This page is a permanent link to the reply below and its nested replies. See all post replies »
Picklebobble2 · 56-60, M
It's harder today than it's ever been.
Employers want you earning less than your worth which means you have to work longer to get the same benefits you were entitled to 20 years ago.
The short answer is try to live within 70% of your earnings.
The remaining 30% should probably be divided between savings and shortfalls.
Meaning 15% should go in a financial product that adds interest to your savings.
Savings rates are appallingly low at the moment so be careful not to tie your savings to a product with too long a maturation date.
And the 'shortfalls' are living expenses which increase for no logical reason.
Rent
Mortgage hikes
Local tax rate increases
Sudden necessity repairs in time of disaster (fire; flood; boiler breakdown; burglary and all the things you never think of)
Employers want you earning less than your worth which means you have to work longer to get the same benefits you were entitled to 20 years ago.
The short answer is try to live within 70% of your earnings.
The remaining 30% should probably be divided between savings and shortfalls.
Meaning 15% should go in a financial product that adds interest to your savings.
Savings rates are appallingly low at the moment so be careful not to tie your savings to a product with too long a maturation date.
And the 'shortfalls' are living expenses which increase for no logical reason.
Rent
Mortgage hikes
Local tax rate increases
Sudden necessity repairs in time of disaster (fire; flood; boiler breakdown; burglary and all the things you never think of)
HumanEarth · 56-60, F
I know, I lost a big chunk of mine in 2023 due to unexpected medical issues and then faced medical discrimination at the company.
Let's add on top of sudden market changes. I lost additional 20% there.
Yeah. I now plan on working till I'm dead.
Let's add on top of sudden market changes. I lost additional 20% there.
Yeah. I now plan on working till I'm dead.