• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

Jobacle.com

Career advice blog - with an edge.

  • HOME
  • CAREER ADVICE BLOG
  • CAREER NEWS
  • FIND A JOB
  • BLOG ARCHIVE
  • ABOUT US
  • CONTACT US
You are here: Home / 2014 / Archives for January 2014

Archives for January 2014

How an Online Savings Account Taught Me About Financial Strategy

by Werdna Yug Leave a Comment

I got my first salaried job after three years of temping and retail, and was very excited to finally bring in enough money to start planning for the future. I didn't know what that future was going to be -- a wedding? a baby? retirement? a crazy round-the-world adventure? -- but I knew that I needed to start setting money aside to make it happen. I earned $42,000 that first year working as an administrative assistant at an insurance company, and by the end of the year had saved $7,000. This is right on target; finance experts recommend that you should save approximately 20% of your after-tax paycheck, and I had saved just a bit over that key percentage. However, $7,000 didn't seem like all that much. Maybe it was enough for a round-the-world trip, but it certainly wasn't enough for buying a home, or even buying a new car. And I could forget about retirement; if I only saved $7,000 each year, it would take me four years of working to save for one year's worth of retirement expenses, … [Read more...] about How an Online Savings Account Taught Me About Financial Strategy

Filed Under: Career Advice Tagged With: Financial Strategy

Primary Sidebar

Search

Social

  • Facebook
  • LinkedIn
  • RSS
  • Twitter

Post Categories

  • All About Bosses (19)
  • Annual Review (1)
  • Career 2.0 Review (47)
  • Career Advice (1,293)
  • Career News (31)
  • Career Podcast (12)
  • Choose Your Career (280)
  • Commuting to Work (3)
  • Contests (5)
  • Coworker Gifts (12)
  • Coworkers (54)
  • Fake Job Offers (12)
  • Forward of the Week (19)
  • Gen Y Career (10)
  • General (157)
  • How to Quit a Job (9)
  • How to Quit Your Job (12)
  • Interview Help (49)
  • Job Vent (19)
  • Job Website Review (11)
  • Jobacle Mishmash (35)
  • Jobacle Survey Panel (2)
  • Leaving a Job (2)
  • Master List (2)
  • Office Prank (1)
  • Office Supply Review (1)
  • Podcasts (24)
  • Random (4)
  • Resume Templates (19)
  • Side Hustle (4)
  • Sponsored Post (1)
  • The Cubicle Continuum (44)
  • The Recession File (26)
  • The Resume Hunter (8)
  • Uncategorized (272)
  • Unemployment (5)
  • WFH (1)
  • Work for Yourself (35)
  • Work Humor (31)
  • Work Lyrics (13)
  • Work Productivity (12)
  • Work Stats (1)
  • WorkHacks (10)
  • Your Job Search (90)

© 2005–2023 Jobacle.com