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How much per pay check do you put away into savings? Also how much do you have saved up total?

Nocturnal

Nocturnal

Lifer
???

How much total do you have saved up? Only answer if you feel safe. You can give a rough estimate as well.

Me, I have about $.25 in one checking account, and then I have about $20.00 in another. That is it, my total life savings.

edit

I honestly don't have a savings account. I get everything deposited into my checking account and I spend everything in there. But, starting next Friday I will be taking 20% of my pay check and putting it into a savings account. I will NOT touch that money for any reason whatsoever unless it is life threatening or my car broke down and I really need it.
 
<---- unemployed at the moment

Selling my house, getting help from family/friends/food stamps

Sucks...

But, when I was working...I tried to put about 7-8% into savings.
 
**********How much per pay check do you put away into savings**********

You forgot to answer your question.
 
I generally sock away $100 from each paycheck (bi-weekly), but sometimes up to $200 if I seem to have more money floating around.
 
I generally save about $300/week, but then I end up spending a lot of it on things I probably shouldn't. Plus, a lot of those unexpected bills tend to manifest themselves and that has an impact on my savings.
 
I shoot for about 20% of any income. That's a good round number. And I save my money for a good rainy day, or even a tight christmas.

It's definately helped in the past.
 
Between the 401(k), company matching, and my other savings (credit union) it comes to about 16.5% of gross income. The smartest thing I ever did was to start saving as soon as I got the job I have. I never see that money (it comes right out of the paycheck) and I don't miss it.

The second smartest thing I ever did was vow never to carry a credit card balance unless it was a dire emergency. Since I got into a good savings routine, that won't be a problem.

The third smartest thing I ever did was to develop a resistance to advertising and peer pressure to buy stuff. That has kept me from buying a bunch of crap I don't really need, which has enabled me to leave my savings alone. I look at certain friends with hundreds of CDs and DVDs they don't ever use, closets full of Nintendo and other systems with dozens of games, electronics, and appliances they don't use, and figure right there I've saved thousands of dollars. You just don't notice it when it's dribbling away $50 at a time. Plus, we have two cars but they have both been paid off for three years. The next car I buy, I'll probably be able to pay cash since we've been saving the money we were spending on car payments.

My savings is enough to live on for a couple years if I had to.
 
Half of each paycheck goes into savings. Of course savings will be spent as soon as I send in next semesters tuition.
 
I try my darndest to save but the wife keeps "saving" on sales: See honey, these shoes were only $40, they're normally $60, I saved us $20.
 
Kranky: I'm with you! 🙂 I don't buy a lot of crap that I don't need, and I have very few expensive hobbies (well, except for home theater, but I'm pretty much done with that for now...🙂) All told between my 401K, 403b, and other investments I save about $500/mo pretax. The rest of my paycheck goes toward bills, and anything left over goes into savings (averaging about $750-1K a month).

Dave
 
$600 into savings and $100 into 401k. I will not start wasting money on my 401k until it starts performing better.

Under my rules, i cannot touch savings account other than for downpayments for things like a car or a house.
 
I contribute the maximum allowable to my 401(k) plan (16%), plus I have a regular investment plan for an index mutual fund, so that's about 25% of my total income off the top, although maybe investments aren't exactly savings right now. I also make maximum allowable annual contributions to an IRA (an extra 1K this year).

I'm debt-free, so right now, the disposable income that I don't dispose of is savings, but that's going to mostly disappear once I find a house that I like enough to make an offer on.
 
I save roughly $1500 a month, in which $1200 goes into investments such as stocks bonds, and $300 goes into a high interest savings account (ING Direct). I take home a little over $3000 per month, and the rest of the money goes towards mortgage, bills, etc.
 
Being a high school student, I'm currently trying to save a car for myself. I try to put between 20-40% of my paycheck into savings and the rest into checking.
 
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