Several weeks ago, our team came across a post from Personal Finance Pro, RMIT-CAT.

He was analyzing the budget of two high earners, a couple making $280,000 a year, taking home

nearly $18,000 a month.

The part of their budget that shocked the community most, they were only saving $225 a

month.

We decided to put the old money with Katie Spinn on it, where we re-shared that budget

on Instagram with my recommendations for saving and spending, and the post hopped off.

And we thought, huh, maybe this budget breakdown concept is a good idea.

Clearly our audience is hungry for it, so let's make this a regular thing, and let's use

submissions from Retral Nation and do community budgets.

And let me tell you, our team was very surprised by the results.

The asked respondents to share their age, location, relationship status, income, take

home pay, and the largest parts of their budget, like their rent or mortgage payments, and

then how much they allocate to savings or retirement accounts and any one-off big expenses

like dining or travel.

We also asked for their net worth.

Now, the obvious caveat here is that there's quite a bit of selection bias in the sample

set.

These are people that self-selected to respond and follow a personal finance account.

But nearly 300 responses flooded in from mostly 20 and early 30-somethings.

And here's what we found.

Both the median and average salaries for a single rich girl was well into the six figures,

...