The answer to this question depends on a lot of variables.
For example, one 22 year old may want to live a lavish lifestyle of nice cars, huge houses, and extravagant travel. This person would likely want to put more back for their future (although they almost never do)
Another 22 year old may be perfectly content living a typical middle class lifestyle. They would need to put back less
Wealth is all about income relative to spending. To figure out how much you need to save, you may first want to figure out your future desires and how much you need to earn.
15% of your gross annual income is a good place to start. This is the industry agreed upon number for normal retirement age. Personally I think we all work too hard and it should be 20% or higher. This will help you retire sooner or you could ramp up your income. I would do this with online income strategies.
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about 5.7 billion dollars a year
Not enough to buy a social life
alot because it helps to make more product
as much as they can save
If you save 4 quarters for a whole year, you would of saved just 1 dollar.
SavingsIf you start with $0.00 and save a penny daily, you will have saved $3.65 in one year (or $3.66 in a leap year).
You should be able to match your salary in 8 to 12 years time. Lets say you make 50,000 then you should put about 5,000 towards your 401k per year. If you go towards that rate, then by the time your ready to retires you should have enough money saved to do so.
They should get about 30 a month.
Mayella saved the money for a year to buy a chiffarobe.
That depends upon the length of time that you wish to spend, saving your money. There are 52 weeks in a year, therefore if you save $38.47 per week, you will have saved $2000.44 after one year.
i dont know you should ask her
$50 000 a day