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Started By
Message
What % of net income
Posted on 2/6/17 at 9:36 am
Posted on 2/6/17 at 9:36 am
are you allocating to these budget categories.
Savings (including post tax retirement, etc.):
Debt:
Bills:
Spending:
Savings (including post tax retirement, etc.):
Debt:
Bills:
Spending:
This post was edited on 2/6/17 at 10:02 am
13
Posted on 2/6/17 at 9:58 am to LSUengineer12
Depends. Age? Kids? Plans?
Posted on 2/6/17 at 10:01 am to BeerMoney
I guess the better question would be - What does this look like for the members of MT?
Posted on 2/6/17 at 10:59 am to LSUengineer12
2% to booze
Posted on 2/6/17 at 11:02 am to LSUengineer12
Savings (including post tax retirement, etc.): 10%
Debt: 0%
Bills: 30%
Spending: 60%
Debt: 0%
Bills: 30%
Spending: 60%
Posted on 2/6/17 at 11:08 am to LSUengineer12
Does not include 401k.
Savings: 21%
Debt (house & car note): 31%
Bills: 10%
Savings: 21%
Debt (house & car note): 31%
Bills: 10%
Posted on 2/6/17 at 11:11 am to LSUengineer12
Percentages are kind of meaningless if I don't know what the percentage is of.
30% of what? 10 Million?
30% of what? 10 Million?
Posted on 2/6/17 at 11:36 am to LSUengineer12
quote:
Savings (including post tax retirement, etc.): 75%
Debt: 0%
Bills: 20%
Spending: 50%
Posted on 2/6/17 at 11:48 am to LSUengineer12
At 46
After charitable giving
Savings (including post tax retirement, etc.): 50%
Debt: < 5%
Bills: 15%
Spending: 30%
After charitable giving
Savings (including post tax retirement, etc.): 50%
Debt: < 5%
Bills: 15%
Spending: 30%
Posted on 2/6/17 at 12:04 pm to LSUengineer12
Age: 27
Savings (including post tax retirement, etc.): 50%
Debt: 0%
Bills: 40%
Spending: 10%
Savings (including post tax retirement, etc.): 50%
Debt: 0%
Bills: 40%
Spending: 10%
Posted on 2/6/17 at 12:12 pm to LSUengineer12
46
Savings (including post tax retirement, etc.): 60-65%
Debt: 0%
Bills: what is this?
Spending: 35-40%
Variation of savings rate is due to income changes, not spending.
Savings (including post tax retirement, etc.): 60-65%
Debt: 0%
Bills: what is this?
Spending: 35-40%
Variation of savings rate is due to income changes, not spending.
Posted on 2/6/17 at 2:45 pm to Hawkeye95
These savings figures are a clear example of how the MTB differs from 90+% of America.
I'm right there with you so guilty as charged but most of America is saving close to 0%.
I'm right there with you so guilty as charged but most of America is saving close to 0%.
Posted on 2/6/17 at 3:35 pm to jclem11
quote:
Age: 27
Savings (including post tax retirement, etc.): 50%
Posted on 2/6/17 at 4:11 pm to lynxcat
quote:
These savings figures are a clear example of how the MTB differs from 90+% of America.
I am unlike 95%+ of america in almost every way you could imagine.
quote:
I'm right there with you so guilty as charged but most of America is saving close to 0%.
it boggles my mind. I know quite two families that are close to $150k in income and they live paycheck to paycheck. One of the family does put 3% in their 401k though. Still ridiculous.
Posted on 2/6/17 at 4:18 pm to Hawkeye95
quote:
I know quite two families that are close to $150k in income and they live paycheck to paycheck
I'm 31 with no debt other than a mortgage and I'm already worried about not having enough money to retire in my 50s.
How grown adults can live like that without putting anything away is mind blowing.
Posted on 2/6/17 at 4:30 pm to WG_Dawg
quote:
How grown adults can live like that without putting anything away is mind blowing.
I don't understand it. One asks me for investment advice. He had $3k last year left over from his bonus and asked me what to do with it. I told him the standard advice. He them promptly financed a home renovation using the $3k as a downpayment.
He financed a new laptop for his wife.
Posted on 2/6/17 at 6:19 pm to LSUengineer12
savings
max out tax advantaged accounts
fund after tax as possible
debt
become debt free as soon as possible, do not pay others interest
bills
pay in full each month and ask if really needed
spending
enjoy experiences and not stuff unless the stuff allow you to enjoy experiences
max out tax advantaged accounts
fund after tax as possible
debt
become debt free as soon as possible, do not pay others interest
bills
pay in full each month and ask if really needed
spending
enjoy experiences and not stuff unless the stuff allow you to enjoy experiences
Posted on 2/6/17 at 9:01 pm to stonerolledaway
How are so many of you putting 0% towards debt? Not own a house? I can understand not having a car note but there can't be that many with no house note.
I'm probably
20% savings
25% Debt (trying to pay off land to build)
40% Expenses
15% Spend
I'm probably
20% savings
25% Debt (trying to pay off land to build)
40% Expenses
15% Spend
Posted on 2/7/17 at 6:26 am to tigereye58
paid the house off early, it was accelerated by a small inheritance. One huge advantage is I have been there 20 years next year. Highly recommend buying smart, reasonable size house in a good area. Not being chased out by the neighborhood going downhill is worth a hundred grand. Not flooding was worth another hundred grand. Luck or divine help involved. For a long time all I pay is taxes, insurance, and maintenance, way less than a nice one bedroom apartment rent.
Posted on 2/7/17 at 6:42 am to LSUengineer12
we avg about 30-35k yr in retirement accounts
bills with mortgage about $4500/mo
Spending with CC membership around $1000/mo
The rest goes in savings, which we keep rather high (lower 6 figures) as I am in real estate and in a competitive market like Nashville if I need to move on a property cash is king.
62% of Adult Americans polled having less than $1000 dollars in the bank. My 3 year old has more than that from Christmas and Birthday $ from family. Insane.
bills with mortgage about $4500/mo
Spending with CC membership around $1000/mo
The rest goes in savings, which we keep rather high (lower 6 figures) as I am in real estate and in a competitive market like Nashville if I need to move on a property cash is king.
62% of Adult Americans polled having less than $1000 dollars in the bank. My 3 year old has more than that from Christmas and Birthday $ from family. Insane.
This post was edited on 2/7/17 at 6:49 am
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