How much of your paycheck do you save? - page 3

I've always been debt averse but slow on savings. Now I'm passionate about it and saving/investing is one of my favorite hobbies.... Read More

  1. by   HM2VikingRN
    Quote from www.angel29
    I would like to save & will try to do so soon, I'm trying to discipline myself into paying bills on time, once I pay off some debts, I should be in better shape to save up for my future.
    Make your savings a bill to yourself. Treat it as one of your bills....
  2. by   Sheepak
    I save about 20 % of my paycheck and religiously put it in the saving account. I also used to make my bank monthly take that 20 % from my account and put it in a fixed saving account.
  3. by   azhiker96
    Currently my DW and I are only putting 4% into our 401K accounts. That's the max for matching. Instead we're working on our debt snowball. This year we paid off her car 2 years early and also paid off the AC unit that died. We've started on our Harley loan and it will be paid in full by April. Total debt retired this year will be just over $30K. Rice and beans taste pretty good when you're paying off debts.
  4. by   Meriwhen
    I save about 30%. But we're dual-income, and his covers most of our living expenses.
  5. by   linearthinker
    None of the answers fit. I don't save any of it, the reason I work is for mad money. Dh supports us very comfortably now and retirement is not an issue, but I want to have money of my own, kwim? I think it is pretty tacky to use his money to buy him a gift for instance, lol.
  6. by   tewdles
    We live paycheck to paycheck...thanks to a foray into the medical world with an insurance company which decided not to pay and dropped us like a hot potato. Oh right....and then there was the health care business that dropped my dh's employment after he got back on his feet...and that thing about our home losing 30% of it's value (mortgage payment stayed the same tho!).
  7. by   NickiLaughs
    Not when I've got 80k in student loans to pay off first....*sigh.* that takes too much of my salary and I barely scrape by.
  8. by   joanna73
    I'm saving and I'm paying off loans. Roughly 1000 a month goes to student loans, but by doing it this way, my loans will take 3 years to pay versus 9.5.
  9. by   NickiLaughs
    Quote from joanna73
    I'm saving and I'm paying off loans. Roughly 1000 a month goes to student loans, but by doing it this way, my loans will take 3 years to pay versus 9.5.
    You will be so glad you did this at the end of it.
  10. by   leenak
    Both my husband and I contribute to our 401k funds, which is about 15% of our paychecks. Beyond that, most of my paycheck right now is going into savings. We also pay about 3 extra mortgage payments per year. Right now though we don't have any debts other than our mortgage.
  11. by   buytheshoes11
    I try to sock away 10% every month but sometimes it's hard...especially when unexpected medical issues come up and cars die on you. Some months, just breaking even is a blessing.

Must Read Topics


close