this post was submitted on 26 Jul 2024
193 points (97.1% liked)

Asklemmy

43391 readers
1478 users here now

A loosely moderated place to ask open-ended questions

Search asklemmy 🔍

If your post meets the following criteria, it's welcome here!

  1. Open-ended question
  2. Not offensive: at this point, we do not have the bandwidth to moderate overtly political discussions. Assume best intent and be excellent to each other.
  3. Not regarding using or support for Lemmy: context, see the list of support communities and tools for finding communities below
  4. Not ad nauseam inducing: please make sure it is a question that would be new to most members
  5. An actual topic of discussion

Looking for support?

Looking for a community?

~Icon~ ~by~ ~@Double_[email protected]~

founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 44 points 1 month ago (1 children)

If 20 year old me put away 10% of her income, it would just mean borrowing more. Current me would just have more debt and be worse off than now.

[–] [email protected] 42 points 1 month ago (2 children)

Yeah a lot of people in there twenties can't even spare 5%. I'm thirty and I can't.

[–] [email protected] 7 points 1 month ago (1 children)

"Save money for retirement" Yeah so I can pick up painting? The only thing I'll be able to paint is the ceiling if I want to retire.

[–] [email protected] -1 points 1 month ago (1 children)

Have you seen the price of emulsion?

[–] [email protected] 3 points 1 month ago

Oh I was going to use the free stuff and use a 12 gauge brush

[–] [email protected] 1 points 1 month ago

Some companies in the US have a deal to where they match on 401k. One such organization puts in 5% for your 2%. Two percent is low enough it wouldn't be a hit to almost any cash in your pocket given that the money is taken out pre tax.