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Old 09-10-2012, 12:21 PM
 
Location: West Paris
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I generally save 15% of my income.It is the average in France.And you ??
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Old 09-10-2012, 02:04 PM
 
Location: MO->MI->CA->TX->MA
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Before taxes: about 1/3

After taxes: about 40%
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Old 09-10-2012, 07:17 PM
 
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Around 30%.
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Old 09-11-2012, 08:35 AM
 
Location: Connecticut
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I save around 30-40%.

*of my after tax/take home
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Old 09-11-2012, 08:48 AM
 
Location: Englewood, Near Eastside Indy
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Around 17% of my take home pay. Sad to say, this is more than I ever have before; and more than most people I know.
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Old 09-11-2012, 10:48 AM
 
Location: Boise, ID
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Depends on how you are defining savings.

If you are referring to just adding to my cash reserves, then around 20% of my take home

If you are referring to savings and investing, both, then currently somewhere around 45-50% of take home.
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Old 09-11-2012, 11:13 AM
 
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Kind of depends on what you consider "save" and how you consider "save" vs "invest." We "saved" a bunch early on to put a house down-payment down and have a large emergency fund in a money market account. Now, we still live fairly frugally and don't spend tons, but almost everything above and beyond our normal spending is "invested" as opposed to just saved so I'll just break it down overall...

For pre-tax, my wife and I both max our 401ks every year and have since we graduated and got jobs (2007 and 2009 respectively). After pre-tax contributions, taxes, and insurance we save/invest the following from our take-home pay:

-We each maximize our Roth IRAs ($5000 each/yr)
-We invest another 10% each month into Vanguard non-retirement index funds
-We pay 1.5x our mortgage payment each month
-Whatever is left-over each month after this investing and covering our normal bills and entertainment gets funneled to our money market account
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Old 09-16-2012, 11:15 PM
 
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Being retired, we can't dump money into Roths, etc.which we could maximize when working. We can put it into open fund investments, annuities and the like.... We pay all our bills monthly and dump the rest into those open funds. [We have a good amount in a .8% savings to use in case of emergency; is that silly? Maybe. However, if the SHTF and you could not get the money from annuity or mutuals or IRA? Then we have what we have and can grab it immediately.] One year, I saved my entire take-home in IRAs and open accounts. My husband still had a chunk to dump into savings. [If you buy what you need, not what you as opposed to what you "THINK" you need, the money is always a lot higher to save than otherwise.]
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Old 09-26-2012, 08:31 PM
 
Location: Brisbane
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Dont know if it is classed as savings, but we put 65% of our take home income into our mortgage, or about 5 times the required minimum amount.

Last edited by danielsa1775; 09-26-2012 at 08:41 PM..
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Old 09-26-2012, 09:24 PM
 
Location: southwestern PA
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Quote:
Originally Posted by danielsa1775 View Post
Dont know if it is classed as savings, but we put 65% of our take home income into our mortgage, or about 5 times the required minimum amount.
No... it's not.
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