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Message
How much money do you put in savings every paycheck?
Posted on 12/2/12 at 2:32 pm
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.
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 12/2/12 at 2:34 pm
25
Posted on 12/2/12 at 2:42 pm to Too Frat To Care
Feed the pig!
Posted on 12/2/12 at 2:57 pm to MikeDaTiger23
3 hundo
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
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.
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.
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.
Posted on 12/2/12 at 3:51 pm to Motorboat
You put it into a straight savings account or some stock?
Posted on 12/2/12 at 4:09 pm to Too Frat To Care
8%
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.
"Love em and leave em" is a more sound financial strategy.
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.
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.
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.
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.
Also put away 10% of my gross for future crap.
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.
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
5% into Roth(and portions of bonuses up to max)
5% emergency fund
5% savings account
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.
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.
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.
All my extra money for investing is going towards real estate now.
Still maxing out roth ira and putting in match on 401k though.
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.
Posted on 12/2/12 at 9:37 pm to Cholo
quote:Whatever I don't spend- 401k every paycheck and Roth is maxed for the year.
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
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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