If you are married and both work, try save at least 20% of your income. If you can do it, live off one income and save the other. Read the book The Two Income Trap for some interesting insights on how easy it is to get into financial trouble when your fixed expenses depend on two incomes. If you can find a way to live on one income, then if one spouse loses his or her job, your family still has one income coming in and you also should have a nice savings cushion built up from when both spouses were working.
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