Millionaire to Millennials: Stop Buying Avocado Toast If You Want to Buy a Home

[Ganoncrotch]

mysteryman said:

Nymeria said:

 

"Approximately 62% of Americans have less than $1,000 in their savings accounts and 21% don’t even have a savings account, according to a new survey of more than 5,000 adults conducted this month by Google Consumer Survey."

https://www.marketwatch.com/story/most-americans-have-less-than-1000-in-savings-2015-10-06

 

Can have 1 in 6 with plenty of money, on the flip side the other 5 of 6 could be struggling to make ends meet.

It’s interesting that the results are very similar regardless of age. 

Some people are happy to not save, I've 2 mates who are perfectly happy to get their wages each week and spend them all before the next pack arrives, I would feel unwell if I didn't have at least the next few months / years rent in the bank. That was how I started off saving, just each month I would put away the following months rent asap, then I started to make a game of it, see if I could get the next months rent again before it would even start.... currently where I'm living I have.... 61 months rent saved up! It's a fun game :D

It's rather nice knowing I could lose my job(s) and just sit on the couch for 5 years wondering what to do next.