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re: How much money do you put in savings every paycheck?
Posted on 12/3/12 at 8:41 am to Athanatos
Posted on 12/3/12 at 8:41 am to Athanatos
net pay is only about $4000 a month (I know, not OT)
8% of gross into retirement accounts
$500 into new home fund
$200 into emergency fund
$200 into cruise fund.
whatever extra after bills into extra student loan payments.
8% of gross into retirement accounts
$500 into new home fund
$200 into emergency fund
$200 into cruise fund.
whatever extra after bills into extra student loan payments.
Posted on 12/3/12 at 9:12 am to TigerFanatic99
15% into company stock (given a 15% discount w/ no lock up, converted into cash before every earnings announcement)
2.25% from stock purchase discount
6% contribution to Roth 401k
7.5% company match
That brings it to an effective rate of 30.75%, with a personal savings rate of 21%
I also live only on my salary and don't include my bonus into any of my plans, so 100% (20% of my salary) goes into savings.
If you count my bonus in the equation, it's 42.29%.
However, I always seem to be a couple hundred bucks a month over, hurting cash savings, so it may be a little under 40% in reality.
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