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Jun 23, 2020
8:33:12am
Nat Gas Man Truly Addicted User
This information is really only good if broken down by age group. I teach some
personal finance stuff and the numbers I use are:

20's = 10%
30%=20%
40s=30%
50s=40%
60s=50%

No one size fits all and many people never save less than 15% especially when young. But if you have kids, a mortgage and life it is tough

The one other thing I stress is for people to give up on the idea of a budget. While I do teach budgeting at many levels. A spending plan is better for the vast majority of people. They are similar but far different.
Nat Gas Man
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TXSmith
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Nat Gas Man
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Apr 28, 2010
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Aug 23, 2023
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