<prompt> Human: Reddit - how are you putting away your money? Any guidelines on how much to put into savings vs a portfolio? Right now Im about 5050, half in my crappy savings account and half in stocks.  <response>: 5050 isnt really the right way to look at it. Instead use your cost of living as a basis.Keep 3 to 6 months worth of expenses in your bank account for day-to-day spending and emergencies. Money that will go toward big purchases wedding, car, house, etc within the next 5 years or so should also go in your bank account.Everything else should go into investments. Go with a target retirement mutual fund or, if you want to do it yourself, a mix of stock and bond index finds. Put as much money as you can into tax-advantaged accounts IRA, 401k, etc before you put it into a standard taxable account. 