http://financiallyfit.yahoo.com/finance/article-111948-8235-5-8-rules-of-thumb-on-saving-and-retirement?ywaad=ad0035&nc

These are just guidelines, brains are still needed to make these decisions Rules of thumbs to take with a grain of salt:

• You shouldn't buy a house that costs more than 2.5 years' worth of your income.
  • [[my note: Based in this rule, I'll NEVER be able to live in the bay D: !!!]]
• You should always save at least 10% of your income toward your retirement.
  • [[my note: I plan on maxing out my 401K!]]
• The percentage of your portfolio invested in bonds should equal your age.
  • [[my note: I'm going to wait until I have a real job to look into this]]
• To make sure your retirement lasts, never withdraw more than 4% a year.
  • [[my note: this depends. careful calculation on my part needed!]]
• Over time, a diversified domestic stock portfolio will return an average of 10% per year.
  • [[my note: Again, I'm going to wait for a real job to get into this...]]
• Your emergency fund should equal six months' worth of household expenses.
  • [[my note: sounds good to me!]]
• Always pay off your highest-interest credit cards first.
  • [[my note: always pay off all credit cards on time.]]
• You should have at least five times your gross salary in life insurance coverage.
  • [[my note: okay.]]