How much money do you save per month?
Situation $35000 salary
How much money do you think I can save per month and what should my saving strategy be?
Average rent for an apartment, gas expenses, etc must be taken into account for a single person.
Any other financial tips welcome, thanks!
How much you can save depends on a number of things. I would have to know how much you spend on basic needs. But when I do my budget it looks something like this:
Rent/Utilities- $700
Student Loan- $100
Car Insurance- $56
Gym Membership- $37
Lunches (at work)- $100
Groceries- $200
Gas- $75
Credit Card- $75
Savings- $400
Cell- $60
Short term savings- $50
Car Maintenance- $25
Dining Out- $50
I make a little bit more than you do, but I save $400 a month. The easiest way to do this is open a savings account with ING or some other high interest yielding account and have a certain amount taken out every two weeks. As soon as my pay check hits the bank on Friday, ING takes $200 and puts it in my savings account. Also MSN Money has some great articles and tricks for spending, especially the Women In Red forum.
Hope that’s helpful.
How much you can save depends on a number of things. I would have to know how much you spend on basic needs. But when I do my budget it looks something like this:
Rent/Utilities- $700
Student Loan- $100
Car Insurance- $56
Gym Membership- $37
Lunches (at work)- $100
Groceries- $200
Gas- $75
Credit Card- $75
Savings- $400
Cell- $60
Short term savings- $50
Car Maintenance- $25
Dining Out- $50
I make a little bit more than you do, but I save $400 a month. The easiest way to do this is open a savings account with ING or some other high interest yielding account and have a certain amount taken out every two weeks. As soon as my pay check hits the bank on Friday, ING takes $200 and puts it in my savings account. Also MSN Money has some great articles and tricks for spending, especially the Women In Red forum.
Hope that’s helpful.
References :
ms jackson give you a workable budget!! so she deseerves a point!!!
References :