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Old 01-01-2010, 12:55 PM
 
Location: US Empire, Pac NW
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I save 15% of my money pre-tax into a 401(k) and with employer match it comes out to around 21%. After-tax I save roughly 21.7%. That savings goes towards paying off credit debts, saving for a home, and some of that goes towards a margin account which I can use to buy and sell equities.

That amount of after-tax savings is gonna go down after I buy a house though because housing costs in the Seattle area are astronomical, thanks to the Micro$ofties and their six figure incomes right outta college. Am I jealous. You betcha. But eh, my job is secure, and I'll be right back up there after a few years, probably, though I am also going to start saving for kids' educations and not for pleasure . I'm getting old.
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Old 01-01-2010, 01:08 PM
 
Location: Victoria TX
42,668 posts, read 71,556,197 times
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I don't even know. I know that I am living on less than my SS benefit, which gets direct deposited, which means it simply goes where the rest of my money is, and gets drawn out as needed. I move it around from account to account as necessary, but I don't keep track of how much there is, except I could probably guess the total amount within about 10%.

Even during my working life, I never thought about how much it was. I just made sure my lifestyle cost me substantially less then I earned, and everything went into the pot, to be taken out as needed.

Last edited by jtur88; 01-01-2010 at 01:17 PM..
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Old 01-01-2010, 04:12 PM
 
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I'd say we save about 23% of our pre-tax income. That includes all retirement/non-retirement investments, as well as savings.
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Old 01-01-2010, 04:48 PM
 
Location: Oregon Coast
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After taxes I'd guess we are saving about 30% of our income. We just started doing this a few months ago. It feels good to have some money saved. We also have an emergency fund in a different account.
I've discovered that we really don't need to buy a lot of stuff as we already have most things that we need.
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Old 01-02-2010, 07:16 PM
 
Location: Bike to Surf!
3,080 posts, read 9,689,364 times
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Haha, -200% or so now, since we sometimes do a little freelance work.

After taxes, we saved 76% of our income for a few years. We used some of the savings to travel around the world and then go back to school, and now we don't have to go back to work for, I dunno, maybe 4 years or so if we don't want to or can't find good jobs.

"Retired" before 30, ahhh... this is the life!
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Old 01-03-2010, 05:06 PM
 
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Being 23, about 70% of my income is going towards paying my student loan debt. About a year of aggressively paying like this and I should have it paid off!
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Old 01-03-2010, 11:32 PM
 
Location: Ocean Shores, WA
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Regardless of how much you save, money only has value when it's being spent.
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Old 01-04-2010, 12:09 AM
 
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Quote:
Originally Posted by Fat Freddy View Post
Regardless of how much you save, money only has value when it's being spent.
If by that statement you mean that a person shold have a reason for why they are saving (and see money as a means to an end), then I agree. If by that you are suggesting that we should live for today, then I disagree. There is a psychological value to money (i.e. security) that is only derived when it isn't spent.
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Old 01-04-2010, 06:58 AM
 
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About 35-40% of net income. Having a paid off house and car helps tremendously.
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Old 01-04-2010, 11:01 AM
 
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I put in 15% (+5% employer match) and my wife puts in 33%......... Together we pay 30% of our income to student loans... so just about 60% of our income goes to student loans and retirement...
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