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Thread: Saving... Rule Of Thumb

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    God/dess Bella21's Avatar
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    Saving... Rule Of Thumb

    What's the recomended percentage that should be saved? 25%?
    If you think school is hard, try being stupid.

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    Veteran Member StuartL's Avatar
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    Default Re: Saving... Rule Of Thumb

    That is for you to decide!!

    In the financial services industry, it is 'recommended' to suggest 10% but that is really only because the clients would revolt if anything higher was mentioned.

    Save what you can comfortably afford to. If you are disciplined and stick with it, you will build your reserves over time.

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    Default Re: Saving... Rule Of Thumb

    Strippers, like pro athletes, tend to retire earlier than the average "Jane" and thus should probably be saving a higher percentage than the average Jane, unless their post-stripping/athletic carreer plans are more-or-less a continuation of the same income levels.

    At least, this is my take on it.

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    Default Re: Saving... Rule Of Thumb

    Percentages rule of thumb (not meaning to highjack or anything)

    Whats a safe percentage per month to spend on your car payment and car insurance?
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    Banned Katrine's Avatar
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    Default Re: Saving... Rule Of Thumb

    Save 20-25%. 10% is bullshit. Dancers need to save more. This does NOT include saving your income for estimated tax payments BTW.

    I have no idea what a "safe" percentage is for auto payments. Try to get the lowest interest rate, don't buy something you can't afford that guzzles all your gas. Shop around for auto insurance until you find something with a high liability coverage and high deductible. You're a dancer, you can come up with the cash for the deductible.

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    God/dess Lysondra's Avatar
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    Default Re: Saving... Rule Of Thumb

    My rule of thumb?

    As much as financially possible.


    It actually ends up being something like 55%. O.O;;;


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