Do I save enough?

Question

I was wondering If I save enough. I've been depressed lately due to I can't seem to save enough. I make about $2k a month and save $750 a month. In your opinion do you think I save enough money?

Answer 1

You are saving about 37 1/2 % and that is VERY good.  But what are you doing with your savings?  Do you have a Roth IRA?

Answer 2

A good rule of thumb for most people is to save about 10% of their after tax income.  For you that would be about $200, so you're well ahead of most people.  

You should go see a financial planner and do something really constructive with your savings, so they grow for you.  Contact your bank and they can give you some advice.  You should be investing it.

Best wishes

Answer 3

That sounds like a good amount to be saving each month. Well done.

Answer 4

hello - that's a great amount to save given your income.  good job!