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If you're in the US, and are a programmer, your savings are way way too low for your age. It means you either haven't been changing jobs often enough, getting m
by imaginenore 10y ago
If you're in the US, and are a programmer, your savings are way way too low for your age. It means you either haven't been changing jobs often enough, getting massive raises every time, or you spend too much.
If you're a US citizen, consider finding a well paid hourly remote job, and move somewhere cheap. You can reduce your work hours to literally 1-2 per week, enough to sustain yourself. Europe is quite cheap if you avoid big cities, Switzerland, and Norway. Most of Asia is very cheap except Singapore and Japan. There's also Africa, South America, and a gazillion island nations.
- koejoelo 10y agoThanks for the reply. What is ideal saving range for 31 years old? I am not a US citizen. I changed job three times without significant raise. I was in Bay Area until Apr-2016 for 1.5 years making $120k a year. Before that, I was making $80k. I started first job on $65k.
- android521 10y agoHow much should a programmer have saved by 31?
- dev-ious 10y agoI have 200k at 24...
- soulchild37 10y agoI have just 5k at 23... I live in a third world country where USD 2k monthly salary for programmer is considered top-tier level...
- smt88 10y agoWhether or not you have saved enough should be a function of living expenses, not wages. If you have $5k and can live on $600/month, that's great. If you need $1k/month in expenses, then it's not great at all. As soon as possible, you need to have enough saved to cover an unexpected, large expense (car/home repair, medical emergency, moving to a new place, etc.) and at least 6 months of living expenses. I personally have at least 12 months of living expenses at any given time.
- brianwawok 10y agoDepends on variables and goals. If you want to retire by 35, a lot. I'd you want to retire at 70, then perhaps 50k is on track.