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Anonymous

08 Dec 2022

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Saving Hacks

How much savings your have at the age of 26?

I have been working for 7.5 years. My saving is around $40k. Is it healthy? I wonder how much money you have when you are the same age as me.

Discussion (34)

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Doesn't really matter how much absolute amount you have compared to others. Everyone has different circumstance and life goals, so in general, just make sure you have enough (or slightly more than enough) for what you're working towards and your lifestyle (either yourself or with your family).

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Like some others have said, strive to improve on yourself and compare to your past self.

You can't compare like that, it depends on your income level as well. As long as you're trying your best to save and making sound financial decisions then you're doing fine.

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Everybody is on their own timelines; as long as you set certain financial goals and work towards that, i think that its a commendable effort on its own. Comparision will never end.

I don't think it's the right question here since everyone has, or leads, different lifestyles; instead, it's how you manage your savings that matters and for what purpose you're saving for.

When I am 26yo, my bank has less than $10k w/ a $20k study loan. I am 50yo now. I live quite comfort...

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