Savings %

[Kenny_Stang]

About 30%, 15% goes into retirement and the other 15% goes into a regular savings account.

It will take a huge hit though when the divorce is finalized next week.

[Denny]

Amount saved is a decent yardstick but you should go beyond that and ask yourself how much your net worth increases every month. Net worth being the value of everything you own minus what you owe in debt.

Some are still staring at this post. LOL!!!

Let's not get into it on here. Not like it'll have many honest posts anyway.

[Leah]

This sounds strangely, like, having a family. This is how it goes for us all the time. There is always a bill that wipes out some part of the savings if any some months.

We should have a "how much are you NOT saving" thread for us.....lol

Sad, but true.

[46Tbird]

I have 6% into 401k and 10% into a savings account before I even get a chance to spend it.

After that, it depends. Sometimes I want to F around with my r/c boat or my old cars. Sometimes I need new clothes. Sometimes I have an unplanned expense. I usually spend about 80% of my remaining check, the rest just sits in the checking account. Here lately I've been spending more since the bills are a little higher and I have two vacations right in a row.

[Randy]

Us, too. However, we do 'blow' a lot from going out and having fun. When we do get a chunk saved or that comes our way, there's always something we need to do to the house or one of the kids has medical or other big expenses or we need to buy a car or something. Once floors are put in and our countertops are replaced, I would like to say we will be putting some back (other than teacher retirement and 401k), but by then, we will have 2 boys at driving age and will need to purchase them something to drive...It never ends.

This sounds strangely, like, having a family. This is how it goes for us all the time. There is always a bill that wipes out some part of the savings if any some months.

We should have a "how much are you NOT saving" thread for us.....lol

[Juiced4v]

Nothing this month...not planning for anything in Sept either....will be on track in October!

[mstng86]

Us, too. However, we do 'blow' a lot from going out and having fun. When we do get a chunk saved or that comes our way, there's always something we need to do to the house or one of the kids has medical or other big expenses or we need to buy a car or something. Once floors are put in and our countertops are replaced, I would like to say we will be putting some back (other than teacher retirement and 401k), but by then, we will have 2 boys at driving age and will need to purchase them something to drive...It never ends.

This sounds strangely, like, having a family. This is how it goes for us all the time. There is always a bill that wipes out some part of the savings if any some months.

[Leah]

This is probably true for the majority.

It is for me.......

Us, too. However, we do 'blow' a lot from going out and having fun. When we do get a chunk saved or that comes our way, there's always something we need to do to the house or one of the kids has medical or other big expenses or we need to buy a car or something. Once floors are put in and our countertops are replaced, I would like to say we will be putting some back (other than teacher retirement and 401k), but by then, we will have 2 boys at driving age and will need to purchase them something to drive...It never ends.

[BP]

6% into a 401k, otherwise it's all going to a mortgage and other bills. I have enough in my checking account to cover 3 months worth of bills without hitting savings/401k. That and I have an extra vehicle I could flip for enough cash tomorrow to survive another 3-4 months if I really needed to.

I really don't see a point in saving any money when the return is less than 1/2 a percent interest and I'm paying more than that on my mortgage. Now if I were a dfwmustangs baller and my McMansion was paid for and I had cash only exotic cars then of course my meagre salary would go into savings for that measly interest.

[Broncojohnny]

Amount saved is a decent yardstick but you should go beyond that and ask yourself how much your net worth increases every month. Net worth being the value of everything you own minus what you owe in debt.

[GrayStangGT]

I max out my Roth IRA and try to do 10-20% on top of that. I work for a small company my family owns so I don't have the benefit of 401k etc.

[Randy]

This is probably true for the majority.

It is for me.......

[Swamp Donkey]

I have a hard time saving with mortgage, car and expenses. I try but i'm not as fortunate as some to be able to save 2k or more per month. If im lucky i'll probably have 3-400 left over at the end of the month, but invaribly something happens the next month to wipe it out.

This is probably true for the majority.

[slow06]

Right at 45% to 50% of our combined income. After bills ect we save whatever is left from my paycheck, her's goes straight to savings account, we never see it. We don't make that much, but we are blessed to have no car payment and our apartment rent is fairly cheap. We plan on trying to buy a house by May 2012, and I'm praying that we can find a house in our price range and keep things close to the same savings wise.

[sosoe]

Nothing thinking of selling my project and just stashing that money away...but i should be saving up the bonus i get from work though.