How much do you save?

[Mr Khan]

Augen said:

Mr Khan said:

I run a monthly deficit of up to $120, and that's with food and gas covered by my parents, and not going into personal expenditures like videogames (which have been rare since i started this austerity regimen, three purchased games so far this year)

Edit: I never understood the naysaying "oh, social security will be gone by the time i'm old." No, it won't. The rapid graying of society is a trend that will hit a saturation point eventually, after which there will be an equilibrium.

The math will need adjusted no doubt, but these welfare programs are far from doomed.

I think the programs will at very least be reformed to accomodate people living longer and people above certain levels of income will not qualify.  My point is depending on it to be there and live on seems very optimistic.  I could see getting little to none of what I put in back, and I'd rather not leave such things up to chance as to how 2050 will look.  If I'm wrong I just have a bit of extra money I am not depending on.

Just be sure to spend any extra money you end up having. It's better for the economy

Once i get out of grad school, my only savings target, at least initially, will be to try to have savings of 3 months' salary (so try for 25% for my first year saved to cash/money market) as a safety net.