6:12 am to Mr.Perfect
I have no idea what your point is. "Cash" is a bank account.
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