I saved 50% of my income for a month - and it wasn't as impossible as I expected

My colleague Libby Kane talked to Brandon - who doesn't use his last name online for privacy reasons - about his journey to early retirement, where he revealed that he saved and invested around 70% of his take-home income in order to reach his goal.

After hearing Brandon's story - and so many others like it - I decided to try my hand at saving the majority of my earnings as well.

While I have no plans to retire early, I wanted to see firsthand how attainable that lifestyle is. After crunching the numbers with my editor for a solid half-hour, we concluded there was no way I could put away 70% of my total income for a month and still afford both rent and food, so I aimed to save 50% of my disposable income instead.

Because I live in New York City, my rent is higher than it would be in most places in the country. And since I wasn't going to move out of NYC just for the duration of a month-long experiment, to make the project more realistic I decided to count disposable income as everything after rent. So after paying rent, I put half of what remained of my monthly paycheck in savings and lived off the other half for the entirety of September.

While I'm lucky to have more than enough to continue to live comfortably, it was immediately challenging to adapt to a much lower budget than I was used to. But it didn't prove impossible.