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How much should you have in savings by age 24? watch

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    • Thread Starter
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    As above
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    Savings?
    doing medicine, I would probably in loads of debt tbh
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    20k I should have that much at the very least
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    £0
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    What kind of question is this?-__-

    You can't just put a cap on how much someone should earn by the time they hit a certain age.

    It depends on the person, not their age!!
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    £240k net worth
    • Political Ambassador
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    A hundred money.
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    in depends as you could have 15-20k savings
    or a long term investment or a treat for yourself
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    Assuming graduation and instant employment at 21 gives 3 years worth of savings.
    It then depends on how much you are saving per month. At a conservative £200 a month; £7200.
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    A million rupees.
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    (Original post by hihihihihi)
    A million rupees.
    Just under £10k. Not a bad target tbh.
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    (Original post by Reue)
    Just under £10k. Not a bad target tbh.
    even a 100k still won't get you a 1 bed in central mumbai or delhi
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    (Original post by Reue)
    Just under £10k. Not a bad target tbh.
    il be two years out and Im required to save 10k. seems doable ish...

    saying that at a young age its probably best you make the most of opportunities rather than get overly focused on the money so young
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    I don't think it is possible to put a "should" on it, as everyone's situation is different. Someone with an income of 30k a year from the age of 21 could very well save 10k up within 3 or 4 years if they are frugal and don't live in a rip off area. But someone on a lower wage or minimum wage job may not be able to save very much at all if they rely on their single income.

    I don't think there really is a figure everyone should aspire too, instead I think everyone should aspire to be smart with their money and to save where they can in an effort to be as financially secure as possible.
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    (Original post by Koolin123)
    As above
    The absolute minimum amount thay you should have in savings is 6 months of living expenses (that includes rent, bills, food, clothes, going out and any holiday you might want), because if you lose your job you should be able to sustaim yourself for a few months while you look for another job



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    At 24 I had 0.

    Change to 27 and ask in a while, I may have a more interesting answer.
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    (Original post by Rakas21)
    At 24 I had 0.

    Change to 27 and ask in a while, I may have a more interesting answer.

    Hello

    I am 24, it was my birthday last month
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    Depends on person
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    (Original post by Rakas21)
    At 24 I had 0.

    Change to 27 and ask in a while, I may have a more interesting answer.
    Go on!
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    (Original post by Bill_Gates)
    Go on!
    By a while I meant months.

    I currently have none although I am now employed.
 
 
 
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