I liked this idea, in fact I liked it so much that I calculated what 20% of my salary was. After I got done crying and whipped the tears from my underpaid eyes I realized that this is just a good idea and not going to be practical for everyone, especially in today's economy. I always hate talking with a "doom and gloom" tone and I try to stray from that as much as possible but the reality is that right now families are going through tough times! People are losing their jobs or getting pay cuts so often that talking about saving money seems like the wrong topic! Maybe it would be better to write a blog on how to create your own job or how to not get fired. The reality also is that millions of families are asking about saving. Everything from where to save it to how much and when addressing the question of how much there is no right answer, no matter what the economy is like.
"Real Life" happens to all of us and is often the reason that we don't save all that we can. By "Real Life" I mean the things that we can't avoid spending money on yet things that aren't technically emergencies. For example, a bill that came in higher than you had expected or paying for your family to go pick out a Christmas Tree. Granted the later is a want but still, that is real life! All sorts of expenditures could be listed in the "Real Life" category and all of them aren't irresponsible ways to spend your money. So, what does the average family or person aim to save from their pay? I say, whatever you can just make sure you have a goal that you are steadily growing towards. Make sure that you aren't spending dollars on lunches out everyday or small things that will add up over the course of the month. Saving for long-term goals like retirement is all about being consistent and persevering so set a goal and start saving something!
As always I will keep this Short...until next time! (which is 10 months if I keep up my current pace)
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