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re: How much money do you put in savings every paycheck?
Posted on 12/5/12 at 10:44 am to Too Frat To Care
Posted on 12/5/12 at 10:44 am to Too Frat To Care
I actually save about 65% of what I clear on my paycheck. Most goes into my checking but I also have an auto deposit linking my checking account to my brokerage account. Typcially I invest about 15-20% of what I save.
Posted on 12/5/12 at 12:09 pm to braindeadboxer
I max 401k for my wife and I. We own the company and are both over 50 so I think that works out to $22500 each a year.
I also set aside $1000 a paycheck for savings. Payroll is every two weeks so that's another $26000 a year.
An additional $5k goes into IRAs for each of us every year.
Then I save cash and stick it in a drawer in my office. $100 every two weeks and I don't spend $1 bills so all those go into the drawer as well.
I'm looking for more ways to put cash away for us. I want to get to well over $100k a year but I have a ways to go to get there. One just out of college and one in college right now. There's over $1000 a month more I'll put away once he's done.
I also set aside $1000 a paycheck for savings. Payroll is every two weeks so that's another $26000 a year.
An additional $5k goes into IRAs for each of us every year.
Then I save cash and stick it in a drawer in my office. $100 every two weeks and I don't spend $1 bills so all those go into the drawer as well.
I'm looking for more ways to put cash away for us. I want to get to well over $100k a year but I have a ways to go to get there. One just out of college and one in college right now. There's over $1000 a month more I'll put away once he's done.
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