Quote:
Originally Posted by maat55
I remember reading in The Wealthy Barber, As long as you invest at least 10% of your income, it doesn't matter how badly you spend the other 90%. But I will have to disagree to some extent.
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I don't think the 10% figure is enough. I'd say at least 15% and preferably higher. As I said, we save at least 20% (more like 22% or so currently I believe) and I really don't care a whole lot about exactly how the remainder gets spent. As long as all the savings goals are being met, I don't see that it really matters what percent goes to food, how much goes to travel, what gets spent on entertainment, etc.
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