How much savings is good at 30
I know its different for everyone but let's say its a 30 year old who is on a real good path how much savings should he have at age 30.
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I know its different for everyone but let's say its a 30 year old who is on a real good path how much savings should he have at age 30.
i didnt have much at 30 i had a shitty job with shitty people and a big ole mortgage
by 40 i had a real job two new cars and everythin paid off startin to save
and im fairly comfortable now but prolly too conservative with investin my money
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Depends. Have they already bought a house? Are they paying off a student loan? Are you including pension/super/401k?
It's generally advisable to have an emergency fund that acts as a safety net for sudden changes in circumstances. The amount needed for that could be as little as 5k or as much as a million, depending on your lifestyle and how much you're able to save. For someone who already owns a home, has paid off any student debt, and has a decent pot for retirement, I think anything beyond the emergency fund is just a "nice to have".
When I was 30 I think I had about $30,000 (AUD) in savings, but I also already owned a home and had a decent chunk in my super. I had not finished paying my student loan. My savings were separate to all of that.