How much of your paycheck do you put into savings? | TigerDroppings.com

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King of New Orleans
LSU Fan
In front of The Hungry Tiger
Member since Jul 2011
4987 posts

How much of your paycheck do you put into savings?


assuming you get paid every two weeks...






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jimbeam
USA Fan
University of LSU
Member since Oct 2011
30460 posts
 Online 

re: How much of your paycheck do you put into savings?


Right now? All of it.
When I get a job after college? Shooting for 20%






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trillhog
Elite Membership
Member since Jul 2011
18772 posts

re: How much of your paycheck do you put into savings?


right now? i go a few grand neg into my savings every month.


This post was edited on 7/12 at 8:30 am


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Powerman
LSU Fan
Corpus Christi, TX
Member since Jan 2004
120422 posts

re: How much of your paycheck do you put into savings?


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






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Cmlsu5618
McNeese State Fan
Destin, FL
Member since Sep 2010
2294 posts

re: How much of your paycheck do you put into savings?


quote:

Powerman


Whatever you do, stay away from investments.






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Jwodie
LSU Fan
New Orleans
Member since Sep 2009
5652 posts

re: How much of your paycheck do you put into savings?


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.






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I Love Bama
Alabama Fan
Alabama
Member since Nov 2007
32075 posts

re: How much of your paycheck do you put into savings?


Most of it. I keep a lot liquid to jump in and out of deals.





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eelsuee
LSU Fan
2B+!2B
Member since Oct 2004
3966 posts
 Online 

re: How much of your paycheck do you put into savings?


I don't have a set amount, but I average about 30%.





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onelochevy
LSU Fan
Slidell, LA
Member since Jan 2011
6066 posts

re: How much of your paycheck do you put into savings?


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.





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kennypowers816
LSU Fan
Houston
Member since Jan 2010
1771 posts

re: How much of your paycheck do you put into savings?


into just liquid savings? 16% of salary (pre-tax)

10% to 401k

and try been maxing my roth contribution lately






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wegotdatwood
Arkansas Fan
Member since Aug 2009
17094 posts

re: How much of your paycheck do you put into savings?


Wife and I combined 21%.





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yellowfin
Illinois Fan
Coastal Bar
Member since May 2006
69175 posts

re: How much of your paycheck do you put into savings?


which savings?







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LSUAfro
LSU Fan
Baton Rouge
Member since Aug 2005
10298 posts

re: How much of your paycheck do you put into savings?


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).






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Vols&Shaft83
Tennessee Fan
Member since Dec 2012
12802 posts
 Online 

re: How much of your paycheck do you put into savings?


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.






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jimbeam
USA Fan
University of LSU
Member since Oct 2011
30460 posts
 Online 

re: How much of your paycheck do you put into savings?


You wear Walmart velcros and wife beater?





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Vols&Shaft83
Tennessee Fan
Member since Dec 2012
12802 posts
 Online 

re: How much of your paycheck do you put into savings?


quote:

You wear Walmart velcros and wife beater?



Well not when I'm working Shirt & Tie for work, whatever is comfortable everywhere else






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GoCrazyAuburn
Auburn Fan
Member since Feb 2010
14281 posts
 Online 

re: How much of your paycheck do you put into savings?


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.





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Northwestern tiger
New Orleans Saints Fan
UT-Southwestern
Member since Oct 2005
16632 posts

re: How much of your paycheck do you put into savings?


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







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guttata
LSU Fan
prairieville
Member since Feb 2006
20029 posts
 Online 

re: How much of your paycheck do you put into savings?


50%. One paycheck covers all the bills and the other goes to savings/investment.





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rintintin
New Orleans Saints Fan
Life is Life
Member since Nov 2008
7701 posts

re: How much of your paycheck do you put into savings?


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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