Author Topic: Excellent article about saving for a goal and career change  (Read 1921 times)


Johnez

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Re: Excellent article about saving for a goal and career change
« Reply #1 on: November 04, 2016, 09:53:07 PM »
Great article, thanks for sharing!

arebelspy

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Re: Excellent article about saving for a goal and career change
« Reply #2 on: November 06, 2016, 02:51:45 AM »
I got to this line:
Quote
The following are the lessons I’ve learned in the year after that Italy trip, or what I like to call, “How to Save $9,400 in a Little Over a Year (When You Make about $42,000 Annually).”

And just started skimming after that.

Hard to be super impressed at a 20% savings rate (9.4k/42k is about 22%, but she said a little over a year, so it's likely around 20% annually).

Especially when she claims 6 months expenses in her low COL area is $10,500, so that's 21k annually.  She should be able to save almost 50%!  A little will go to taxes, but where did the rest go, if she:
Made 42k, paid a few K in taxes, has annual COL of 21k, and saved 9.4k.  What happened to the other.. 10k-ish?

Good for her for making the move though!  I'm more impressed at the courage that takes, then the fact that she saved 20% of her income.  :)
« Last Edit: November 06, 2016, 02:53:39 AM by arebelspy »
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