It’s a bit hard to quantify, as utilities are paid by direct debit from my bank account, and I really only need to keep cash for grocery shopping, petrol and other bits and bobs like the occasional night out or haircut. I save about two-thirds of my income, but of course the bills are paid out of that as they come due.
absolutely nothing. every time i think i can actually put money into savings, something comes up and i can’t (for example, right now both of my cats are sick and i’ve been spending an arm and a leg at the vet)
None. I can’t afford to save right now. I’m trying to sell my house so I still have that mortgage payment and utilities plus the home we are living in. Plus gas prices with the way they were, I drive 45 min each way to work so I’m tapped out until the house sells
While increasing your savings is good, multiplying your money through smart investments feels great - there are lots of opportunities out there and you can be successful if you're arming yourself with the right information.
Where to start?
If you're going to try your luck on the stock market or trading options, first start by learning the basics and delay as much as possible buying real positions. One way of getting hands-on experience with the markets is through online trading - either forex or binary options are good learning grounds and most online brokers offer trial accounts free of charge (if you're wondering what are binary options, 24option.com has very good resources on it, besides offering a free practice account and a wealth of information about binary trading in general). Final warning for the very eager: binary options are exotic financial instruments; real trading involves substantial risk of monetary loss.
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A little over 2,000. I saved 26,500 for retirement this year but some years major home repairs make me unable to save that much.
It’s a bit hard to quantify, as utilities are paid by direct debit from my bank account, and I really only need to keep cash for grocery shopping, petrol and other bits and bobs like the occasional night out or haircut. I save about two-thirds of my income, but of course the bills are paid out of that as they come due.
absolutely nothing. every time i think i can actually put money into savings, something comes up and i can’t (for example, right now both of my cats are sick and i’ve been spending an arm and a leg at the vet)
None. I can’t afford to save right now. I’m trying to sell my house so I still have that mortgage payment and utilities plus the home we are living in. Plus gas prices with the way they were, I drive 45 min each way to work so I’m tapped out until the house sells
Besides what goes into my retirement account, $5,000 per month goes into my liquid savings account.
1,000-1,5000