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AutoYes_Clown
Alabama Fan
Baton Rouge, LA
Member since Oct 2012
2469 posts

re: Where do I stack up against the Money Board?

quote:

Putting a good amount away for a ring


Prepare to be bottom half of the MT rankings... the married half.


saderade
New Orleans Saints Fan
America's City
Member since Jul 2005
21802 posts
Online

re: Where do I stack up against the Money Board?
Don't want to say the exact number but it is nice when you have two incomes, no debt other than a piece of land and don't pay rent. You can quickly save up some serious cash.


sneakytiger
LSU Fan
Member since Oct 2007
1678 posts

re: Where do I stack up against the Money Board?
I'll put it this way:
28
~$60k net take home
5% to the 401k
I'm hoping to save $25k in the next 12 months on top of that

ETA: I do have some off-balance sheet liabilities that are growing however
This post was edited on 3/26 at 8:13 pm


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goodgrin
LSU Fan
Atlanta, GA
Member since Nov 2003
1250 posts

re: Where do I stack up against the Money Board?
Waaaay behind me. You have a long way to go.
This post was edited on 3/26 at 9:22 pm


Zilla
LSU Fan
Friendswood, TX
Member since Jul 2005
10154 posts

re: Where do I stack up against the Money Board?
34 ....net income approx 90 ...married with 2 kids....have 2 mortgages (1 is a rental)...both cars paid off....

I stash 4k/year for each kid's college
5k/year for each of my 2 roths
5% 401k plus match

kidz are expensive ...not much left after that


Teddy Ruxpin
LSU Fan
New Orleans, LA
Member since Oct 2006
22350 posts

re: Where do I stack up against the Money Board?
Considering my SO will out earn me by about 20k her first year working, this is the best financial decision ever. Of course, that was a byproduct of her being awesome.
This post was edited on 3/27 at 1:25 am


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matthew25
Ole Miss Fan
Member since Jun 2012
4022 posts

re: Where do I stack up against the Money Board?
That is a saving of >20%.

OT baller status if better than 15%, including the match.

How much is your company matching?


Kraut Dawg
Mississippi St. Fan
Member since Sep 2012
417 posts

re: Where do I stack up against the Money Board?
I save about $2500/month total with IRA, 401k, etc. We also have about a $1000/mo travel budget so we're on vacation every other month.


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tigers win2
LSU Fan
Baton Rouge
Member since Oct 2009
2258 posts

re: Where do I stack up against the Money Board?
Wife and I are 43/42 and we save 6400 a month for retirement. That doesn't include company match or stock options and stuff, just the $ that we set aside.

Some to 401k/Roth 401k but also a lot to an after tax account that i treat as hands-off until retirement. I increase the saving into the after tax account by $500 every January.
This post was edited on 3/27 at 6:31 am


ItNeverRains
LSU Fan
Franklin, TN
Member since Oct 2007
7699 posts

re: Where do I stack up against the Money Board?
quote:

Wife and I are 43/42 and we save 6400 a month for retirement. That doesn't include company match or stock options and stuff, just the $ that we set aside. Some to 401k/Roth 401k but also a lot to an after tax account that i treat as hands-off until retirement. I increase the saving into the after tax account by $500 every January.


You've got me beat. 37/35 we do between 3-4k/mo, no 401 but IRA/529/OI's. This will be our 2nd year cracking 200k mark, but adding another mouth to feed in May. Also probably build a little bigger house in 4-5 years, probably in the 750-800k range . , but also


LSUtigerME
LSU Fan
Walker, LA
Member since Oct 2012
1274 posts

re: Where do I stack up against the Money Board?
My breakdown. Me/Wife/kid, 26/26/9mo, net $7500/mo. Need to start saving for college, only debt is mortgage, car loan (1.9%), car lease.

Retirement (hands off):
Roth 401k: $600/month
401k Match (Pre-Tax): $600/month
Roth IRA: $300/month
Total: $1500/month
- Wife and I are also eligible for pension, currently vested. Mine is free, hers is 8% (TRSL).

Savings/Emergency:
Savings Account: $500/month
Taxable Stock Account: $500/month
Total: $1000/month

Grand Total: $2500/month.


Good exercise. I honestly didn't realize it was this high. Trying to creep it up slightly.


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Zilla
LSU Fan
Friendswood, TX
Member since Jul 2005
10154 posts

re: Where do I stack up against the Money Board?
5% dollar to dollar


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