How much $$$ do you save?

[alphatarget1]

I was just on mint.com and checking out my purchases + savings last year... I ended up saving about 20% of my income.

How about you?

 

[bignateyk]

~30% of gross (between 401K, roth, and savings)

 

[Slew Foot]

60% right now

 

[nageov3t]

I'm a little cleaned out right now after some big expenses in december and trying to pay off my CC, but I try to save 10%/year not counting my 401K.

 

[spidey07]

I don't consider retirement accounts savings. That being said about 25% or a total "savings" of 40%.

 

[JS80]

I have a negative savings rate.

 

[LS21]

10% contribution to 401k, 10% to discount stock purchase (gross/pre-tax deductions)
0-5% variable to play-money stock account

so from 20-25%, depending on how much money i squander per month

 

[sonambulo]

Nada (student)

 

[her209]

I would say close to 50%.

 

[alphatarget1]

ehh, I don't know if y'all should include 401k employer contribution as part of it. Your own contribution, yes, but not your employer's contribution. That's more like salary methinks.

 

[dlx22]

i plan on tracking this better in 2009

 

[SlitheryDee]

I have no budget, so I don't know the percentage. I have what I can only call an "accumulation" which I might keep back for old age or might blow on scratch-offs tomorrow.

 

[TridenT]

Originally posted by: SlitheryDee
I have no budget, so I don't know the percentage. I have what I can only call an "accumulation" which I might keep back for old age or might blow on scratch-offs tomorrow.

You just made me want to buy something... I am 18, I can buy scartch-its! YAY!!!

I save nothing? I don't have an income.

 

[vi edit]

More than probably 90% of people my age, but about half as much as I'd like.

It's between 15% & 20%.

It's nice to throw around percents, but it really goes to show how they aren't everything.

A household making $8000 a month net and saving 20% is just as much as somebody making $3000 a month and saving 50%.

 

[amdhunter]

I spent my entire savings to clear my CC debt, and am currently trying to pay off my car by Fall this year (still ~2 years till payoff.)

Right now savings is not as important as getting rid of bad debt.

 

[TridenT]

Originally posted by: vi edit
More than probably 90% of people my age, but about half as much as I'd like.

It's between 15% & 20%.

It's nice to throw around percents, but it really goes to show how they aren't everything.

A household making $8000 a month net and saving 20% is just as much as somebody making $3000 a month and saving 50%.

Actually, you would be down $100 a month by having $3000 income and only saving %50.

 

[Feldenak]

Hrmm....

6% to my Roth 401k
5% to my wife 401k
5% to my ESPP
and roughly 25% of my wife's take home is put into an actual savings account.

 

[xSauronx]

save?

im a student, i dont get anything to save, mostly. meh

 

[zinfamous]

After being unemployed for the previous 5 months, traveling overseas and moving across the country, my savings is now ~60% of what it was.

 

[bignateyk]

Originally posted by: vi edit
More than probably 90% of people my age, but about half as much as I'd like.

It's between 15% & 20%.

It's nice to throw around percents, but it really goes to show how they aren't everything.

A household making $8000 a month net and saving 20% is just as much as somebody making $3000 a month and saving 50%.

But chances are the household making 8K a month is living alot more lavishly than the 3K/month household, so that 20% isn't gonna get them as far as the 50% the 3K family is saving.

 

[vi edit]

Originally posted by: bignateyk

Originally posted by: vi edit
More than probably 90% of people my age, but about half as much as I'd like.

It's between 15% & 20%.

It's nice to throw around percents, but it really goes to show how they aren't everything.

A household making $8000 a month net and saving 20% is just as much as somebody making $3000 a month and saving 50%.

But chances are the household making 8K a month is living alot more lavishly than the 3K/month household, so that 20% isn't gonna get them as far as the 50% the 3K family is saving.

Think about that for a second.

That household making that much money can easily give up an expensive car payment or downsize to a smaller house and easily pick themselves up.

The family making less doesn't have as much wiggle room.

 

[Dr. Detroit]

I add into my savings every year the profit sharing I get from work as well as my $2K 401K match.

With those included my savings score is around 60% after tax.

 

[TridenT]

Originally posted by: vi edit

Originally posted by: bignateyk

Originally posted by: vi edit
More than probably 90% of people my age, but about half as much as I'd like.

It's between 15% & 20%.

It's nice to throw around percents, but it really goes to show how they aren't everything.

A household making $8000 a month net and saving 20% is just as much as somebody making $3000 a month and saving 50%.

But chances are the household making 8K a month is living alot more lavishly than the 3K/month household, so that 20% isn't gonna get them as far as the 50% the 3K family is saving.

Think about that for a second.

That household making that much money can easily give up an expensive car payment or downsize to a smaller house and easily pick themselves up.

The family making less doesn't have as much wiggle room.

Wish I made $100K a year.

 

[tfinch2]

55% of my net pay

10% of my gross pay goes into 401k

 

[nerp]

1/3