5min chapter

Maven Money Personal Finance Podcast cover image

275 - Megasode - The Greatest Hits

Maven Money Personal Finance Podcast

CHAPTER

What Countries Are Saving the Most?

If you earn 80,000 pounds a year and you're employed, you should be saving 900 pounds a month. This is just good financial hygiene. If you earn 40,000 pounds per year growth, you Should be saving 500 pounds a month,. investing 500 pounds a week. Senator Elizabeth Warren coined this online number 20% of net income to 50%. So that's essential spending like mortgage, your taxes, gas, electricity, food, I'd probably say 30%, discretionary expenses such as going on holiday or eating out.

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