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

Report problem with this ad

May 17, 2024
10:02:54am

timpjynx All-American

Used to it I guess.

Report problem with this ad

timpjynx

Bio page: timpjynx
Joined: Jul 6, 2009
Last login: Jun 7, 2024
Total posts: 4,580 (28 FO)

Report problem with this ad

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

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

Posting on CougarBoard