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re: How much money do you put in savings every paycheck?
Posted on 12/4/12 at 4:12 pm to Too Frat To Care
Posted on 12/4/12 at 4:12 pm to Too Frat To Care
The rule of thumb that I see most quoted is 10% of disposable income. As a nation, that hasn't been achieved since the mid 1980's.
I (1) max out my HSA, (2) max out my Roth IRA, (3) 15% of gross goes into my 401k, and (4) sweep what amounts to another 15% of gross into a self directed brokerage account. My personal savings rate is about 43%. Gains/interest/dividends get reinvested. Bonuses go to the single mother scholarship fund. It's my goal to grow my net worth by 5% to 8% per quarter for the next two years.
I (1) max out my HSA, (2) max out my Roth IRA, (3) 15% of gross goes into my 401k, and (4) sweep what amounts to another 15% of gross into a self directed brokerage account. My personal savings rate is about 43%. Gains/interest/dividends get reinvested. Bonuses go to the single mother scholarship fund. It's my goal to grow my net worth by 5% to 8% per quarter for the next two years.
Posted on 12/4/12 at 7:57 pm to Hand
I put 6% in 401K to get the company match. I do not have any other retirement accounts set up.
I have $11.5K in student loans to pay off at roughly 5% interest. Should I put all my extra money towards them to get them paid off ASAP and then start saving or try to do them both?
I'm currently trying to pay them off ASAP and am not saving much.
Just looking for an outside opinion.
I have $11.5K in student loans to pay off at roughly 5% interest. Should I put all my extra money towards them to get them paid off ASAP and then start saving or try to do them both?
I'm currently trying to pay them off ASAP and am not saving much.
Just looking for an outside opinion.
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