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rutee0753197dI have the following:
- Passbook savings
- Checking account
- Crypto (XRP, BTC, and ETH)
Passbook savings are just purely savings I don't touch. I try to deposit 10% of my monthly salary there every month.
Checking account is for paying my rent bills. I deposit the rent cost + a few extras just in case shit happens.
Cryptos are just money I don't mind losing. Although I have earned quite a few from it, I was able to pay electricity bills, etc. from its gains. I don't touch it these days.
These things saved me when I was unemployed for several months and had to pay for my medication.
-stash invest ($70/wk)
-savings from paychecks ($100-300 biweekly, but I frequently have to pull a small portion back out because I was too aggressive).
-4% of pay into IRA (employer adds another 4%)
I almost have a whole 2 week paycheck in my immediate savings account.
Saving is harder with kids
You can invest small amounts ($5 or so) in various ETFs, stocks, bonds. I'll shamelessly give you a code that gives you (and me) $5 for signing up
Edit: you may have to be in US for it
9% into 401K, employer adds another 9%
Profit sharing account.
Fidelity brokerage account, but I practically emptied it to help out my kids. Hoping they'll remember their poor ol' Da in years to come.
About $300.00/month into savings
I have about 1.5 months expenses saved. Need to build to 6 months, but life happens and taking care of fam comes first, so it has stagnated at 1.5 months.
I usually do, except lately I had a spending spree. Setting up my apartment.
Thin month should be the first one back on normal track, meaning I should be able to save 20-25% of my salary
apart from that I use hi-risk investment funds, which are barely a profit. At least covers inflation..
irene224457dI stash like 2/3 of my salary to bank account. I probably could live a year or more on it without doing anything, but I have no retirement plan.
drdre3277dI get 8% of salary to a pension fund.
I spend around 50% of my salary on monthly expenses. The rest I save up. Once per year I invest 1-2 months in shares and bonds. Whatever is left, I spend on travelling.
Minion3427dI bought a Nintendo switch
Nanos53777dMany years ago I had money saved..
Then I met someone romantically..
Then I got into debt..
I'm still in debt a decade+ later..
But not been in a relationship for years !
When I had savings, I simply distributed it among several different banks to earn interest. (In case one went bust..)
Advice = save as much as you can so you can retire early and enjoy your life whilst you are still alive.
Relationship advice = don't move into together, or the other person will steal your house and every penny you have now, and for years to come..
Relationship advice = don't repeat the same mistake more than once..
Friends advice = don't lend to friends, they hardly ever pay you back !
Family advice = don't lend to family, they hardly ever pay you back !
Nanos53777dOther advice, live with parents, save on renting your own place, save up and build your own place to live in.
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