“How much of my income should I save?” How much indeed! The darling citizens of Bitch Nation ask us this question all the damn time. And we love it when you guys ask, because it means we get to give you our favorite answer: “It depends!”
A day may come when we stop harping on about how personal finance is personal. But it is not this day. When we stop giving vague, rambling answers to straightforward questions and instead cut straight through the nuance to the heart of the matter.
This day we
FIGHT continue to drive home the point that an individual’s journey toward financial solvency is a complex and ever-evolving process! For while some people thrive under hard-and-fast money management rules, others decidedly do not. And today we want to reach those who prefer flexible guidelines to rules set in stone.
So instead of answering the question of how much you should save, let’s better define the question. Because I really don’t think you should be asking how much you should save. In fact, I think that’s entirely the wrong question.Read More