I work part time and want to start saving a percent of my paychecks-what is a go

I work part time and want to start saving a percent of my paychecks-what is a good amount to save? Example: If I bring home after taxes and social security are taken out and after I pay child care say for EXAMPLE I bring home $850 a month working part time what would be a good amount to save for a trip next summer to Hawaii?

Best Answer

i would try to save at least 20% or more. remember fuel prices are rising so the airplane ticket may be rising in cost. at the end of august the fuel price are suppost to be 40% more!

Asker's Rating:

thanks!!

Other Answers (3)

• Well, how much is your trip to Hawaii going to cost?
  
  For example - if it will be $1500, and you%26#039;ll be going 12 months from now, then you%26#039;ll need to put aside $125 per month to save that much by next year.
• Saving 20% per month - $170/month - for a year, and earning 10% optimistically, will produce about $2300. That may be enough for a short stay. Enjoy!

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