Hello. I see a lot of posts on how to invest but I was wondering if you had any tips on how to organise expenses in your 20’s to have good financial prospects without damaging too much your work/life balance.
For context, I am 24, entering my 3rd year of working in digital operations for a multinational in Spain. Earning €2k/month with annual raises of 5 to 15% (keeping in mind it’s a country with relatively low prices). I rent a 1bd flat for 850/month and spend around 200 on bills without food. Currently debt-free and a few months shy of not living pay check to pay check. I have around 2k invested in stocks of companies I believe will have long term growth, and 2k in savings.
Yet I can’t shake the feeling that I’m perhaps settling in a lifestyle with high expenses too early on, and I should be more aggressive in trying to save in my early career days:
to already start building towards buying a house (what’s the recommendation for property investment if career is likely to make you move internationally a few times?) or start building an investment portfolio.
I’ve read some articles about the 50/30/20, is that a good rule to follow? Should I try to push to 40/30/30 if I’m able? Do you have any recommendations in hindsight of something you wish you would have done in those days?
Thank you!
Submitted May 06, 2020 at 08:30PM by lulufarmer https://ift.tt/3c9Et1G
