3 ms·
Savings is important no matter your income. However you'll find its a lot easier to save money as you make more money. My savings rate AND my absolute dollars
by steveBK123 3y ago
Savings is important no matter your income.
However you'll find its a lot easier to save money as you make more money.
My savings rate AND my absolute dollars saved have gone up as I progressed through 20s/30s/40s/etc.
Increases in your rent or real estate taxes +/-5% don't matter as much when housing is a lower overall % of your income. This is a big hurdle in HCOL areas when you are starting out, so the faster you can move through that phase the better.