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After Mortgage, 401k, and Bills...

Posted on 6/11/12 at 10:50 am
Posted by ParIV
Baton Rouge
Member since Apr 2004
2180 posts
Posted on 6/11/12 at 10:50 am
How much do you save per month?

Trying to see if I am in the norm.
Posted by OnTheBrink
TN
Member since Mar 2012
5428 posts
Posted on 6/11/12 at 11:04 am to
I send $57.70 a week into a Savings account and $21.70 bi-monthly into an account for my each of my 2 kids. So $317.60 is automatic. Factor in another couple of hundred that I dont use each month and I probably save around $500/month.

That does not include $200 bi-monthly which goes into my 401K and we pay additional on our house monthly.
Posted by Kingwood Tiger
Katy, TX
Member since Jul 2005
14162 posts
Posted on 6/11/12 at 11:10 am to
2k or more
Posted by TheHiddenFlask
The Welsh red light district
Member since Jul 2008
18384 posts
Posted on 6/11/12 at 11:10 am to
15% to house downpayment savings account
3.5% to emergency fund
Posted by VABuckeye
NOVA
Member since Dec 2007
38283 posts
Posted on 6/11/12 at 11:22 am to
quote:

2k or more

Posted by ParIV
Baton Rouge
Member since Apr 2004
2180 posts
Posted on 6/11/12 at 11:25 am to
I'm between the 1-2 thousand dollar mark right now, but want to build a new home. Will have higher mortgage and higher utilities with the new house, so I just want to make sure I'm not putting myself into a bad situation. Thanks for your responses.
Posted by Queen
Member since Nov 2009
3043 posts
Posted on 6/11/12 at 11:41 am to
My benchmark is half of one paycheck a month. Sometimes I save more, sometimes less, but it gives me a nice little rainy day fund.
Posted by Tiger Attorney
New Orleans
Member since Oct 2007
20097 posts
Posted on 6/11/12 at 11:49 am to
Average about 2k a month but I don't to.it steady. I should. April I only put aside 1k. May I put 5k. I'm think about direct pulls into savings like some people on here are doing. That way I never even see the money.
Posted by VABuckeye
NOVA
Member since Dec 2007
38283 posts
Posted on 6/11/12 at 12:47 pm to
quote:

I'm think about direct pulls into savings like some people on here are doing


That's what I do. At least 1K every two weeks straight to savings.
Posted by hiltacular
NYC
Member since Jan 2011
20228 posts
Posted on 6/11/12 at 1:05 pm to
I have probably $1600 extra after EVERY bill/automatic savings is taken out each month.

This $1600 has to cover food+gas+anything extra. So it's probably closer to $1000 extra money laying around each month.
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