Carnival of Personal Finance #137 includes our post: Your Home as an Investment. Some great links in the carnival:
how much should you save for retirement? - “Assuming 8% growth annually, I’ll need to contribute about 20% of my current salary every year.” (a bit high I think…)
How to “only” yourself to death - “Some quick Excel work tells me that by cutting out and cutting back we dropped our ‘only-ies’ from $316 per month to $191 per month (and a lot of that is cell phone). That’s a 39% monthly savings or $1,500 a year back in our pocket.”
10 Tips for First time Apartment Renters - “you should be paying 1/3 of your gross income, so if you make $5,000 per month before taxes, your rent should not be more than $1,666″
Related: saving for retirement
Comments
1 Comment so far
Thanks for the link!
My 20% number is 20% of my 2007 salary (not 20% of my yearly salary) ie, a static number. It’s also an average, some years will be more and some years will be less.
I just didn’t feel like sharing exactly how much I make with the internets.