How Much Money Should I Give, Save, And Spend?

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[practicalbusinesstips]

Great advice. Dave rarely answers questions like this specifically. He is more focused on sharing high level principles and taking things more on a case by case basis.

[annodomini]

This video is super helpful, thank you! I just turned 19 a week ago and I needed this kind of advice so much) I really enjoyed watching this video - you are not only answered an important question for a young person but also(as was mentioned in the comments earlier) answered the question this specifically. Loved it!

[thomasyork]

I'm new to Dave, and I must say I enjoy his show a lot!!

[Noontide]

Good kid! Really smart to be thinking like this at his age.

[phoenixschulton]

why give 10% and save 15% isntead of saving 25%? As someone who is broke that makes no sense. I give my time and energy to help people, and I need my money to help myself.

[petervik]

I think biblically it is ok to give more than 10 percent once you are out of still stay diligent about savings.

[doubleg]

Is this based on gross income or net??

[HP-fcsl]

There can be tax deductions for donating money or goods to certain charities. Best to research this thoroughly first. Watch out for scams.

[Alvaro-Silver-Pine]

I think already gave me 9% of what I could, and do you know 2 Chronicles. I hoped, and conviction that my faith is trusting on Jesus not loving money.

[NeoAndersonReloaded]

We need to live little. just be responsible

[amore_]

I will be oaying off my first credit card, by december 1st I will pay off all my credit cards

[XeRo]

After watching this video and knowing how much to give, save & spend I'm gonna try working on it!
Ideally 10% in cash, 15% in savings & the rest will be divided accordingly to what I can afford

[raventhorX]

When you mention being a giver, can you clarify who this money is going to be given to? like what are your guidelines for who should receive that money?

[beckyscott]

So sad the number of people that are so against giving. And typically the same ones who expect free handouts from those of us who give freely out of the goodness of our hearts. My opinion is that tithing is old testament and not required, BUT I also believe that God wants us to give to others in need. Regardless if you make $2000/month or $50k/month, we are all rich...SO blessed. Give and it shall be given unto you. We don't attend a church regularly, but we are absolutely believers and always giving back our part. Great advice, Dave!

[torreymyers]

Anyone knowledgeable chime in:
27, no debt, except a $1000 medical bill, no house, renting, 25k a year right now. What can I be doing to get on a path to financial freedom? I feel like I COULD be investing any extra money that I have. I'm currently saving 15% of my income.

[avantiiresha]

I got stressed when I heard giving 10%... don’t get me wrong I would love to give but when I have a big mortgage on me I hardly give 2% giving. I think I should be more generous.

[biernyvr]

I give 50% of my earned money in taxes. No way I am giving away an additional 10% to anything.

[jessedan]

Lol Dave totally forgot about every income earners silent partner, Uncle Sam, when he did those projections. 🤦‍♂️ In 3 years that person would have 12-15 million saved, not 30-40. And he doesn’t have 9.5 million to spend, he has about 4.5 million to spend after giving 500 and paying taxes of about half. Still a ton of dough to make Dave’s point, just clarifying.

[OmarQ]

Do you baby steps work worldwide? I mean if I am living in eastern region.

[fayerankin]

So don't invest until you pay your house? What if you don't have a house