Viewing a single comment thread. View all comments

Main-Inflation4945 t1_iye65tf wrote

Reply to comment by WorstPapaGamer in How much % should I contribute to my non-taxable accounts to save for a downpayment? by badboyzpwns

If their take home is $60k, that means only $5k per month to cover all of their expenses, while also having enough left over to save. I don't see OP saving $200k or even half that in 4 to 5 years as the math simply does not work.

2

WorstPapaGamer t1_iye6uic wrote

OP says that their expenses are 12k or 17k (I’m assuming a year) so their expenses per month is roughly 1000-1400 (I don’t know how but that’s the data they’re providing).

That’s the only reason why I said that with this data it sounds like they could save that.

2