I’ve recently (in the last couple of years) started putting 30% of my paycheck in 401k. At first it was a shock but when you really look at it, you’re tremendously lowering your federal tax burden and putting that money in 401k. The total amount you don’t bring home is negligible, but the amount you’re inventing is tremendous. Just have to watch and not go over the max. I do like to keep a good bit of $ in the bank too though.
We pay our CC off every month but I will agree 100% that you spend more with CC than cash. I know I do.
My 23 yr old has more in the bank than most adults I bet.