The legendary 50% savings rate – for some it seems unattainable. But, the truth of the matter is that it’s just simple math. The math is the easy part, though. In order for this to actually work you will have to (1) track your spending, (2) control each expense category, and (3) save the difference.
This post will show you exactly how much you can spend at various income levels in each of your expense categories in order to achieve a 50% savings rate (or better).… Read More