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Too Frat To Care 
New Orleans Saints Fan
PMAC
Member since Mar 2011
5196 posts
| How much money do you put in savings every paycheck? (Posted on 12/2/12 at 2:32 pm)
I typically put 20 percent in savings every two weeks. Unless, I have an unexpected emergency.
What's the general rule of thumb? How much do you all save?
I just got out of college and started my career. I want to put quite a bit on a down payment on a house. Luckly no school debt to my name. One day I will have to buy a ring also.
This post was edited on 12/2 at 2:34 pm
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MikeDaTiger23 
LSU Fan
Lake Charles
Member since Feb 2009
398 posts
| re: How much money do you put in savings every paycheck? (Posted on 12/2/12 at 2:42 pm to Too Frat To Care)
Feed the pig!
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Mercy Percy 
Florida Fan
Norman Oklahoma
Member since Oct 2009
1140 posts
| re: How much money do you put in savings every paycheck? (Posted on 12/2/12 at 2:57 pm to MikeDaTiger23)
3 hundo
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Motorboat
LSU Fan
Baton Rouge
Member since Oct 2007
4945 posts
| re: How much money do you put in savings every paycheck? (Posted on 12/2/12 at 3:09 pm to Too Frat To Care)
I'm on straight commission so when I have a good month, ill drop in a couple thou but it works out to about $500/month
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Tmacelroy12
LSU Fan
Houston
Member since Aug 2012
5489 posts
| re: How much money do you put in savings every paycheck? (Posted on 12/2/12 at 3:11 pm to Mercy Percy)
I save 10% a paycheck, 7% into Roth IRA and 3% into a regular IRA.
Put aside as much as you reasonably can. Obviously if you don't have many expenses, you should save more because realistically you will have to push pennies later down in life. Save early, save often.
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LSUtigerME
LSU Fan
Walker, LA
Member since Oct 2012
151 posts
| re: How much money do you put in savings every paycheck? (Posted on 12/2/12 at 3:14 pm to Too Frat To Care)
Not counting the 401k 17%, I put $1,000 into a savings account, usually with ~$400 of that going into stocks/ETFs.
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Too Frat To Care
New Orleans Saints Fan
PMAC
Member since Mar 2011
5196 posts
| re: How much money do you put in savings every paycheck? (Posted on 12/2/12 at 3:51 pm to Motorboat)
You put it into a straight savings account or some stock?
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Paul Allen
LSU Fan
Baton Rouge, LA
Member since Nov 2007
19304 posts
| re: How much money do you put in savings every paycheck? (Posted on 12/2/12 at 4:09 pm to Too Frat To Care)
8%
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foshizzle
LSU Fan
Member since Mar 2008
25158 posts
| re: How much money do you put in savings every paycheck? (Posted on 12/2/12 at 5:36 pm to Too Frat To Care)
As much as humanly possible is the correct answer.
Don't forget that you can take back your Roth contributions without any penalty, there's really no need for a "rainy day" fund.
quote:
One day I will have to buy a ring also.
"Love em and leave em" is a more sound financial strategy.
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Siderophore
LSU Fan
Member since Nov 2010
3334 posts
| re: How much money do you put in savings every paycheck? (Posted on 12/2/12 at 6:01 pm to foshizzle)
I would rather treat my ability to withdraw from a Roth as a "HOLY frick EVERYTHING IS GOING TO HELL IN MY LIFE" fund and use a taxable account fund for rainy days.
Unless there is some way you can backdoor borrow and put back I don't know about. A Roth's biggest weakness is the limit you can put in.
I dont want to take out till my contributions are a small percentage of total value anyway.
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jso0003 
Auburn Fan
Birmingham/Atlanta
Member since Jun 2009
4459 posts
| re: How much money do you put in savings every paycheck? (Posted on 12/2/12 at 6:59 pm to Too Frat To Care)
Save 20% of my gross for retirement. Ths consists of contributing enough to max my Roth and the employer match on my 401k.
Also put away 10% of my gross for future crap.
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notiger1997
Member since May 2009
17132 posts
| re: How much money do you put in savings every paycheck? (Posted on 12/2/12 at 7:18 pm to Too Frat To Care)
I can't put any savings away. Got a smart phone, new car, full cable package, and a nice house.
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Chris Farley 
Maryland Fan
Regulating
Member since Sep 2009
3079 posts
 Online
| re: How much money do you put in savings every paycheck? (Posted on 12/2/12 at 7:24 pm to Too Frat To Care)
20% gross into 401k
5% into Roth(and portions of bonuses up to max)
5% emergency fund
5% savings account
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Cholo 
Arkansas Fan
El Paso, Texas
Member since Oct 2012
976 posts
| re: How much money do you put in savings every paycheck? (Posted on 12/2/12 at 7:29 pm to Chris Farley)
Right now I have no kids and my wife works so we put a substantial amount every month. We also drive paid off cars which helps. Probably about 50% of our income goes into our ROTH, a managed investment account, a 403B from her job that has a 5% match, and then savings.
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dlmast87 
Ohio State Fan
Ohio
Member since Dec 2007
1113 posts
| re: How much money do you put in savings every paycheck? (Posted on 12/2/12 at 8:29 pm to Cholo)
No kids and we both work so we save one full income plus some. I'd say we save 65% of our net income between roths, 401k, and savings accounts.
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Fat Bastard
New Orleans Saints Fan
Paradise
Member since Mar 2009
13493 posts
| re: How much money do you put in savings every paycheck? (Posted on 12/2/12 at 9:24 pm to Too Frat To Care)
ZERO
All my extra money for investing is going towards real estate now.
Still maxing out roth ira and putting in match on 401k though.
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Cholo
Arkansas Fan
El Paso, Texas
Member since Oct 2012
976 posts
| re: How much money do you put in savings every paycheck? (Posted on 12/2/12 at 9:34 pm to dlmast87)
quote:
No kids and we both work so we save one full income plus some. I'd say we save 65% of our net income between roths, 401k, and savings accounts.
Hell yeah I love not having kids. Not only do we have way more money but when my wife works I can spend the whole weekend on my bike. No screaming little shite to ruin it.
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saderade
New Orleans Saints Fan
America's City
Member since Jul 2005
19702 posts
| re: How much money do you put in savings every paycheck? (Posted on 12/2/12 at 9:37 pm to Cholo)
quote:
How much money do you put in savings every paycheck?
Whatever I don't spend- 401k every paycheck and Roth is maxed for the year.
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Double Oh
Louisiana
Member since Sep 2008
1484 posts
| re: How much money do you put in savings every paycheck? (Posted on 12/2/12 at 11:01 pm to saderade)
400 a month into 401K plus the 3% match
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Athanatos 
Vanderbilt Fan
Baton Rouge
Member since Sep 2010
5615 posts
| re: How much money do you put in savings every paycheck? (Posted on 12/2/12 at 11:51 pm to Too Frat To Care)
Max out my 401k and the rest into savings after paying rent and my tailor.
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