is saving $250 out of a $650 pay a week good enough?

Answer 1

Depends on your life.
$250 is better than $200 but not as good as $300.

What are you plans for the future? If you want to buy a house than the sooner you get the down payment together the sooner you can quit paying rent and start paying yourself. The more you have saved the more options you have. Save as much as you can and put your money to work for you.

Build up a emergency fund (think car repairs not vacation)
Max out your employers match on your 401k
Fill up your Roth IRA every year
Build up a 6 month reserve to cover a long term illness or economic downturn. (Money Market)
Buy Mutual funds for additional long term savings.
Buy a house/condo and quit paying rent.

The more you have saved the more options you have. Save as much as you can and put your money to work for you.

Answer 2

well, depends on what you mean by good enough. You are probably saving more than 95% of americans save percentage wise, and that is a good thing. If you are making some money off it, and not putting it under your matress that is a good thing too. As long as you are managing to live well off spending 400 keep up the good work.

Answer 3

The debt subject and the compulsive spending could desire to be addressed as separate subject concerns. All you're able to desire to make your ideas up the thank you to deal with the debt is a spreadsheet and your reasoning skills. The spending is an impulse administration illness that comes from a primitive part of the ideas, no longer a rational habit, so rational thinking won't do a lot to assist. i could advise the two attending a borrowers' nameless assembly if there is one interior of sight or making an investment somewhat money in working with a psychotherapist who does low-value, answer-centred remedy for compulsive subject concerns. i could additionally heavily evaluate the economic advantages of leaving college till you're extraordinarily much finished.

Answer 4

That's fabulous! Anything over 10% is good, but when you're young the more you save toward a down payment on a home, etc. the better. ROTH Ira's are a great long-term start. You can save up to $4,000 per year in them.

Answer 5

Sounds pretty good to me. Some guy on tv the other day(Oprah show maybe?) said to divide your age in half, and save that percentage of your income. Something else interesting...years ago someone advised me to keep my bills one half of my income and I would always have money. Over the years I've applied this and it's worked really well for me. Also, invest in real estate if you can, house or land. Better than money in the bank!
Hope this helps!
~dance~

Answer 6

Yes, Just make sure your diverse, CD's, Savings Bond, 401K.
Just doing put in a Savings Acct

Answer 7

very good....check with your bank about short term higher interest cd's or accounts that give you higher interest.

Answer 8

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Answer 9

I think that's very good. Congratulations.

Answer 10

depends on what you're saving for