How much should I be saving?

“To prepare for the future, let’s start the conversation with saving 10% of your income for future consumption. In other words, if you are making $100,000 a year, you should be thinking about saving $10,000 a year. (…)

I know that level of savings may sound unrealistic, but trust me on this. For most people, living on 90% of your income will not be that different than spending it all. You will, however, inevitably notice a difference in your standard of living if you spend 100% of your income now and save nothing for the future.”

Brad Brain_ How much should I be saving_ _ Alaska Highway News

This article was posted in All Columns, Money Management.
Are you ready to reach your great goals? Contact us today!
Back To Top