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May 17, 2024
9:50
:30
am
Ycrazy
All-American
As much as possible given limits of being married and having kids.
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Ycrazy
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Ycrazy
Joined
Apr 14, 2011
Last login
Jun 6, 2024
Total posts
8,709 (6 FO)
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Messages
Author
Time
What is your current personal savings rate?
rad dawg
May 17, 9:48am
30-35% depending on the year (includes retirement accounts)
cougsnhoosiers
May 17, 9:48am
Nice. investments are calculated as savings as far as I know.
rad dawg
May 17, 9:51am
3.2%? Undisciplined losers.
Ragnar Danneskjold
May 17, 9:48am
-3.5 I'm not sure it is sustainable
Plato
May 17, 9:49am
Make it up on volume
Skeptical Optimist
May 17, 9:51am
US Government: "Those are rookie numbers."
RobAdams
May 17, 10:16am
As much as possible given limits of being married and having kids.
Ycrazy
May 17, 9:50am
25% Total. 10% goes to savings account/rainy day fund. 15% goes into retirement.
Jeff Spicoli
May 17, 9:50am
That sounds like a very robust rainy day. I've heard that you should fund it to 3-6 months of expenses and the rest
Niiineteeen84
May 17, 10:00am
<< Deleted >>
Baron
May 17, 9:50am
0.0%. When there is no chance of the wealth running out, savings is unnecessary
Nikomedes
May 17, 9:50am
Net income? Wouldn't that be 100% for everyone?
RGGeemer
May 17, 9:50am
Net income being defined as after taxes.
rad dawg
May 17, 9:52am
What about pretax savings (401k)? Include?
RGGeemer
May 17, 9:54am
I believe those are added to the numerator for the calculation.
rad dawg
May 17, 9:58am
Approx. 15% depending on the year.
Marvelous
May 17, 9:52am
~60%
bluecougar1985
May 17, 9:53am
20%-30% depending on the year
UVCoug
May 17, 9:53am
I try for 50, but I usually hit about 40
EQD2
May 17, 9:53am
I have a spreadsheet. 2023 I was at 41.3%.
TCuz
May 17, 9:55am
We try to plan for 28-30%
tyler durden
May 17, 9:56am
401k 12% plus 4% match. Other than that we have an emergency fund and various
CougarTwins
May 17, 9:56am
51.3%, mostly thanks to a 2.65% mortgage rate
Bainge
May 17, 9:57am
Wait, I read this as gross income. Of my "net" (income less taxes?) it's 59.7%
Bainge
May 17, 10:31am
probably 25-30% over the past decade or so.
SuperTank
May 17, 9:57am
65%
Forbidden Fruit
May 17, 9:59am
that’s awesome
Flyingdolphin
May 17, 10:25am
30%
TarCoug
May 17, 10:00am
21% of gross.
JohnnyC
May 17, 10:00am
Are the people who say 15%+ really rich or empty nesters? Between my taxes, 7.5%
AggieWeekendCougar
May 17, 10:01am
No. I'm lucky to have a low mortgage payment tho
RGGeemer
May 17, 10:03am
I don't have a high mortgage either. 2.875% and only owe $300k. Less than
AggieWeekendCougar
May 17, 10:09am
What is your income, if you don't mind me asking? I'm lucky to have a $150k
RGGeemer
May 17, 10:10am
My house only cost $235k, mortgage down to $153k left at 2.875% interest
RGGeemer
May 17, 10:11am
When we moved to town in 2015, $235k would have bought a newer townhome or a
AggieWeekendCougar
May 17, 10:26am
Not rich. Single income.
Marvelous
May 17, 10:05am
CB is a very educated group thus many high earners
rad dawg
May 17, 10:09am
What would you define as “really rich”?
YIsForBrigham
May 17, 10:12am
Good question. I finally paid off all of my debt so that's why the high savings
cougsnhoosiers
May 17, 10:30am
25%
Adwight
May 17, 10:01am
While working 25-30%, since I retired 2 years ago about 15%
gilbertatty
May 17, 10:02am
0
TNT
May 17, 10:02am
28% of gross (max out 401k, 2 iras, hsa) plus another 7.5% company match on 401k
RGGeemer
May 17, 10:02am
This thread makes me sad. Outside of 401k and HSA, we spend every other dime we have. Used to drive me insane. Now I’m
timpjynx
May 17, 10:02am
401k still puts you way ahead of the curve.
rad dawg
May 17, 10:13am
I keep telling myself that. Here’s the frustrating thing though - $850 mortgage on 3200sf house, 1 car payment, no boats
timpjynx
May 17, 10:46am
It comes down to one of 2 likely possibilities
rad dawg
May 17, 10:57am
15-20%
Littlerich
May 17, 10:04am
Of net it’s gonna be something like 85%
JollyGreenGiant
May 17, 10:05am
~20-40%
OPINIONS
May 17, 10:21am
51% on gross minus tax (which isn't net...) Dual income, 1 kid.
NarfUte
May 17, 10:22am
Net income has a different definition on this board.
rad dawg
May 17, 10:35am
Around 45-50 percent, a bit difficult to know monthly
BYUfan92
May 17, 10:22am
Nice try IRS
Archaea
May 17, 10:59am
Some of you need to enjoy some of that money while you still have your health...
Traveling Coug
May 17, 11:59am
Die poor after
Archaea
May 17, 12:34pm
15-18% on the gross
BYU Grounds
May 17, 12:19pm
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