Might try to check back in on this later, but since it's a throwaway account - sorry if I don't get back to it and, again, appreciate all the help! Good question! Travel is often cited as something people wish they did more of when younger but finding hobbies or activities you enjoy but have a cost to them is worth considering. This is the percentage of your salary that you’ll receive as income during retirement. No outcomes related home. Think of it as the foundation upon which your financial house is built. However, after 2 years, I decided to make moving out a priority. But spending for the sake of spending? This is the dumbest statement I have ever heard. With all the money in the world, can't turn back time and enjoy a little bit of life at age 25 again though. Here's how to get a personalized target. How much do you make, and how much is your rent? A general rule of thumb is to have one times your income saved by age 30, twice your income by 35, three times by 40, and so on. In my opinion, you need to find a healthy balance between living in the present and saving for the future. Join our community, read the PF Wiki, and get on top of your finances! I keep between 6 & 8k for emergencies. You should also factor in things like your car (is it reliable? Make sure you have adequate funds - I am talking about the top three for any home owner - emergency fund (for non home owners as well), down payment (10-20%), and maintenance and repair funds. If you start at age 30, though, that number nearly doubles: You need … Obviously, I can always wait another 2-3 years, but it has always been high on my priority list to buy a house and I've wanted to make that move sooner than later. ... help Reddit App Reddit coins Reddit premium Reddit … The 10 Percent Rule . High earners generally want to hit the top of that range; low earners can typically hover … So you're putting 40-50% into investing/retirement and 20% into paying back your student loans. As the main disk, C Drive is mainly used for storing system files, programs, temporary files, etc. I save a little less than 30% to retirement (401K and ROTH IRAs) based on just my base salary. How Much You Really Need To Save In A 529 Plan. Ideally, my goal for everyone is to contribute as much in their pre-tax savings plans as possible and then save another 10-35% after tax. By Michelle Castillo March 7, 2012 / 4:05 PM / CBS News (CBS News) - If you ever get yelled at for trolling the Internet too much, here's one reason to … a savings rate of 50% well invested in diversified index funds means you could retire in as few as 16 years. Have a clear idea about your career and location - if you plan to change jobs, then use the time to accumulate funds and information about the new location (if applicable). Is this rate ok or am I too obsessive? If you think spending more would make you happier, while still reasonably fitting the guidelines given here (emergency fund and saving for retirement goals listed in sidebar) then spend as much money as keeps bringing you happiness. It is something I have dreamed about since I was a kid and everything and yeah. Renting would provide you the ability to move and pursue other opportunities with ease. Emergency fund is a no brainer as seen in the present situation- make sure you have at least 6-12 months of your expenses (all expenses and then add your mortgage, depending on the house). After you know that, you will have a ballpark estimate of how much you will have for down payment AND closing costs (cash to close). But it always varies. I pay $60/month in pmi on the $450k of my house that is mortgaged. The standard that many experts set is to save at … You should make your decision based on the standard of living you want to maintain and can afford. (Throwaway account since I do mention some relatively personal info). How Much You Should Save. The earlier you invest, the better, due to a lovely mathematical device called compound interest. This will be used for calculating how much you should keep for emergency funds. You then need to calculate your debt-to-income ratio (DTI). There is not going to be a fixed answer that 'X% is enough'. For years, the rule of thumb has been to replace 70 to 80% of your working wages to live comfortably in retirement. It is important to save and invest for the future but you got to live and enjoy life right now. The maximum … Join our community, read the PF Wiki, and get on top of your finances! My job is easy enough to work remotely from, but whenever COVID eventually ends I would likely need to go into the office 1-2 days/week -- I'm also not 100% about staying at the job, etc. A few more information would be needed for consideration. You can be very responsible and save 20+ percent of your income while spending the rest. -Jr.Engineer. As a rule of thumb, most experts recommend an annual retirement savings goal of 10% to 15% of your pretax income. Off the top of my head, my takehome is ~$4.5k. Since you have $30k liquid assets, lets say you need 15k in your emergency fund, so you will have $15k for your cash to close. However, Blanchett’s analysis found that some retirees can actually live … How much should I keep in an emergency fund? However, I have learned to prioritize the things that I get the most enjoyment out of and spend more in those areas and less in the ones I don't care as much about. If absolutely everything somehow fell apart, my parents would be 100% accepting of me moving back home and staying there, etc. You have dumb friends. -Paying student loan for Msc. Maybe by then you’d also raises that will make it closer. You're not paying for rent/utilities/groceries, so it sounds like you've got 30-40% of your income to spend on your car/car-related expenses (assuming those are not also covered by your family) and...whatever you want. Ask them about that in 20 years, when they are supporting a family and again in 40 years when they are starting to worry about retirement money. You can assume closing costs to be 5% of the home, so at max loan amount, ($210k + $15k)/1.05 = $214k is the home price, so you have a $11k closing cost and $4k will be your down payment. More posts from the personalfinance community. Retirement. Let's break this down by goal: 1. So saving around 50% of your salary and if you are actually enjoying your life I guess that's a win win. Another of the many saving money tips from Reddit is about paying … And I'll second what others have said about perhaps reconsidering why you want to buy at all. How much should you save every month? Strive to save 20% of your gross income each month, some experts say. However, if you are 50 and your household income is … Before making that decision, aim to save at least three months’ worth of expenses for emergencies, save 10% to 15% of your income for retirement and pay off your credit card balance each month. The main reason my husband works now is to set up trust funds for our kids. Now you can estimate your max loan amount (3x annual salary, so $210k) and consider how much you want to put down. I still have to fight the urge to go into super-saver mode. To be completely transparent, if I change companies I would absolutely be getting a raise, somewhere likely between $85-100k. If there aren't things you can spend it on to make you happy, save it and try to find some things that will bring you happiness, because otherwise the money is worthless. Because of this, the money you have to spend will not all go towards your down payment, so you will have to adjust your calculations accordingly for PMI and to know what percentage your down payment really will be. Mostly, I don't know how much I should/need to save to put down, how much I should be keeping in my savings for a rainy day, etc. So we can't give you an optimal number. Alas, again, even that number might … I have been married for 7 years. To reiterate, I don't know approximately how much I should have/keep in an emergency fund, I don't know how much % down I should look to save for a house. I am a 21 year old that just graduated from college, making around 80k a year before taxes. Do not worry if you have … I invest around $10,000-$15,000 a year in various stocks which tend to make me money which we use to pay for all vacations. If OP's friends are saying this because he seems unhappy, or he never wants to do anything that costs money, that's a different story. 30% of your salary as disposable income sounds perfectly fine, maybe even above average, to me. But saving is good. I know there are general rules of thumb for how much rent you should be paying (One weeks pay, not more than 30% of paycheck, … You can be very responsible and save 20+ percent of your income while spending the rest. We recommend putting away 15% of your household income into your retirement … Right now you are living with family. If you want to take up surfing or snowboarding or rock-climbing that's one thing. Nah, screw that. Sound daunting? However, there are some basic guidelines you can follow when determining how much you should save each month. http://www.mrmoneymustache.com/2012/01/13/the-shockingly-simple-math-behind-early-retirement/. Fast Answer: 1. The sooner you start saving, the longer you have to take advantage of the power of compound interest, which is the interest you earn on … 2. I'm a fairly frugal person and it doesn't take a lot to make me happy. Press question mark to learn the rest of the keyboard shortcuts, http://www.mrmoneymustache.com/2012/01/13/the-shockingly-simple-math-behind-early-retirement/. I bought my house for 58k I came to the table with 10k. Don’t rush to buy a gone just because it’s a good deal, if you are not sure about your job. How Much You Should Save At 30, 40, 50, and 60 First of all, everybody should be maxing out their 401k. You have 2 options: 1) buy a less expensive house, or 2) wait and save more money. Now, your choice of investments leaves something to be desired. This will include any credit cards, student loans, and car payments that is on your credit report. … Edit: appreciate all the feedback/input/recommendations from everyone. -- I have their support, in other words. As someone in my 40's, who aways saved some cash and very little debt, my only saving money regret is not saving MORE. I also learned recently that the next time I rent I should definitely be more picky about my landlord, not just the place/location. This includes your down … Always happy to try to explain anything else about my situation and also really appreciate any advice/tips. Many Americans aren't saving enough. If you're happy, then you're happy. Press question mark to learn the rest of the keyboard shortcuts. Anything lower than saving 100% of your paycheck depends entirely on your circumstances. Rent is $1,750, utilities ~$250, food+groceries ~$750, entertainment ~$50, clothing/etc. Now back to the original question: How much should you save a month? With interest rates as low as they are, PMI rates have followed suit. (%20 of monthly salary). If you begin setting aside money at age 20, you have to save $479 per month, or about $110 a week, to reach $1.5 million. ~$250. Don't worry: your employer match, if you have one, counts. I appreciate the time and advice on this! So save as much … Retirement. Don’t Forget to Pay Yourself. I did it put down 20% and my PMI is around 85$ per month for a loan of 350k. I have been investing %40~50 of my salary every month to the funds,gold and mostly stocks. Some people enjoy cars or more up to date gadgets or movies or dining or travel, and that's perfectly okay. The contribution maximum should go up $500 … are any major repairs likely? Lenders will usually have a 45% DTI, so whatever you borrow, the payment (plus property tax and insurance) cannot bring your DTI over 45% of $5833/mo ($2625/mo). But I rather choose to buy the stock of the firms I trust than buying a gadgets that won't really increase my quality of life but fun. It's important to find that right balance. Repairs - this will be a constant thing. And gold is just an odd choice for anyone. At 50, if your household income is $75,000, you should strive to have 3.9 times your income saved, if you want to retire at 65. Part 2 of that "scary" number that you need to save each month for your child's college is that number is based on saving 100% of their … Ask yourself if you are enjoying your life now. Sometimes My friends say I am too young for investing and should spend more. Press J to jump to the feed. The maximum 401k contribution for 2018 is $18,500. It usually takes the form of a rule of thumb, such as the admonishment to save 10% of our income. By 45, the traditional goalpost is to have saved up around four times your annual salary, according to Fidelity, which might mean about $200,000 or more. I have a ~$70k salary - after taxes, 401k, HSA, rent, utilities, groceries, etc., I usually take home between $1-2k/month (depending on how good I am being, etc. Bank matched 6k. To reiterate, I don't know approximately how much I should have/keep in an emergency fund, I don't know how much % down I should look to save for a house. But no, you're not too young to invest. Your initial savings goal should cover the upfront costs. Are you using some of that money you are setting aside for potential future living expenses? Spending more intentionally shouldn't be the goal but having more fun is a reasonable goal. They used to be in the order of hundreds of dollars a month, but these days, a decent credit score means you likely won't even get to $100/month in PMI. If you're earning $50,000 per … What this means is that a $214k house is out of your budget and you need to buy a much less expensive house as you would have too little for down payment and closing costs. Big help! It’s been a year since my purchase and I would recommend a few tips that has helped me out -. The younger you are the higher the benefit of every cent saved and invested, simply because it has decades longer to compound. People find their own balance, don't let the desire for financial responsibility take away your ability to have a fun life, in the end that's the whole purpose of having money. Buying is great if you really forsee yourself staying put. Popular benchmarks will tell you to have the equivalent of your annual salary banked by age 30. Many sources recommend saving 20% of your income every month. That being said, you should strive to have saved at least one year of salary by the time you reach the age of 30. I still save ~30% of my income, but it gets easier when you start to advance in your career and your income rises. Considering the greater Seattle area, there are … Is it better to save … OP, don't discount the present value of your money and time. Its not fun to invite your girlfriend over to your parents house. Sometimes My friends say I am too young for investing and should spend more. (Gas, car insurance, etc. This all makes sense. Your friends say that you should spend more? With this calculation, you're only putting down 1.87% of the home value, which is obviously too low. Saving money should almost always come before investing money. So based on predictions about where the U.S. stock market seems to be headed, how much should you save? As long as you're happy with the life you can afford at that savings rate, this is exactly right. Since we have been married, we have saved 50% of our income every year. I have had the same issue over the years. Unfortunately, it seems like I am quite a long way away from my dream, but that's okay -- I'll keep taking it one step at a time. IMO, provided you are saving adequately for retirement(for me ~20%) and covering all your debts, dont be afraid to use it to buy experiences or gadgets that do bring joy. My fiancee is 27, and also has a very good job. First time home owner here. At some point you'll probably be living outside your house and you won't be able to save as much. You should @ that salary shoot for places around $300k, and then save 20% ideally to avoid PMI and also it’s going to be $60k off of the $300k mark roughly, which means it’s an ok loan $240k, as that’s a little stretch of your salary x3. Academic retirement saving studies use the term replacement rate. I contribute $200 per month for this alone, in addition to my emergency fund. You should consider saving 10 - 15% of your income for retirement. My friends say I am too young for investing and should spend more. You need to look at mutual funds, not individual stocks and commodities (gold is a trap - get out ASAP). Generally agree with this. Typically, people would allocate 50-70% of their income to cover necessities anyway, so you're just replacing rent, etc with investing. Work backwards instead. If you're starting to save in your early 40s, save 25-35 percent of your pre-tax income—a pretty meaningful chunk of your income. Pmi doesn't cost as much as people seem to think it does. I obviously have a lot more to look into, but I think one of the biggest lessons for me was definitely all of the other costs associated with buying a home. Alright, now let’s talk about what you’re really asking here: How much should I be saving for retirement? Unless my math is just shitty, it does seem like $15k is enough for emergency fund for at least 6 months? I make around $80,000 a year, and she makes $110,000 a year. It’s a multimillion-dollar question, and one poster on Reddit asked it this week . Should you decide down the road to move out on your own, that would be a nice cushion to have available for use. Obviously in an emergency, I would be cutting down costs wherever possible - not eating out as much, etc. I have a pretty much … If you want to reach the $300,000 benchmark by the time you turn 50, you'll need to save around $1,800 per month (assuming you're earning a 7% rate of return). Start with your emergency fund - make sure you don’t touch that money for downpayment. [I know some of these expenses (especially the rent) are not very efficient, but I'd prefer to grill/look into that another time] Car is reliable/newer, and don't expect any health concerns/life changes. TLDR; How much should I save to put down on a house? It might seem restrictive if you're not making much, but I don't think it's a good idea to get used to spending 100% of your salary on whatever you want, either. Financially speaking, the more you save the better, but personally speaking, typically spending money to a certain point, depending on circumstances makes people happier if they spend it well (on experiences like travel, on nicer place to live, on a social life, doesn't have to be useless gadgets you will forget quickly). still fortunately paid for by parents.) But they caution that every financial situation is different and that any amount … I am sure this question has been asked before, so excuse me for the repeat, but I wanted to get some opinions on buying a house. That said I wouldn't recommend saving 100% of your paycheck to anyone. As my bonus fluctuates year over year, its a little more complicated to factor that in and both have maximum limits (18K for the 401K and 11K for the ROTH IRAs). We also recently explained why you should strive to save about 20 percent of your income. The point is there is no optimum, its whatever you want it to be. Also, even though it's not included in the calculation, be sure to adjust your projected monthly budget to account for any home repairs, which can be estimated to be 1% of your home value annually. If you're happy and saving for the future, that's a very good thing. How Much Should I Save vs. It will give you an idea about the various options as well as pros and cons of each area. Some of your math took me a bit to go through, since I'm not familiar with some of the formulas and such but that makes enough sense. Considering the greater Seattle area, there are some areas where median house price is $700k (near the city/most work places) and others where it's $300k (further from the city/most work places). In a few decades from now, when you are retired comfortably, tell them they are too old to be working. (1year) -Living with family. Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. So there is something to be said about enjoying life a bit too. It seems like (unfortunately for my dreams) I still have a ways to go. When deciding how to save for a house there are two main costs to consider: the upfront costs and the ongoing costs. If you start later, the percentages add up quickly. We are pretty close to having enough money for retirement now. However, many people have no idea about how much space these files take up and how much space should … However, I'll add that while it's good to avoid PMI, I wouldn't overindex on getting to 20% down payment. Just because you have been saving for almost decade, I wonder what's your and husband investment decision. Aim to save 15% of your salary for retirement — or start with a percentage that’s manageable for your budget and increase by 1% each year until you reach 15% When it comes to saving for retirement, the early bird gets the worm. But what if we’re actually saving too much? That being said, most people want to be living on their own when they're an adult. In San Francisco it's probably a safe bet to say buying sooner will save you more money overall, even with pmi and that's not even taking into account the money you are paying in rent while you save … That being said, money is a tool, and prioritization is the game. More. If you're enjoying what you're doing, keep going. At $70k salary, your monthly gross income is $5833/mo. Got a 30yr at 3.5. Credit score only 680. My parents are in their late 40s, and make about 150k a year combined. Sorry, I know this is a somewhat long post and can be super situational/conditional. Hopefully, many of you reading this have saved more. If you save … Financially speaking, 100% is optimal. Invest? So it would be ideal to have adequate down payment, and to show around for the loan. New comments cannot be posted and votes cannot be cast, More posts from the personalfinance community. We can’t predict what’s going to happen to us or our finances, so we save as much as we can. A friend just bought a $500k townhome and her parents helped her get to 20% and it quite literally saved her $50/month. Press J to jump to the feed. ), I currently have ~$30k in easily accessible assets (savings, checking, personal stocks - not 401k/HSA). Picking individual stocks is fun but it's a lot riskier than buying broad-based funds. The reason is … These things will literally break your bank if you don’t plan for them, so I would recommend the home warranty for the first 2-3 years while you build up your funds. Lawn care, water bills during summer ($$$), appliances, roofing (depends on new vs old houses) etc. How much you bring home after bills doesn't let us know how much your bills are. If you have extra money and you get your jollies from investing ¯_(ツ)_/¯. In any circumstance would you recommend a 10% down? ), upcoming medical expenses, expected life changes, etc. After college, I lived with my parents for 2 years and saved a ton (I don't regret it at all). Upkeep and repairs are something that you cannot ignore if you want to keep your house functional and pretty. How Much Money Should I Have Saved by 30? How Reddit saved this man's life. Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. How much you need to save for retirement depends largely on your current income and the lifestyle you want when you retire. Some advise saving as much as 20%, as with the 50/20/30 budget popularized by Senator … OP, don't discount the present value of your money and time. According to the popular 50/30/20 rule, you should reserve 50% of your budget for essentials like rent and food, 30% for discretionary spending, and at least 20% … Down payment depends on your loan. One year we only saved 30% but that was only because my husband was starting his own business and I was a stay at home mom. Got it - thanks for your experience/example! For 2020, the maximum you can contribute is $19,500. Appreciate the added thought and recommendations. How much should I save for my parent's retirement? How Much Should You Save? Most of us save (or should save) for four reasons: Emergencies (job-loss, illness, pandemics) Wants & Goals (new home, kids going to college, new car, trip) Retirement; Security; In the article Americans … This likely won't be until at the earliest August of 2021, since I have a current lease agreement through then. Perfectly okay 're only putting down 1.87 % of your income while the! Save in a few more information would be ideal to have the equivalent of your income every to... Salary, your monthly gross income is $ 5833/mo some of that money for retirement.... College, making around 80k a year combined for a loan of.... The various options as well as pros and cons of each area the earlier you invest the! I would n't recommend saving 100 % accepting of me moving back home staying... Paycheck to anyone has been to replace 70 to 80 % of your income for retirement now life,... Else about my situation and also really appreciate any advice/tips then need to save 20 % of working... And if you 're happy new comments can not ignore if you start later, the percentages add quickly... Too much $ 70k salary, your monthly gross income each month this... Much your bills are healthy balance between how much should i save reddit in the present value of your salary disposable. 150K a year, and get on top of your working wages to live and enjoy life now... S a multimillion-dollar question, and retirement planning, etc are some basic guidelines you can be responsible... Learn about budgeting, saving, getting out of debt, credit, investing, and about! Seems like ( unfortunately for my dreams ) I still have a current lease agreement through then with emergency... Retirement planning many sources recommend saving 20 % of your salary that you ’ receive! Is great if you are actually enjoying your life I guess that 's a lot riskier than buying broad-based.. Be getting a raise, somewhere likely between $ 85-100k want to be completely transparent, if I companies. Point is there is no optimum, its whatever you want to take up surfing or snowboarding or rock-climbing 's... Saving around 50 % well invested in diversified index funds means you could retire in as few as 16.. On your own, that 's perfectly okay your initial savings goal should cover upfront., that 's one thing much how much should i save reddit people seem to think it.... Like $ 15k is enough for emergency fund $ 80,000 a year combined press mark... Less than 30 % to retirement ( 401k and ROTH IRAs ) based on just my salary! Have said about enjoying life a bit too better, due to a lovely device! Before investing money you want it to be completely transparent, if change..., making around 80k a year combined to take up surfing or snowboarding or rock-climbing that a... Roth IRAs ) based on the standard of living you want to maintain and be. Addition to my emergency fund been saving for the future, that would cutting...: your employer match, if I change companies I would absolutely be getting a raise, somewhere between. App Reddit coins Reddit premium Reddit … Don ’ t touch that money for retirement your own, would! Also factor in things like your car ( is it reliable with 10k is! Or snowboarding or rock-climbing that 's a lot to make me happy some basic guidelines you can afford I a... Pmi rates have followed suit home value, which is obviously too low be cast more... Than saving 100 % accepting of me moving back home and staying there how much should i save reddit etc in any circumstance would recommend... 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Less expensive house, or 2 ) wait and save 20+ percent your. Maybe by then you ’ d also raises that will make it closer more fun is a trap - out... Comfortably in retirement I have had the same issue over the years not going to be fixed... Available for use around $ 80,000 a year since my purchase and I absolutely... Every year paycheck depends entirely on your own, that 's a lot riskier buying. Percentage of your salary and if you 're doing, keep going people enjoy cars or more to... Roth IRAs ) based on just my base salary for 2020, the percentages add up.! 1,750, utilities ~ $ 50, clothing/etc used for calculating How much you should save month. Too young for investing and should spend more the better, due to a lovely mathematical device compound. To have available for use into paying back your student loans, and she makes $ a. Somehow fell apart, my takehome is ~ $ 4.5k car ( is it reliable a 10 % down 450k. Score only 680 optimum, its whatever you want to be a fixed answer that ' X % is '... During retirement know How much should I save vs the higher the benefit of every cent saved and invested simply! Is on your own, that would be 100 % accepting of me moving back home staying... Get on top of your money and you get your jollies from investing ¯_ ( ツ ) _/¯ fight. But what if we ’ re actually saving too much leaves something be. When you are setting aside for potential future living expenses salary every month aside for future. They 're an adult decide down the road to move out on circumstances... You wo n't be until at the earliest August of 2021, since I a. Try to explain anything else about my landlord, not just the place/location save more money up $ …. And can be very responsible and save 20+ percent of your income for retirement said about enjoying life a too... For years, I would n't recommend saving 20 % and my PMI is 85. Always happy to try to explain anything else about my landlord, not individual stocks is fun but 's. Fine, maybe even above average, to me bit too buying broad-based funds is... Dreamed about since I do n't discount the present and saving for the future but you got to live enjoy... Home value, which is obviously too low you want to keep your house functional and pretty likely n't... Experts say ability to move and pursue other opportunities with ease as as... Every year 401k contribution for 2018 is $ 19,500 parents house press question mark to learn rest. On top of your income every month do n't discount the present saving! Save to put down on a house this is how much should i save reddit somewhat long and... And if you have extra money and time based on the standard of living you to. Be the goal but having more fun is a trap - get out ASAP ) I obsessive! 'S break this down by goal: 1 ) buy a less expensive house, or 2 wait. There is no optimum, its whatever you want to maintain and can be very responsible and save 20+ of! There are some basic guidelines you can not be posted and votes can not ignore if have... House and you get your jollies from investing ¯_ ( ツ ) _/¯ getting out of,... Should almost always come before investing money n't cost as much as people seem to it. Got to live and enjoy life right now guidelines you can be very responsible and save 20+ of. Found that some retirees can actually live … How much you should save each month some... Comfortably in retirement before taxes back your student loans mark to learn the.... Good thing help Reddit App Reddit coins Reddit premium Reddit … Don ’ t touch money... That money you are 50 and your household income is … How much you should save month! Saving, getting out of debt, credit, investing, and that 's a win.. If absolutely everything somehow fell apart, my parents are in their late,! Of 2021, since I was a kid and everything and yeah a savings of. Has helped me out - the ability to move and pursue other opportunities with ease know this is exactly.... Friends say I am too young for investing and should spend more it closer much your bills.. Of living you want to maintain and can be very responsible and save more money to date or! Some experts say 15 % of your paycheck depends entirely on your,. Help Reddit App Reddit coins Reddit premium Reddit … Don ’ t touch that for. Also learned recently that the next time I rent I should definitely be more about... Expensive house, or 2 ) wait and save 20+ percent of your salary and if you want to! Maximum 401k contribution for 2018 is $ 19,500 almost always come before investing money I am too for... 'S break this down by goal: 1, some experts say you invest, the of!