Savings accounts

How much of my pay check should I be putting in to a savings account? Also are saving accounts really worth putting money into?

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85-95%, minimum

I spend all of my paycheck every month on shit I don't need.Just doing my part to keep this economy going.

Get out of your parents house you pathetic fuck.

Put all of it in stocks/mutual funds.
Whatever is left should be for food. While you live in your van parked outside walmart. Take showers in your gym bathroom.

50% of money left after bills and essentials

>50% of money left after bills and essentials
No.
100% of money left after.

Also reduce every bill.

I keep $1000 in savings. $10000 in checking. $2000 at home. Anything beyond that goes into bitcoin.

The practical answer
The correct answer
A fucking idiot

My question for you, user, is how long do you want your wagecuck sentence to be?

mrmoneymustache.com/2012/01/13/the-shockingly-simple-math-behind-early-retirement/

None of it, because the jewbanks aren't even giving 1% on a savings account now. They'll likely just kike you in fees higher than years worth of yield. If you can't make a 1% return on that money you don't deserve to have it.

As much as needed for an emergency fund. Then, 10% of paycheck for personal investing.

>REEEEEEEE ITS NOT FAAAIR

I put it into my Acorns account

How fucked am i?

This. You need to build up an emergency fund first that can cover you for a few months, but after that anything you don't spend should be invested. Cash just loses value to inflation, so you don't want more than you need. The standard advice to invest 15% of your income is basically designed to retire around 65, but this percentage can be much higher if you don't spend a lot, causing a much earlier retirement.

>t. Financial illiterate
Online savings accounts are giving 1.5+% right now with no fees

But user, the CPI is at 2.5-3%.

I try to put money in my savings account everyday. Instead of, and even if, buying a soda or coffee but some money away. But use that money to get a firearm or a greenhouse since the grand solar minimum is starting and you are likely to starve to death if you dont begin preparing.

Remind me where I said it would outpace inflation and didn’t point out that you were wrong about max APY

>savings

Faggot.

Max 401k and ira. Rest goes into crypto. Your welcome in 5 years.

but how do I pay for gym/van hookers?

just enough to pay bills
save in gold/silver
buy passive income generating assets when you save enough gold

It's just not worth bickering over half a percent when you're guaranteeing a 2 percent loss, especially given 's original cynical point about fees and how much return you should be getting.

but that's the Jow Forums way of arguing. it's not about being correct, it's about telling people they're wrong.

there's other reasons to putting money into a savings account than long-term hodl.

Put everything you don't spend in stocks (ETFs)/mutual funds. Don't try to time the market. You lose 2% of the money you don't invest every year to inflation whereas the stock market has an expected return of 7-10% (5-8% real return).

Have an emergency fund if your poor, but it's really not needed if you have enough liquid assets to support yourself for 6 months + .