I know. If I made 100k I could save 65k plus every year.
I know. If I made 100k I could save 65k plus every year.
When you make 100K the government will making saving 65k impossible. If you have no deductions (house, children exc.) they'll take 23-30% off the top. Lets take the middle route and say that you get 75k in hand.
Unless you had free necessities. It would be very difficult to live on approx 830/mo.
Realistically it would be a much healthier option to commit to saving 50K. 75k-50k = 25k/12 months= approx. 2080 per month. 2k/month will take care of basic necessities.
When you make 100K the government will making saving 65k impossible.
If you have no deductions (house, children exc.) they'll take 23-30% off the top. Lets take the middle route and say that you get 75k in hand.
Unless you had free necessities. It would be very difficult to live on approx 830/mo.
Realistically it would be a much healthier option to commit to saving 50K. 75k-50k = 25k/12 months= approx. 2080 per month.
2k/month will take care of basic necessities.
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