How much of your paycheck do you put into savings? | Page 2 | TigerDroppings.com

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rintintin
New Orleans Saints Fan
Life is Life
Member since Nov 2008
8013 posts

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


As of now I have very few expenses. I put about 50% into savings, which very shortly will be put towards investments.





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jimbeam
USA Fan
University of LSU
Member since Oct 2011
32158 posts

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


Holy crap. Half into savings

You are either ballin or live dirt cheap






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guttata
LSU Fan
prairieville
Member since Feb 2006
20116 posts

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


Live within my means. I also have a wife who works, so that helps a lot.





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MG
LSU Fan
New Orleans
Member since Dec 2007
269 posts

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


quote:

You had a good run.


When my post count explodes to the thousands, you'll be able to say you knew me at 155.






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rintintin
New Orleans Saints Fan
Life is Life
Member since Nov 2008
8013 posts

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


quote:

Holy crap. Half into savings

You are either ballin or live dirt cheap


Much more the latter. But as I said, I have very few expenses.

I'm single (as in not married), have no kids, car is payed off, no credit card or student loan debt, or any other debt, and I don't spend money on material possessions.

It's pretty easy to live off of a relatively small income when you don't throw money away.







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Fat Bastard
New Orleans Saints Fan
Paradise
Member since Mar 2009
16392 posts

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


I have to keep a bunch of money liquid in a money market fund for funding rental real estate deals and for secondary tax liens/foreclosing and flipping properties.





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trillhog
Elite Membership
Member since Jul 2011
18772 posts

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


quote:

Much more the latter. But as I said, I have very few expenses. I'm single (as in not married), have no kids, car is payed off, no credit card or student loan debt, or any other debt, and I don't spend money on material possessions. It's pretty easy to live off of a relatively small income when you don't throw money away.


well aren't you mr. responsible. don't forget to live your life!






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wegotdatwood
Arkansas Fan
Member since Aug 2009
17094 posts

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


When I say "savings" I mean retirement accounts.


Also, how long did y'all save up for your emergency accounts? Should I hold off retirement accounts for that.

Situation- 24, wife 29, 1 baby on the way.

We'll gross 85 next year. 12k in my Roth, 1k in her ira. 7k in checking (I personally want to keep it north of 5k)






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jimbeam
USA Fan
University of LSU
Member since Oct 2011
32158 posts

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


Everyone suggests emergency fund first





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yellowfin
Illinois Fan
Coastal Bar
Member since May 2006
71163 posts

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


quote:

Also, how long did y'all save up for your emergency accounts?


3-6 months worth of living expenses depending who you talk to







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guttata
LSU Fan
prairieville
Member since Feb 2006
20116 posts

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


I was probably in my early 30's, with 2 kids when I started putting half my paycheck away. I'm 40 now. As far as emergency fund, I don't really think about having a certain amt. I try to make sure I have enough in savings to make sure that if I make a big purchase(car), that I still have enough to cover a couple months of bills. My current vehicle is 7 yrs old and I will drive it till the wheels fall off.





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Northwestern tiger
New Orleans Saints Fan
UT-Southwestern
Member since Oct 2005
16691 posts

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


quote:

My current vehicle is 7 yrs old and I will drive it till the wheels fall off.


same here, i drive a 2008 Hyundai and most of my friends drive their 50-75g cars and make fun of me all the time. I'm not cheap and i can easily afford over 50G vehicle. I'm just not into showing off and fancy cars. Am i the only one here ? love me for me






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rintintin
New Orleans Saints Fan
Life is Life
Member since Nov 2008
8013 posts

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


quote:

well aren't you mr. responsible. don't forget to live your life!


Oh I do, just because I'm responsible with my money doesn't mean I don't have fun. Most of my expendable money goes towards going out, eating out, and traveling.






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ell_13
USA Fan
Alex Box
Member since Apr 2013
24570 posts

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


Currently, about %20. Just made a large purchase and am getting it back up to the 4 month cushion level which should take 4/5 months.

This means I won't be able to max out our Roths until early next year when the bonus checks come in.






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ell_13
USA Fan
Alex Box
Member since Apr 2013
24570 posts

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


quote:

Am i the only one here ?


Prius.

Seriously, though, I currently work 50 miles from my house. I bought it (used) two years ago and it is still worth my purchase price. And the car note + gas is still lower than what I was paying for gas in my last vehicle.






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jimbeam
USA Fan
University of LSU
Member since Oct 2011
32158 posts

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


Meh. Civics make 40+





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guttata
LSU Fan
prairieville
Member since Feb 2006
20116 posts

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


I wish I could still do a Roth





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tigersnipen
LSU Fan
Member since Dec 2006
1062 posts

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


Pre or post tax? makes a big difference and are you also including paycheck deductions like 401k, health insurance, disability ect.?

~30% after all deductions tax, ins. ect.
~15% pre tax






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Zach
LSU Fan
Member since May 2005
64420 posts

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


quote:

Wife and I combined 21%.

Exactly the same for us.






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ell_13
USA Fan
Alex Box
Member since Apr 2013
24570 posts

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


The new civics, sure. So more up front. I average 55 mpg.





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