What % of your net income is saved?

[alrocky]

$16,500 into Federal TSP = $635 per paycheck
$5,000 into Roth IRA
$100 month auto investment into mutual funds

house will be paid off next month

 

[Suspicious-Teach8788]

I put the full 21.5k into my 401k and Roth IRA. On top of that I'd probably save another 12-15k. I'd say that's a pretty damn good portion of my paycheck.

 

[imported_Imp]

Usually 50% because I'm a live at home loser. Just made my first big purchase in years, and even then, I went the budget route.

 

[rudeguy]

10% to 401k with 50% match from my company. I stash about $400/month in cash.

I always end up raiding my cash stash for something dumb though.....

 

[Bignate603]

8% pretax goes into 401k, with company match its 10%.

10% post tax goes into savings.

 

[bobsmith1492]

Last year about 50%; this year, more like 25% since I bought a house, bike, computer, and hopefully soon a piano.

 

[Jadow]

My wife and I live on about 30% of our GROSS income, and either save the rest or pay taxes on it.

 

[Svnla]

I save about 50% plus of my net income every month. Every year, I have a nice 5 figure account in my high paying internet saving account.

How? No, I am not a multi millionaire like a typical ATOTer. I don't smoke/drink/gamble/into drugs and any bad habits. I paid my new vehicle with cash and will drive it until the wheels fall off. I mostly shop for clearance items as much as possible. I pay off all my CC debts on time and never carry any balance. I also use reward CC only so I earn money/cashback on top of saving money. I am also using a several years old desktop pc but planning to buy a new laptop when windows 7 comes out but only pay $600 or less. It does help that I live in the southern part of the US so the rent is much cheaper than NYC/souther CA areas and I am single with no kid.

I also bring lunch and eat sensible as much as possible. I have about 5 years of living expense in saving accounts. I do not count my stock/401k/investment accounts.

 

[Jadow]

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.

Being married definitely helps, 2 incomes makes it a lot easier.

Having only an 88k mortgage (at 4.55%) on a $225,000k house helps a ton (building your own home FTW).

Living in the upper midwest helps!

No car payments helps! (I drive a 15 year old Camry with 207k miles on it)

No student loans helps (I went to a low cost public U, she had all her loans forgiven because she taught 5 years in a low income school and the govt has a forgivness program for that)

Challenging your tax assessment and winning helps (saved $600/yr by doing that)

No CC Debt helps too!

 

[xSauronx]

almost nothing, but im a full time college student, i work ~30 hours a week but have some bills im paying on
id be screwed if i wasnt staying with family

 

[VinylxScratches]

72% is saved. I live at home. Once I get a fulltime job I'm gonna try to move out.

 

[Bateluer]

~20%

 

[duragezic]

46% on a 5 month average spending with normal paycheck (no OT).

That's higher than I thought. I don't give a crap about spending money, just I haven't purchased any big ticket items, more just blowing money on too much beer, eating out, etc.

Much of the reason that it's high is I have student loans but have only been paying the standard payments, only been contributing 401k to 6%, and no car payment. Yet financially it's not a good move since all of the money I save is in low interest account, and I'm not putting as much into 401k as I maybe should be. Especially the start of this year when the market was low; I should have went in.