When I scored my first job out of school, I moved out into a tiny apartment in downtown Toronto—walking distance from the office. I managed to save about half

When I scored my first job out of school, I moved out into a tiny apartment in downtown Toronto—walking distance from the office. I managed to save about half of my after-tax income for a year and a half which came out to $26k. No car, no family to support, no travel, no expensive purchases (I remember deliberating for weeks about buying an iPod Nano). Doubt I could have done it with a family to support and multiple cars. I did have immediately family as a safety net but I covered my own expenses for whatever I needed after moving out, with the exception of a few meals here and there.