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Started By
Message
How much of your paycheck do you put into savings?
Posted on 7/12/13 at 8:22 am
Posted on 7/12/13 at 8:22 am
assuming you get paid every two weeks...
19
Posted on 7/12/13 at 8:23 am to King of New Orleans
Right now? All of it. 
When I get a job after college? Shooting for 20%
When I get a job after college? Shooting for 20%
Posted on 7/12/13 at 8:30 am to King of New Orleans
right now? i go a few grand neg into my savings every month.
This post was edited on 7/12/13 at 8:30 am
Posted on 7/12/13 at 8:42 am to King of New Orleans
I put 600 into an online savings account every 2 weeks
Another 200 every 2 weeks (really 400 once a month) into a separate checking account (using it to fund my next car purchase)
Anything extra just stays in checking
Another 200 every 2 weeks (really 400 once a month) into a separate checking account (using it to fund my next car purchase)
Anything extra just stays in checking
Posted on 7/12/13 at 9:05 am to Powerman
quote:
Powerman
Whatever you do, stay away from investments.
Posted on 7/12/13 at 9:10 am to King of New Orleans
On the 15th I put roughly 30% of paycheck into savings.
On the first/end of month, about 12% because that's when most of my bills come due.
On the first/end of month, about 12% because that's when most of my bills come due.
Posted on 7/12/13 at 9:19 am to King of New Orleans
Most of it. I keep a lot liquid to jump in and out of deals.
Posted on 7/12/13 at 10:52 am to King of New Orleans
I don't have a set amount, but I average about 30%.
Posted on 7/12/13 at 12:45 pm to MG
I'm hourly, so right now I try to put anything above a base 40hr. check into savings. Usually between 140-300/wk. depending on how much OT I get.
Posted on 7/12/13 at 12:57 pm to King of New Orleans
into just liquid savings? 16% of salary (pre-tax)
10% to 401k
and try been maxing my roth contribution lately
10% to 401k
and try been maxing my roth contribution lately
Posted on 7/12/13 at 12:58 pm to King of New Orleans
Wife and I combined 21%.
Posted on 7/12/13 at 1:07 pm to King of New Orleans
which savings?
Posted on 7/12/13 at 1:15 pm to King of New Orleans
I have never put money in to a savings account. Mine carries the minimum balance to not have a fee imposed on it. $100. I don't see the point of a savings account these days.
I just transfer money from checking to roth when I feel comfortable. I'm not going to spend any more or less because I "hid" money from myself in my savings account, but I definitely know people that need to do this(my wife).
I just transfer money from checking to roth when I feel comfortable. I'm not going to spend any more or less because I "hid" money from myself in my savings account, but I definitely know people that need to do this(my wife).
Posted on 7/12/13 at 1:37 pm to LSUAfro
quote:
I just transfer money from checking to roth when I feel comfortable. I'm not going to spend any more or less because I "hid" money from myself in my savings account, but I definitely know people that need to do this(my wife).
As much as I hate to admit it, I need to do this too.
Since I'm paid several times per week, in various amounts, I typically take about 80% to set aside for business expenses (retained earnings), taxes, retirement, investments, savings for large purchases. I live on about 20%, give or take, and I'm pretty comfortable.
People see the kind of car I drive and the clothes I typically wear and assume I don't make much. When I tell them what I earned last year, they have to be thinking I have a drug problem or something, because I just don't live like the typical young professional. Millionaire Next Door mentality.
Goal is to build a portfolio strong enough to support a high standard of living (large residence, boat, couple of classic cars, 4-6 weeks of international vacation travel every year, massive saltwater aquarium with pet sharks, hot wife, and couple of well educated kids) without touching the principal. And I want to accomplish this before age 50, I'm 30 now.
Posted on 7/12/13 at 1:39 pm to Vols&Shaft83
You wear Walmart velcros and wife beater?
Posted on 7/12/13 at 2:02 pm to jimbeam
quote:
You wear Walmart velcros and wife beater?
Well not when I'm working
Shirt & Tie for work, whatever is comfortable everywhere else
Posted on 7/12/13 at 2:11 pm to King of New Orleans
I'm at about 30-35% each check at the moment going to emergency fund (though that is almost complete), retirement accounts, and my permanent insurance. My expenses right now are stupid low.
Posted on 7/12/13 at 2:21 pm to King of New Orleans
about 30% in my saving+20% in my stock portfolio every month
I'm single and i don't have much expenses
I spend 10G every year on travel expenses overseas
I'm single and i don't have much expenses
I spend 10G every year on travel expenses overseas
Posted on 7/12/13 at 2:26 pm to Northwestern tiger
50%. One paycheck covers all the bills and the other goes to savings/investment.
Posted on 7/12/13 at 2:27 pm to Northwestern tiger
quote:
about 30% in my saving+20% in my stock portfolio every month
I'm single and i don't have much expenses
I spend 10G every year on travel expenses overseas
This guy gets it.
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