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10% Rule: Why Saving 10% Isn’t Enough?
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[QUOTE="Etini, post: 283347, member: 90141"] I don't put fast rules on people when it comes to savings, people should be allowed the liberty to save at their own level and pace. Savings is not a competition. It is just something that we need to do to help ourselves and the economy. So when you peg it, you put people under pressure. And anything done under pressure is hard. I have been in a situation I had to save under pressure and I have to say that it wasn't palatable. As far as the person has a mind to even save something, it is commendable. Savings is not a function of the amount but a function of consistency. If you save $100 twice a year and I save 20 dollars every month for a year, my savings is clearly better than your own. Let everyone save at their own pace. Let's get rid of the pressure when it comes to savings. [/QUOTE]
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10% Rule: Why Saving 10% Isn’t Enough?
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