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Sunday, 24 June 2007

Iamp;#39;m 26 yrs old....How much money should I have in savings, how much should I be making at work? -

I have a semester left of college to get my Bachelors, I don t have it yet because I ve changed majors 4 times and I ll have over 160 hrs credits for a 128 credit program...lol anyway I m just trying to see where I lay with everyone else...averaged out so how much would you expect the average 26 yr old to have in savings and what would you expect the average 26 yr old to earn also...same questions but apply the variable that I haven t finished my degree yet just wondering...I appreciate your answers|::::|Rule of thumb says your net worth should be: Your annual salary * your age / 10 So, if you re making $50K, then your net worth (home equity, cash, stocks, 401K, etc.) should be $130K.|::::|I m 24 and making close to $50,000. I don t have a lot in savings right now probably around 5000. But I put a portion of my paycheck into saving monthly to start to build one up.|::::|well i hope you get a lot of folks that will tell you they financial shape when they were 27!!! myself looking back i was in the air force -- tech sgt making low pay but half way to retirement -- my car was paid for and i might have had 15K total in other assets but this was in 1967!!!

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