2 ms·
Because i need to be able to cover the costs (i.e. what is the savings in terms of purchasing power rather than absolute savings). If i lose my job tomorrow an
by bosie 10y ago
Because i need to be able to cover the costs (i.e. what is the savings in terms of purchasing power rather than absolute savings).
If i lose my job tomorrow and my rent is 2800, I don't really care that i save 1k compared to 700 per month (under the assumption i can't increase the purchasing power of my savings somehow).
- jupiter90000 10y agoOne idea is that by investing a larger amount of money while living in an expensive area, later moving to a less expensive area (perhaps upon retirement, etc) will leave you with more assets to work with than if you had stayed working in the less expensive area the whole time (and investing a great deal less due to lower wages).