What % of your net income is saved?

[Syringer]

Whether it's put in your savings/checkings, 401k, etc., how much do you save after rent/mortage, food, entertainment, hookers/blow..?

On a good month I'm at about 35%.

 

[jlee]

It varies depending on..stuff (i.e. tuition this summer, which is now all paid off).

 

[Chronoshock]

About 40-45%. I have about 5 months pay currently saved

 

[TurtleCrusher]

Literally next to nothing.

 

[zinfamous]

Originally posted by: Chronoshock
About 40-45%. I have about 5 months pay currently saved

you live at home?

the wife/boyfriend makes the money?

what? tell us.

 

[Slew Foot]

About 60%, not a lot of expenses right now

 

[boomhower]

6% into 401k is it right now.(100% company match to 5.5% is nice though) The wife being in school and only working part time is killing us.

 

[bignateyk]

Right now only 5%, but that's because I just bought a house. Prior to that, and hopefully in the next month or so I will resume my old savings rate of 25%

 

[Engineer]

Don't know.

20% of gross income into 401k plus 3.5% match.

6% of wife's gross income into school (state) retirement system. Match unknown.

$800 to $1,600 additional into savings and/or investment accounts.

 

[Elbryn]

10% into state retirement system ~13% state match adding together match and retirement medical account
16% into 457
wife 6% into 401k, 3% match
10k into roth iras
everything else left over into money market fund/index funds
works out to about 40%-45% of gross income depending on what's left.

 

[Insomniator]

0% After CC's, school loans, food, gas, phone and car insurance (no rent, living at home)... I'm lucky to not be losing money.

I'm required to put 5% into retirement plus I get 8% from work so even if I'm not saving... I'm still saving.

 

[JDub02]

those of you who are saving high percentages of your income, how are you doing it? i'm guessing you're either well off and figured out a way to pay less taxes or are in an area with a low cost of living.

taxes and a still inflated housing market are killing my wife and i. we see about 65% of our gross after taxes and misc. payroll deductions (health insurance premiums, etc.). when you throw in student loans for both of us, a car payment, rent (20% of net pay), and the rest of normal expenses, there's not much left. we feel fortunate to be able to save $500/month outside of retirement.

 

[rh71]

why would I want to depress myself? I just have 1 word: kids

 

[djheater]

I'm in a long hard stretch of debt repayment for the time being. 3 kids, college loans, tuition, mortgage, cars, etc.

My Great-Grandpa said, "A man ain't no kinda man if he can't set aside 10 cents on every dollar" and that rings in my ears, but I'll get there.

 

[Demon-Xanth]

Only 3% into a 401k at the moment, I'm focusing on paying off my HELOC quickly since it's a higher interest rate loan (8.85%), and paying it off will free up hundreds of dollars a month. I have about $14k in principle left on it. Before I got a house I was putting 10% in my 401k.

 

[BlahBlahYouToo]

Originally posted by: zinfamous

Originally posted by: Chronoshock
About 40-45%. I have about 5 months pay currently saved

you live at home?

the wife/boyfriend makes the money?

what? tell us.

has no friends/bf/bff to go out with so nowhere to spend the money?

 

[imagoon]

Not nearly as much as I want to be...

6% (3% match) 401k
$40 / wk auto saved
+ whatever extra I can.
However I have about 4 - 5 months of expense saved up and I have a Home equity line available if it got really bad.
Single: House / Car / Student loans (undergrad and graduate [in progress]) / and some debt in the HE line (for the roof and replacing a moldy bathroom, no fun spending of that money)
No credit cards that are not paid off monthly.

I want to save more but, I simply don't have that much in surplus funds at the moment.

 

[BlahBlahYouToo]

Originally posted by: Elbryn
10% into state retirement system ~13% state match adding together match and retirement medical account
16% into 457
wife 6% into 401k, 3% match
10k into roth iras
everything else left over into money market fund/index funds
works out to about 40%-45% of gross income depending on what's left.

so is this where all our tax dollars are going... padding state employee retirement accounts.

 

[GTaudiophile]

33% for federal and state taxes (I pay my own)
21% for rent
15% for investments
6% for next car

Total: 75%

 

[Aztech]

5% + matching to retirement

Ohterwise any extra money should be going to pay off the $25K in CC debt we've accumulated like idiots.

No sense in short term savings when you have this much CC debt.

 

[surfsatwerk]

Originally posted by: BlahBlahYouToo

Originally posted by: Elbryn
10% into state retirement system ~13% state match adding together match and retirement medical account
16% into 457
wife 6% into 401k, 3% match
10k into roth iras
everything else left over into money market fund/index funds
works out to about 40%-45% of gross income depending on what's left.

so is this where all our tax dollars are going... padding state employee retirement accounts.

You're dumb.

 

[Engineer]

Originally posted by: JDub02
those of you who are saving high percentages of your income, how are you doing it? i'm guessing you're either well off and figured out a way to pay less taxes or are in an area with a low cost of living.

taxes and a still inflated housing market are killing my wife and i. we see about 65% of our gross after taxes and misc. payroll deductions (health insurance premiums, etc.). when you throw in student loans for both of us, a car payment, rent (20% of net pay), and the rest of normal expenses, there's not much left. we feel fortunate to be able to save $500/month outside of retirement.

Used my massive overtime (ended about a year ago) to pay off my home and all debt (about 23 years early). Now, even with reduced pay and zero overtime, I have the money to save.

 

[KentState]

Out of each pay check I have about $1000 extra to either invest or save. Out of that, probably half goes to investments and the rest is split between savings and short term savings for purchases.

 

[spidey07]

Around 35-40%. Only have a mortgage payment/utilities. So my only real fixed expenses are 20% of take home. That leaves a lot of room left to save an retire early.

 

[trmiv]

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