Confessions on Yik Yak | how much should I have in my savings/investments as a 24.5 y/o?

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Confessions 5w

how much should I have in my savings/investments as a 24.5 y/o?

Anonymous 5w

None spend it all traveling the world

Anonymous 5w

It’s always good to start saving in a 401k to get the contributions if your job has it. If not it’s recommended to save enough to have your salary saved (invested) by 30 and the earlier you start that the better. It all depends on you though and how long you want to work haha. Mostly as long as you have some banked for rainy days you’re mostly fine but make sure you budget well or you could end up worrying about money later which isn’t something anyone wants.

Anonymous 5w

In savings you’d ideally have about 1-3 months of expenses. In investments, if you can max out a Roth IRA annually you’re doing great

Anonymous 5w

If you haven’t made at least a quarter million by now, you’ve failed and should not try anymore sorry

Anonymous

#1 5w

okay that honestly makes me feel better bc basically I chose a lower (ish) income job where I am regularly traveling and sometimes I feel guilty i’m not saving as high of a rate as I could but this perspective makes me feel better 💀🙏

Anonymous

OP 5w

The world is literally your Oyster until you have commitments etc. Make the most of it, see as much as you can, spend wisely though on the things that will bring you the biggest satisfaction :)

Anonymous

OP 5w

I fw the message but definitely keep a band or two to your name at all times 😂 Shit saved me countless times

Anonymous

#2 5w

haha no that’s def true I def feel like and I def have more than that saved 💯🙏 I was just raised in a very frugal family so not being as frugal as possible at all times feels so uncomfortable to me 💀💀🙏🙏

Anonymous

#5 5w

u silly clown