How much should someone have ins savings at age 28-30?
A bit of context i currently have 25k in savings and 15.5k in kiwisaver at age 28
Ive just trying to save up for future in terms of all the essentials needs needed. Hopefully my wife in future will contribute to some so i do not have to pay for everything and it will just be too much. But i trust we have a healthy/stable relationship as we have opened a joint bank account in a 2 year relationship
But below is calculation of rough estimate of cost involved.
- household items (bedding/furniture//microwave/fridge/washing machine dryer) $20k
- a car about $30k $15k
- holiday savings $8k with family 4 pax
- wedding/engagement ring is 5k each?
I am hoping to a few listed above by age 35-40 if possible.
I just confuse if im at the right pace in terms of savings for my age as it seems to be slightly low. I currently have 1 source of income which is a full time job in admin.
I would like to read some experiences advice regarding fianace and life if you able to share some as I am a bit uneducated and would like to learn from others. Im all about feedback and reading positive and negative criticism. Thank you for everyone time