We’re surrounded by people who spend plenty, but might be bank poor. Saving for the future is difficult because most people cant (and don’t want to) see far into the future, it’s not as tangible as next weeks bills, or the vacation in a few months.
Lucky for you, you’re working on getting out of the debt population, and into the saving class. Don’t get too caught up into worrying about retirement, this post on the basics of savings will help give you the simple guidelines to change your mindset, and set systems in place, so that you will stop worrying about short-term things (bills, repairs, etc..) and focus more on long-term growth.
Your financial situation is different than mine and most likely different than anyone else you know. It’s like a fingerprint, everyone has a different one. This is both scary and awesome.
It drives people to take no action at all, because they can’t copy someone else’s system, and they don’t want to think for themselves.
No matter what income, 10% is yours to keep