How much of your paycheck do you put into savings? | Page 2 | TigerDroppings.com
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rintintin
New Orleans Saints Fan
Life is Life
Member since Nov 2008
8700 posts

re: How much of your paycheck do you put into savings?

As of now I have very few expenses. I put about 50% into savings, which very shortly will be put towards investments.


jimbeam
USA Fan
University of LSU
Member since Oct 2011
35875 posts
Online

re: How much of your paycheck do you put into savings?
Holy crap. Half into savings

You are either ballin or live dirt cheap


guttata
LSU Fan
prairieville
Member since Feb 2006
20383 posts

re: How much of your paycheck do you put into savings?
Live within my means. I also have a wife who works, so that helps a lot.


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MG
LSU Fan
New Orleans
Member since Dec 2007
271 posts

re: How much of your paycheck do you put into savings?
quote:

You had a good run.


When my post count explodes to the thousands, you'll be able to say you knew me at 155.


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rintintin
New Orleans Saints Fan
Life is Life
Member since Nov 2008
8700 posts

re: How much of your paycheck do you put into savings?
quote:

Holy crap. Half into savings

You are either ballin or live dirt cheap


Much more the latter. But as I said, I have very few expenses.

I'm single (as in not married), have no kids, car is payed off, no credit card or student loan debt, or any other debt, and I don't spend money on material possessions.

It's pretty easy to live off of a relatively small income when you don't throw money away.



Fat Bastard
New Orleans Saints Fan
Paradise
Member since Mar 2009
17922 posts
Online

re: How much of your paycheck do you put into savings?
I have to keep a bunch of money liquid in a money market fund for funding rental real estate deals and for secondary tax liens/foreclosing and flipping properties.


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trillhog
Elite Membership
Member since Jul 2011
18772 posts

re: How much of your paycheck do you put into savings?
quote:

Much more the latter. But as I said, I have very few expenses. I'm single (as in not married), have no kids, car is payed off, no credit card or student loan debt, or any other debt, and I don't spend money on material possessions. It's pretty easy to live off of a relatively small income when you don't throw money away.


well aren't you mr. responsible. don't forget to live your life!


wegotdatwood
Member since Aug 2009
17094 posts

re: How much of your paycheck do you put into savings?
When I say "savings" I mean retirement accounts.


Also, how long did y'all save up for your emergency accounts? Should I hold off retirement accounts for that.

Situation- 24, wife 29, 1 baby on the way.

We'll gross 85 next year. 12k in my Roth, 1k in her ira. 7k in checking (I personally want to keep it north of 5k)


jimbeam
USA Fan
University of LSU
Member since Oct 2011
35875 posts
Online

re: How much of your paycheck do you put into savings?
Everyone suggests emergency fund first


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yellowfin
Illinois Fan
Coastal Bar
Member since May 2006
74677 posts

re: How much of your paycheck do you put into savings?
quote:

Also, how long did y'all save up for your emergency accounts?


3-6 months worth of living expenses depending who you talk to



guttata
LSU Fan
prairieville
Member since Feb 2006
20383 posts

re: How much of your paycheck do you put into savings?
I was probably in my early 30's, with 2 kids when I started putting half my paycheck away. I'm 40 now. As far as emergency fund, I don't really think about having a certain amt. I try to make sure I have enough in savings to make sure that if I make a big purchase(car), that I still have enough to cover a couple months of bills. My current vehicle is 7 yrs old and I will drive it till the wheels fall off.


Northwestern tiger
New Orleans Saints Fan
UT-Southwestern
Member since Oct 2005
16865 posts

re: How much of your paycheck do you put into savings?
quote:

My current vehicle is 7 yrs old and I will drive it till the wheels fall off.


same here, i drive a 2008 Hyundai and most of my friends drive their 50-75g cars and make fun of me all the time. I'm not cheap and i can easily afford over 50G vehicle. I'm just not into showing off and fancy cars. Am i the only one here ? love me for me


rintintin
New Orleans Saints Fan
Life is Life
Member since Nov 2008
8700 posts

re: How much of your paycheck do you put into savings?
quote:

well aren't you mr. responsible. don't forget to live your life!


Oh I do, just because I'm responsible with my money doesn't mean I don't have fun. Most of my expendable money goes towards going out, eating out, and traveling.


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ell_13
USA Fan
Member since Apr 2013
29857 posts

re: How much of your paycheck do you put into savings?
Currently, about %20. Just made a large purchase and am getting it back up to the 4 month cushion level which should take 4/5 months.

This means I won't be able to max out our Roths until early next year when the bonus checks come in.


ell_13
USA Fan
Member since Apr 2013
29857 posts

re: How much of your paycheck do you put into savings?
quote:

Am i the only one here ?


Prius.

Seriously, though, I currently work 50 miles from my house. I bought it (used) two years ago and it is still worth my purchase price. And the car note + gas is still lower than what I was paying for gas in my last vehicle.


jimbeam
USA Fan
University of LSU
Member since Oct 2011
35875 posts
Online

re: How much of your paycheck do you put into savings?
Meh. Civics make 40+


guttata
LSU Fan
prairieville
Member since Feb 2006
20383 posts

re: How much of your paycheck do you put into savings?
I wish I could still do a Roth


tigersnipen
LSU Fan
Member since Dec 2006
1211 posts

re: How much of your paycheck do you put into savings?
Pre or post tax? makes a big difference and are you also including paycheck deductions like 401k, health insurance, disability ect.?

~30% after all deductions tax, ins. ect.
~15% pre tax


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Zach
LSU Fan
Member since May 2005
68076 posts

re: How much of your paycheck do you put into savings?
quote:

Wife and I combined 21%.

Exactly the same for us.


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ell_13
USA Fan
Member since Apr 2013
29857 posts

re: How much of your paycheck do you put into savings?
The new civics, sure. So more up front. I average 55 mpg.


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