How much do you save?

[Rip the Jacker]

How much should I put into my savings account? 20%? 40%?

 

[eakers]

as much as possible?

 

[Ika]

I do the standard 75%. At least, I think it's standard...

 

[LukFilm]

Originally posted by: eakers
as much as possible?

 

[her209]

What are you saving for?

 

[FoBoT]

6%

 

[Rip the Jacker]

Originally posted by: her209
What are you saving for?

Dunno, just thought it'd be useful having some spare money incase something happened..

 

[Wonderful Pork]

12% gross 401k, 10% net into savings, then whatever else over the pad i keep in my checking account.

 

[doze]

I read somewhere that someone on a normal salary who takes 10% of every paycheck starting at age 25 and invests in mutual funds etc... will have a million dollars by retirement.

 

[SoulAssassin]

Originally posted by: doze
I read somewhere that someone on a normal salary who takes 10% of every paycheck starting at age 25 and invests in mutual funds etc... will have a million dollars by retirement.

Well hell I better put in 20% cause I don't know if a million will cut it.

Anyways...what the hell is a "normal" salary? Completely dependent upon your standard of living, area of the country, etc.

 

[iron crotch]

i actually prefer to save in a negative percent. Anything under 0 is good enough for me.






in the ghhhheeettooooo

 

[Slew Foot]

Considering the average savings rate in the US is -2%, youre doing much better than the populace already. I've always tried for 20-50% personally.

 

[skyking]

No plan or percentage for me. My income fluctuates wildly from year to year, and I am quite frugal. It just sort of accumulates

 

[thomsbrain]

i save roughly 40-50% of my after-401k/after-tax income. i don't make tons to start with and live in CA, so that leaves me enough to live a very frugal post-college life. one day it's gonna be benzos and lambos all the way!!!!

 

[JEDI]

Originally posted by: Rip the Jacker
How much should I put into my savings account? 20%? 40%?

Me