| Posted by | Message |
ParIV 
LSU Fan
Baton Rouge
Member since Apr 2004
1706 posts
| After Mortgage, 401k, and Bills... (Posted on 6/11/12 at 10:50 am)
How much do you save per month?
Trying to see if I am in the norm.
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OnTheBrink 
Alabama Fan
TN
Member since Mar 2012
1815 posts
| re: After Mortgage, 401k, and Bills... (Posted on 6/11/12 at 11:04 am to ParIV)
I send $57.70 a week into a Savings account and $21.70 bi-monthly into an account for my each of my 2 kids. So $317.60 is automatic. Factor in another couple of hundred that I dont use each month and I probably save around $500/month.
That does not include $200 bi-monthly which goes into my 401K and we pay additional on our house monthly.
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Kingwood Tiger
LSU Fan
Katy, TX
Member since Jul 2005
10393 posts
| re: After Mortgage, 401k, and Bills... (Posted on 6/11/12 at 11:10 am to OnTheBrink)
2k or more
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TheHiddenFlask 
Clemson Fan
The Welsh red light district
Member since Jul 2008
16386 posts
| re: After Mortgage, 401k, and Bills... (Posted on 6/11/12 at 11:10 am to OnTheBrink)
15% to house downpayment savings account
3.5% to emergency fund
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VABuckeye 
Ohio State Fan
Oak Hill, VA
Member since Dec 2007
8147 posts
| re: After Mortgage, 401k, and Bills... (Posted on 6/11/12 at 11:22 am to Kingwood Tiger)
quote:
2k or more
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ParIV
LSU Fan
Baton Rouge
Member since Apr 2004
1706 posts
| re: After Mortgage, 401k, and Bills... (Posted on 6/11/12 at 11:25 am to TheHiddenFlask)
I'm between the 1-2 thousand dollar mark right now, but want to build a new home. Will have higher mortgage and higher utilities with the new house, so I just want to make sure I'm not putting myself into a bad situation. Thanks for your responses.
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Queen
LSU Fan
383 miles from Death Valley
Member since Nov 2009
2404 posts
| re: After Mortgage, 401k, and Bills... (Posted on 6/11/12 at 11:41 am to ParIV)
My benchmark is half of one paycheck a month. Sometimes I save more, sometimes less, but it gives me a nice little rainy day fund.
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Tiger Attorney
LSU Fan
New Orleans
Member since Oct 2007
14267 posts
| re: After Mortgage, 401k, and Bills... (Posted on 6/11/12 at 11:49 am to ParIV)
Average about 2k a month but I don't to.it steady. I should. April I only put aside 1k. May I put 5k. I'm think about direct pulls into savings like some people on here are doing. That way I never even see the money.
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VABuckeye
Ohio State Fan
Oak Hill, VA
Member since Dec 2007
8147 posts
| re: After Mortgage, 401k, and Bills... (Posted on 6/11/12 at 12:47 pm to Tiger Attorney)
quote:
I'm think about direct pulls into savings like some people on here are doing
That's what I do. At least 1K every two weeks straight to savings.
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hiltacular 
Georgia Tech Fan
ATL
Member since Jan 2011
5892 posts
| re: After Mortgage, 401k, and Bills... (Posted on 6/11/12 at 1:05 pm to ParIV)
I have probably $1600 extra after EVERY bill/automatic savings is taken out each month.
This $1600 has to cover food+gas+anything extra. So it's probably closer to $1000 extra money laying around each month.
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