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Personal Finance 1w
Is 10% of your paycheck into savings enough?
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16
upvote 21 downvote
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Anonymous 1w

The much bigger focus should be how much you’re putting into investments

upvote 6 downvote
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Anonymous 1w

Short answer: NO

upvote 4 downvote
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Anonymous 1w

Nah

upvote 2 downvote
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Anonymous 1w

Yes i think so but basically the more you can put away the better, without totally denying yourself any enjoyment today for a future that isn't guaranteed. Most people save next to nothing (and in fairness may not even be able to) and don't even think about a rainy day or retirement until those best compounding years are in the past.

upvote 2 downvote
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Anonymous 1w

Me personally I try to aim for 50%

upvote 1 downvote
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Anonymous 1w

I put 10% into my HYSA and 10% into my Roth IRA

upvote 1 downvote
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Anonymous replying to -> #1 1w

That is crazy

upvote 3 downvote
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Anonymous replying to -> OP 1w

To be fair I do typically work like 60+ hours a week, my car is paid off, and I managed to get good scholarships from college so my expenses are low. Thats the only reason I can max 401k and put in a bunch of savings. After college I’ll have to reduce the savings quite a bit if I still want to do anything enjoyable

upvote 2 downvote
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Anonymous replying to -> #1 1w

Well I’m not you

upvote -3 downvote
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Anonymous replying to -> #1 1w

So no I won’t be doing that

upvote -3 downvote
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Anonymous replying to -> OP 1w

Dude asked a subjective question and gets mad when he gets a subjective answer

upvote 16 downvote
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Anonymous replying to -> #4 1w

Thank you

upvote 1 downvote
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Anonymous replying to -> #6 1w

The best and most underutilized investment vehicle available is to make full use of your HSA (Health Savings Account). Yes, it sounds weird, but hear me out. You can put in up to $4,300 in 2025 with pre-tax income so that part functions like a traditional 401(k). BUT you can then invest that amount and that growth grows tax-free like a ROTH 401(k) without having to pay the taxes up-front or at all. Literally the best of both worlds.

upvote 3 downvote
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Anonymous replying to -> #5 1w

0

upvote 1 downvote
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Anonymous replying to -> OP 1w

That’s an issue. The very best savings accounts right now are going to pay maybe 4% if you’re lucky which will barely beat inflation but the market has historically returned about 10% a year

upvote 1 downvote
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Anonymous replying to -> #5 1w

Wants an investment account

upvote 4 downvote