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SharonH, RN SharonH, RN (New Member) New Member

How much of your paycheck do you save?

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What is your savings philosophy and how much do you save?

  1. 1. What is your savings philosophy and how much do you save?

    • 0%- I would but I just don't have the money right now.
      27
    • 0%- The future will take care of itself.
      1
    • 5-10%- That's all I can afford.
      20
    • 5-10%- That should be plenty.
      8
    • 10-15%- I plan to have a comfortable retirement.
      12
    • 15-25%- I plan to finish rich!
      11
    • 25%+- Okay I'm obsessed.
      14

93 members have participated

Wow, this poll makes me feel better about my measly 40%! I was raised to never waste money..............but having an indulgence once in a while helps and keeps me sane :) Come on Godiva chocolate.......................

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Wow, this poll makes me feel better about my measly 40%! I was raised to never waste money..............but having an indulgence once in a while helps and keeps me sane :) Come on Godiva chocolate.......................

You save "only 40%"??? What a measly amount. How dreadful for you. :lol2:

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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....

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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.

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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.

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I save about 30%. But we're dual-income, and his covers most of our living expenses.

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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.

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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!).

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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.

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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.

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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.

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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.

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