How much money did you save each month when you were 25?

[skim milk]

none, because I decided to go get my master's

if I didn't, I would be completely out of debt and be able to save $2500+ per month.

I am paying off the tuition for the degree, I am not sure if it was the investment yet. I hope it pays off

 

[InflatableBuddha]

Kinda tying into my other thread about what you do recreationally, are you "younger" people like myself (sub-28, w/ or w/o a SO, no kids) spending some money on toys and stuff for present day use and saving w/e is left over, or are you saving it all for when you retire? In other words, are you actually living your life to the fullest or are you saving everything in the hope that one day you'll be able to spend it?

No toys. I splurged on a new computer 4 years ago and I've never upgraded it. I still drive a beater.

I've been partially saving for retirement and partially for traveling, which I'll be doing again in a couple months. I'll be selling a bunch of stuff before I go.

 

[vshah]

~3300/mo after 4% to 401k

-$1700/mo rent & parking (I hate NYC)
- $220/mo cell phone (family plan)
- $80/mo various telecom utilities
- $500/mo food
- $100/mo gas

= around 700 a month

 

[RockinZ28]

Kinda tying into my other thread about what you do recreationally, are you "younger" people like myself (sub-28, w/ or w/o a SO, no kids) spending some money on toys and stuff for present day use and saving w/e is left over, or are you saving it all for when you retire? In other words, are you actually living your life to the fullest or are you saving everything in the hope that one day you'll be able to spend it?

I've pretty much bought all the toys I want, within reason, at this point. Probably spend a bit more on getting one car up to 500rwhp, as my recreation is driving.

Definitely want to live an enjoyable, yet comfortable life till I die, rather than save every penny possible in hopes of living in luxury post ~55 if I even survive that long.

I'm sure I'll get quite a large sum from my parents properties/business when they pass anyway.

It seems some aren't thinking ahead that they should be making more money as years pass with promotions/raises beyond inflation. Should be easier to accumulate more savings at a faster pace if you don't add bills. I'm not having kids so think my monthly expenses should remain stable and hopefully decrease once I buy a home.

 

[thepd7]

SOme cities give people grants towards a down payment to move into their city. For the longest time Cambridge, MA did this to people who made under 60K a year. Now that the economy sucks, they stopped it, however.

they still have a damn good residential tax break though. Like $1500 per year on a $400k condo.