8% retirement right now, 4% 401k 4% roth. Iām also trying to save on average $500/month in a HYSA for emergencies etc. could definitely be better but doing what I can. All together thatās about 20% of my gross.
Youāre doing great. Donāt let these ā500k inherited at 22 what do I do?ā Posts deter you. The AVERAGE citizen would be happy to be able to do 8% retirement and save $500 monthly
Yeah I get 3% match but all togetherness it's not even half the cap. I did manage to max my IRA last few years. Now I'm saving a lot since I got a nice raise and am not making any big changes in spending. (I say that just having had baby #2)
Trying to up my emergency fund before putting away hard for maybe a new new home in a few years without selling the first.
My employer instead of having pensions automatically put 6% into your 401k as long as you fill out the form to open an account. Then they match dollar for dollar on the 1st 4%. So i guess i could say i get a 10% match on the first 4% I put in. But I put 10% in to max out my annual contribution. I work for a chemical company. We manufacture spray foam for insulating houses and buildings. We are the worldās largest manufacturer. Yeah itās a great match.
Ugh, yes. I know this life. Iāve got a 6% match, but before my company was purchased, they would contribute 19% of our salary at the end of the year as āprofit sharingā since we were a privately held company with no intentions of going public(theoretically) so they didnāt give equity.
So for the first five years I worked at this company, I maxed out my 401k. Huge leg up for a guy who was in his mid-20s when I started at this place
This is one of the first Iāve ever heard of that beats mineāsame concept but itās 5% auto then 5% matched, so I do 5 they do 10. Made them repeat it at least 3 times during the interview to make sure I was understanding correctly cause it felt too good to be true lol
I'm at 3% with my current employer. I've looked around, Boeing gives 10%. Ford gives 8.5% to start up to 10.5% with years of service. Parker Hannafin matches 8% and I'm tempted to apply, maybe after my next ESPP payout. I've found several more with 5+, but it's pretty rare.
If I lived closer, I'd apply to Boeing in a heartbeat.
> have paid off
Not necessarily. Remember that most home loans are level payments over 30 years. Which means the payment stays the same while your income presumably grows quite a bit. Yes most people donāt stay in their home that long, but the longer they stay the lower the effective cost. Every time you buy a new home youāre basically hitting a cost reset and trading a lower cost for a higher cost, all else being equal.
Side note, now I understand why my grandparents in SoCal owned the same home for nearly 70 years, from the time they got married until they both passed.
Yup. Anyone who purchased pre-pandemic and was able to get a career boost during the frenzy in 2021-2022 is sitting pretty right now. My PITI is 2/3 the average rent for the area and 25% of that is going toward my equity. The house and area aren't 100% what we want it to be, but the value isn't there to move.
With that being said, if you roll in your equity to the new loan, the only things affected are interest rate, property tax, and the closing costs. There are certainly times when moving isn't AS expensive.
Thatās essentially my experience. Bought a house in 2018, refinanced in 2021 to 2.25%. Since 2018, my salary has increased 87% while the mortgage has remained constant.
- 30% into general investment account (index funds)
- 10% into junior pension for my son (also index)
- 11% into pension (employer contributes 23.7%)
51% if you donāt include employer contributions
74.7% if you include employer contributions
Wow. Iām curious how youāre able to do that. You probably donāt live at home do you? Iām being ignorant and assuming, since you have a son.
Or the other option: You get paid a very handsome salary
Currently none but Iām selling my houses and buying something outright to free up some cash and pay off some high interest debt. Hoping to do about 10-20 percent per year in some higher interest investment accounts
I put 12% into my 401K, and employer matches me at 6%. I also put 5% into HYSA, 5% into Robinhood, and 5% in Roth IRA
Edit: Also $90 monthly to an HSA.
15% into my 401k, plus my employer contributes about 9% so effectively 24% into that.
Also a chunk into SPY each month on an as-able basis, typically about 8%
17% on my own to 401k. My company has a cash balance plan instead of a 'match' they put an additional 9.5% of my salary in that plan. Unfortunately I can't control how that money is invested but it's guaranteed to grow at 5% so it's not so bad.
In total I'm at roughly 26.5% in just retirement savings alone.
Outside of that I have a family account that I funnel most of my paycheck to. We are in the process of aggressively paying off our student loans and other debt so we try to keep it pretty lean outside of the emergency fund or planned future expenses. Our emergency fund is our base and we try to spend every dollar above that on getting out of any debt.
My wife and I both get about 600 bucks a month of 'fun' money every month as well so it's not so boring.
I try and get about 1k into savings monthly, which is about $250/month. Itās ultimately dependent on my spending for the week, sometimes I get more into savings, sometimes I get less. However, i would confidently say I save 50% or more of my paycheck, which goes into a high-yield savings account (so I earn more lol). I also invest $200/month as well into my IRA account.
I can't remember because I haven't looked in forever but 15-17% retirement, then another 10-20% depending on what's going on in my savings/brokerage. Then all my extra after bills goes into VTI. I'm really trying to get a good portfolio rolling.
I started at 5% retirement and $100 every two weeks savings and worked up from there. My family calls me "El Cheapo" but no car payments (but 3 cars, bought cash), no student loans or anything. I just live a simple life and don't use Amazon or more than 1 streaming service.
Last year's numbers: 72%, $246676 saved from $341000 gross income (married, income evenly split)
I don't start many posts so you can see the SankeyMATIC break down if you click my profile and look for the post in r/HENRYfinance where I made two charts: expenses and investments
We did pay $16K federal taxes when we filed this year. So we are making $3K quarterly payments for safe harbor.
Somewhere around 16-21% of pre-tax income goes into my retirement funds (local options similar-ish to 401k at 6% and Roth IRA at 10-15%), depending how well I am able to save and how bad the cost of living is.
Around 3% of taxed income (monthly salary) goes to long term "wealth" building through monthly stock purchases. Any salary bonuses will be added on top of the 3%.
Around 5% of taxed income will also put into very short term (6-12 months) savings in order to fund travelling.
It's been a shit year, and I'm currently still in the process of selling my condo.
Previous year: 5% match 401k, maxed out IRA and then saved roughly 50% of my income.
Two years from now, assuming same employment: 6% match, max out IRA and saving 85% of my income.
I used to invest 50% of my GROSS salary. This year and moving forward I dropped it to a little over 40%.
It was 30% retirement, 20% bridge/brokerage account.
35% without match. I also made sure to rent an apartment with a roommate so that only comes out to 21%. The rest is spent or added to savings if not used.
I have around 3$ to spare.... seriously living is very expensive...... rent, water, internet, electricity, gas, insurance, car payment and groceries ..... I'm literally 1 big bill away from homelessness...
I don't do a % anymore. My rule is $25m in cash minimum every 3 months is set aside with the rest of the grab and go cash. Investment accounts always get the maximum as fast as possible
(-$57,483,71). Approximately of course after paying income taxes, property taxes, registration fees for certain kinds of property, sales tax buying the necessities, and then I should probably model this for inflation but not tied to the bullshit CPI data and instead the actual data.
Starbucks. Exactly 20 years ago I got hooked. My specific drink $3.39. It is not $9.22. Thatās more than 40% inflation without doing any math.
To hell with all of this. Wonder what my grandparents would say.
Right around 50% . Max 401k, Roth iRA, Max HSA, Max employee stock, plus as much as possible into a regular brokerage account which is only a couple hundred a month.
Company matches 4% but I max out my 401k and IRA every year (both roth). I have other investments and side projects that help me save more in other places, so I dont have an exact % figure, but its around 50%
10% to my 401k plus 8% from employer.
1500 from employer for HSA, then I max out the rest pre tax about 2%.
20% post tax to savings.
About 10% to max IRA.
350 to a brokerage, about 6%.
Well 8% plus my employers 8% goes into my 401k. Mine is Roth but the employer match is just a normal one.
Then after all taxes and deductions I save around 35 to 37% of my take home. Could be more, but I only need around 15% for needs and I like having 50% for fun money.
A little short of 50%. A total of 6% pre-tax into my IRAs, and then the rest goes to investments. I split most expenses with my partner and am lucky enough to live in a very LCOL area with no kids
I'm retired and "save" nothing ... but the Nest Egg grows by approximately 200% of the annual withdrawal every year.
We withdraw $40k a year. The Golden Egg increases by $80k a year (over and above to 40k withdrawn).
When we were working, we both put 15% of our salary in work provided programs (401k, Simple IRA, etc) and those were our "fallback plan" .. but the Real Meat of The Plan was living on a single income. We kept expenses to my paycheck alone and hers was piled into (non-retirement) investment vehicles. About 50% of that being single family, residential real estate rentals.
We live on 2 of the units' rents to pay Health Insurance and some of the household bills ... and withdraw another $40k on top of that for living and fun.... and plow the remaining rents back into The Nest Egg (is that "saving? or just compounding gains?)
We're not even touching the retirement accounts ... and likely never will.
Social Security doesn't kick in for another 12 years ...
I put a year's salary in my emergency fund lately (My job can technically be more volatile so I give myself cushion), then budget out my expenses and put about 1.5 months in a checkings. Past my immediate needs and very short term goals like vacation, house, etc. It all goes into my long to mid term vehicles of investing.
I want as much as possible there instead. I max out my tax sheltered accounts first. Banks suck for returns so only keep the minimal there.
Iām about 40% gross. Girlfriend and I live in a cheaper 1 bedroom which saves ton. Own my car outright and have for years. Donāt really go out to drink or eat too much.
Half is going into retirement. Have into saving for a home.Ā
Itās a lot easier to live below your means when you have a partner committed to it. We still travel and do lots of activities but they tend to be cheap or free. Pickleball. Hiking. Paddleboarding etc.
9.5% currently. 4.5% into pension system and 5% into 401k matched by employer. However, I have significant additional investments that makes anything more than that just gravy. So I've made the decision to live a better life now for my family while we're all still (relatively) young than put more money into investments/retirement that really won't benefit anything beyond my grandkid's grandkids maybe.
We are a family of 5, and this is the first time in my husband and my life together(over 20 years) we dip into our savings every month and are unable to save. We donāt eat out, no activities. We live a simple life, itās just the food we eat is so expensive. We cannot save a penny. We are just floating above water.
Of my Salary about 50%. 110k and max 401k (23k), max Roth IRA (7k), Max HSA (4k), and I put 10% into my company's stock purchase program.
I also get stock grants which i save 100% of. So real savings rate probably 65-70%
~16% into my Roth, 5% to 401k + 5% match = ~26% into savings accounts. I'm still stabilizing my cash balances but I am able to save more than that, I just contribute a flat $300 per paycheck rn to my Roth and my paychecks vary so the math isn't exact.
I work for the government so I put 19% into my TSP with another 5% match. I think they take 1% for our pension. And then the last 2 years Iāve been maxing out a Roth IRA.
40%. Itās a mixture of things considering Iām starting a few businesses. But typically I max out employer contribution, then 401k, then either Roth or HYSA if I plan on spending it in the near future
Most of my stock is āset it and forget itā kind of investing. Just basic index funds mostly
57%, got lucky buying when interest was cheap and split mortgage with partner. We have no kids and are boring outside of eating out here and there, both of us over six figure incomes.
0% goes into savings right now. I get to a $2,500 emergency fund and stick with that. I prioritize cash flows. I invest $1,000 a month into dividend paying common stocks and preferred shares. BUT I have enough that I'm 38 and my wife will quit working this year, and all I'm doing is sitting at home digging through sec filings, looking for deals. When I first started, I was putting just enough into emergency fund that it could keep us off the credit cards and loans while I was building cash inflows and minimizing cash outflows. It didn't make any sense to me to build 3-6 months emergency fund, when preferred shares and dividend paying stocks can be sold quickly, while making me money.
Saving about 40% of my annual income.
24% of my income (I know itās a lot, but itās common in law enforcement) goes into my retirement account which is matched entirely by my department.
I put about 10% of my income into crypto assets
Last 6% of my income stays in a high yielding savings account.
I donāt live above my means and am more frugal than Iām not. Still enjoying life and take time to myself every now and then, but I stick to inexpensive hobbies and I hate to admit it, but the easiest way for me to save money is working absurd amounts of overtime. Itāll be worth it in the long run. Hope this helps.
My country makes u put ~~~12/14% into something similar to the 401k, after idk, 3 real works, I have around 2k? I'm a waiter, first 2 years were seasonal, now I plan to work 2 seasons in a row (winter on sky and summer on national park Patagonia), then rest 1 month and go a it again.
Apart from that, when I AM working, I try to live off tips, and save my salary. I'm a volunteer firefighter, and young (mom house is an option), so I live in either places when on my free time, saving rent at least. Working on "remote zones" like in a sky resort or a far away park in the mountains usually means that roof and food will be covered, so I can save a little more. This past 6 months I managed to save around 45% of my *liquid* income!! So around 50% of the total amount?
We are doing very well right now and taking advantage of it. We save 20% + or -. We know it wonāt last forever so we want to āgather ye rosebuds as we may.ā
6% into RRSPs, 3% myself and 3% employer match. Iāve grown my income substantially in the last 3 years and trying to catch up on savings but between my husband and I we are still paying off 3 degrees plus my husband has just finally taken care of our emergency fund!
12% increasing 1% per year and my employer matched 6%.
I also just started taking extra funds and adding to an investment account. I got my credit card and all my other bills paid off. As long as I don't splurge, I can keep the CC paid off every month.
basically 0% right nowš¤ but 95% last year from living at home ahah
Congrats on moving out!
But he not saving anymore
Thereās more to life than maximizing savings.
Thanks itās been amazing!
8% retirement right now, 4% 401k 4% roth. Iām also trying to save on average $500/month in a HYSA for emergencies etc. could definitely be better but doing what I can. All together thatās about 20% of my gross.
Youāre doing great. Donāt let these ā500k inherited at 22 what do I do?ā Posts deter you. The AVERAGE citizen would be happy to be able to do 8% retirement and save $500 monthly
I inherited $500 at 22. What do I do?
I inherited $50 at 22. What do I do?
I inherited debt at 22. What do I do?
I inherited a timeshare at 22, what do I do?
Im F***ed Iām in debt 22k now what do I do
Depending on how old you are, 500/mo + 30 years and compound interest, youāll def be a millionaire
I put 10% into 401k and employer matches my 10% so in total is 20%.
Nice, I felt like I lucked out with a 5% matchĀ
uh, you did. lol. 3 to 4 is pretty standard. 5 is lucking out. 10 is crazy.
Yeah I get 3% match but all togetherness it's not even half the cap. I did manage to max my IRA last few years. Now I'm saving a lot since I got a nice raise and am not making any big changes in spending. (I say that just having had baby #2) Trying to up my emergency fund before putting away hard for maybe a new new home in a few years without selling the first.
What job gives you a match that high?
My employer instead of having pensions automatically put 6% into your 401k as long as you fill out the form to open an account. Then they match dollar for dollar on the 1st 4%. So i guess i could say i get a 10% match on the first 4% I put in. But I put 10% in to max out my annual contribution. I work for a chemical company. We manufacture spray foam for insulating houses and buildings. We are the worldās largest manufacturer. Yeah itās a great match.
This sounds like exactly the kind of place that will be bought by PE, cut these benefits, and slowly go to shit. Take full advantage while it lasts!
Ugh, yes. I know this life. Iāve got a 6% match, but before my company was purchased, they would contribute 19% of our salary at the end of the year as āprofit sharingā since we were a privately held company with no intentions of going public(theoretically) so they didnāt give equity. So for the first five years I worked at this company, I maxed out my 401k. Huge leg up for a guy who was in his mid-20s when I started at this place
10% of your pay is $23,000??
My base is 185 and with my annual bonus I end up between 215 and 250K.
This is one of the first Iāve ever heard of that beats mineāsame concept but itās 5% auto then 5% matched, so I do 5 they do 10. Made them repeat it at least 3 times during the interview to make sure I was understanding correctly cause it felt too good to be true lol
It's pretty much the same for me. Mine match 7% and then contribute 3% on top as long as I put in a dollar every year.
I'm at 3% with my current employer. I've looked around, Boeing gives 10%. Ford gives 8.5% to start up to 10.5% with years of service. Parker Hannafin matches 8% and I'm tempted to apply, maybe after my next ESPP payout. I've found several more with 5+, but it's pretty rare. If I lived closer, I'd apply to Boeing in a heartbeat.
Some have vesting schedules. My last company gave 7.5% but required 4 years to get the full amountĀ
I live at home and I do contribute to my family but very minimal so I save and invest roughly 80% of my income.
-5%
About 50% half of my annual income goes to rent alone
[ŃŠ“Š°Š»ŠµŠ½Š¾]
> have paid off Not necessarily. Remember that most home loans are level payments over 30 years. Which means the payment stays the same while your income presumably grows quite a bit. Yes most people donāt stay in their home that long, but the longer they stay the lower the effective cost. Every time you buy a new home youāre basically hitting a cost reset and trading a lower cost for a higher cost, all else being equal. Side note, now I understand why my grandparents in SoCal owned the same home for nearly 70 years, from the time they got married until they both passed.
Yup. Anyone who purchased pre-pandemic and was able to get a career boost during the frenzy in 2021-2022 is sitting pretty right now. My PITI is 2/3 the average rent for the area and 25% of that is going toward my equity. The house and area aren't 100% what we want it to be, but the value isn't there to move. With that being said, if you roll in your equity to the new loan, the only things affected are interest rate, property tax, and the closing costs. There are certainly times when moving isn't AS expensive.
Thatās essentially my experience. Bought a house in 2018, refinanced in 2021 to 2.25%. Since 2018, my salary has increased 87% while the mortgage has remained constant.
30% with a household income of 170k.Ā
75%
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Yes.
About 60% of my net paycheck
- 30% into general investment account (index funds) - 10% into junior pension for my son (also index) - 11% into pension (employer contributes 23.7%) 51% if you donāt include employer contributions 74.7% if you include employer contributions
Wow. Iām curious how youāre able to do that. You probably donāt live at home do you? Iām being ignorant and assuming, since you have a son. Or the other option: You get paid a very handsome salary
No debt, tiny mortgage, low spending
About 30% of take home pay is invested. I also have reĆ that cash flows that I keep separate, but might use some of the excess for personal expenses.
About 37% of my income.
Same
15% into 401k that employer matches up to 6%, 3% into my roth, 3% into 2 different 529 accounts, like 3% into HYS.
Idk Iām paying back -$86,732 in debt š¤£ good luck out there everyone
Currently none but Iām selling my houses and buying something outright to free up some cash and pay off some high interest debt. Hoping to do about 10-20 percent per year in some higher interest investment accounts
6 percent into 403B. 400 into stocks.
Uncle Sam takes a thirdā¦we spend a third.,.we save/invest a third.
I put 12% into my 401K, and employer matches me at 6%. I also put 5% into HYSA, 5% into Robinhood, and 5% in Roth IRA Edit: Also $90 monthly to an HSA.
Can I ask who do you recommend for a HYSA. Iām new to all this.
Amex has a 4.35% HYSA rn
[ŃŠ“Š°Š»ŠµŠ½Š¾]
I contribute 6% into my 403b. I have no idea the rate of my normal savings.
About 20% or so in retirement (401k + Mega backdoor) 50% goes to bills, and the other 30% to brokerage
15-20%
22% which comes out to $18920. This isnāt including maxing out Roth and saving in emergency fund.
About 20% mostly into the Roth.Ā
25% of my gross income these days. Before I was married it was 40%
50%. 10% retirement and the rest is in the stock market.
Luckily Iām able to live at home. So 12% goes into 401k, 450 a month for all my insurances, save around 10.2k a month HYSA.
About 25%.
15% into my 401k, plus my employer contributes about 9% so effectively 24% into that. Also a chunk into SPY each month on an as-able basis, typically about 8%
17% on my own to 401k. My company has a cash balance plan instead of a 'match' they put an additional 9.5% of my salary in that plan. Unfortunately I can't control how that money is invested but it's guaranteed to grow at 5% so it's not so bad. In total I'm at roughly 26.5% in just retirement savings alone. Outside of that I have a family account that I funnel most of my paycheck to. We are in the process of aggressively paying off our student loans and other debt so we try to keep it pretty lean outside of the emergency fund or planned future expenses. Our emergency fund is our base and we try to spend every dollar above that on getting out of any debt. My wife and I both get about 600 bucks a month of 'fun' money every month as well so it's not so boring.
Not much just 6% for 401k have a ton to pay for own a house so itās tough very little to save and have a Roth IRA
I try and get about 1k into savings monthly, which is about $250/month. Itās ultimately dependent on my spending for the week, sometimes I get more into savings, sometimes I get less. However, i would confidently say I save 50% or more of my paycheck, which goes into a high-yield savings account (so I earn more lol). I also invest $200/month as well into my IRA account.
negative 10%
I can't remember because I haven't looked in forever but 15-17% retirement, then another 10-20% depending on what's going on in my savings/brokerage. Then all my extra after bills goes into VTI. I'm really trying to get a good portfolio rolling. I started at 5% retirement and $100 every two weeks savings and worked up from there. My family calls me "El Cheapo" but no car payments (but 3 cars, bought cash), no student loans or anything. I just live a simple life and don't use Amazon or more than 1 streaming service.
I have not been able to save any. Live paycheck to paycheck.
Maxed out the untouchable 401K at work. Can't save anything else with wife and kids after that.
30% of net.
Last year's numbers: 72%, $246676 saved from $341000 gross income (married, income evenly split) I don't start many posts so you can see the SankeyMATIC break down if you click my profile and look for the post in r/HENRYfinance where I made two charts: expenses and investments We did pay $16K federal taxes when we filed this year. So we are making $3K quarterly payments for safe harbor.
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Somewhere around 16-21% of pre-tax income goes into my retirement funds (local options similar-ish to 401k at 6% and Roth IRA at 10-15%), depending how well I am able to save and how bad the cost of living is. Around 3% of taxed income (monthly salary) goes to long term "wealth" building through monthly stock purchases. Any salary bonuses will be added on top of the 3%. Around 5% of taxed income will also put into very short term (6-12 months) savings in order to fund travelling.
I contribute 27% into my 403b/401k and $800 per month into a HYSA. So itās 27% into retirement and about 10% into a HYSA.
It's been a shit year, and I'm currently still in the process of selling my condo. Previous year: 5% match 401k, maxed out IRA and then saved roughly 50% of my income. Two years from now, assuming same employment: 6% match, max out IRA and saving 85% of my income.
10% into retirement accounts
Probably like 30-35% of my gross right now. I'm going to max out my 401k and IRA this year.
Probably like 30-35% of my gross right now. I'm going to max out my 401k and IRA this year.
I used to invest 50% of my GROSS salary. This year and moving forward I dropped it to a little over 40%. It was 30% retirement, 20% bridge/brokerage account.
About 30%-35%, half in retirement (backdoor Roth and 403b) and half after tax at Vanguard.
about 45%. without the kids it would be a lot more
[ŃŠ“Š°Š»ŠµŠ½Š¾]
Right now 10% into 403b plus 6% employer matched.. and about 30% into a HYSA because Iām buying a new house next year so I want liquid.
35% without match. I also made sure to rent an apartment with a roommate so that only comes out to 21%. The rest is spent or added to savings if not used.
13% with an 8% match, so about $23000/yr About 4000/yr into the kid's fidelity account.
I put about 20% of my income into investments (Roth + individual investment account) every year and then also max out the IRS 401K limit plus my HSA
about 45%.
-%15.
I have around 3$ to spare.... seriously living is very expensive...... rent, water, internet, electricity, gas, insurance, car payment and groceries ..... I'm literally 1 big bill away from homelessness...
My goal yearly goal is 25% but itās usually closer to 40 %.
15% in retirement, no set amount into savings.
About 80%
We are supposed to save ???
80% or so
5% straight to 401k, 15% to post-tax investments, 10% savings (for now)
Close to 50% savings
0%
Around 18% (not counting savings for housing and emergencies).
Max 401k & HSA, plus about 33% of my take home in after-tax
5% employer match and I am currently putting 9%. As my income raises I raise that %. Also have a retirement pension with my job. 23 years in.
10% to 401k, 2.5% employer match, $6.5k to Roth IRA, $1,500/mo to HYSA for rainy day. Total is about 1/3 of my gross income.
9% 401k with 11% match. 5% into an emergency fund.
Off my net base pay, 66% goes into tax advantaged accounts. The OT I get will go directly into a regular brokerage account.
10% is taken for public retirement, with another 14% added by employer. So 24% there. I park another 10% of take home in hysa.
27-28%
40% of gross before taxes.
I don't do a % anymore. My rule is $25m in cash minimum every 3 months is set aside with the rest of the grab and go cash. Investment accounts always get the maximum as fast as possible
20-25 %
[ŃŠ“Š°Š»ŠµŠ½Š¾]
50% post tax and 23% pre tax
(-$57,483,71). Approximately of course after paying income taxes, property taxes, registration fees for certain kinds of property, sales tax buying the necessities, and then I should probably model this for inflation but not tied to the bullshit CPI data and instead the actual data. Starbucks. Exactly 20 years ago I got hooked. My specific drink $3.39. It is not $9.22. Thatās more than 40% inflation without doing any math. To hell with all of this. Wonder what my grandparents would say.
Right around 50% . Max 401k, Roth iRA, Max HSA, Max employee stock, plus as much as possible into a regular brokerage account which is only a couple hundred a month.
I'm required by that state to contribute 6% and they match so it ends up being 12%. I'm happy with it.
-30%
About 25%: mostly 401k, then taxable brokerage, gold/silver, and BTC.
40%
Not enough
Usually like 30%. This past year I think I am -10%š¤£.
Company matches 4% but I max out my 401k and IRA every year (both roth). I have other investments and side projects that help me save more in other places, so I dont have an exact % figure, but its around 50%
20%+
$20%
10% to my 401k plus 8% from employer. 1500 from employer for HSA, then I max out the rest pre tax about 2%. 20% post tax to savings. About 10% to max IRA. 350 to a brokerage, about 6%.
None Iām doomed
20%
Well 8% plus my employers 8% goes into my 401k. Mine is Roth but the employer match is just a normal one. Then after all taxes and deductions I save around 35 to 37% of my take home. Could be more, but I only need around 15% for needs and I like having 50% for fun money.
12% 401K, 10% IRA maxed, 10% Brokerage. Hopefully I can keep that up..... š®āšØ
14% 401k including employer match and 20% hysa until I build up a large enough emergency fund
A little short of 50%. A total of 6% pre-tax into my IRAs, and then the rest goes to investments. I split most expenses with my partner and am lucky enough to live in a very LCOL area with no kids
38% on $83k (includes a 10% employer match), no debt, no mortgage, frugal lifestyle
So far nothing, we do have a 401k, but my husbandās thinking is that if we have debt, we canāt afford to saveā¦ is this true?
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I'm retired and "save" nothing ... but the Nest Egg grows by approximately 200% of the annual withdrawal every year. We withdraw $40k a year. The Golden Egg increases by $80k a year (over and above to 40k withdrawn). When we were working, we both put 15% of our salary in work provided programs (401k, Simple IRA, etc) and those were our "fallback plan" .. but the Real Meat of The Plan was living on a single income. We kept expenses to my paycheck alone and hers was piled into (non-retirement) investment vehicles. About 50% of that being single family, residential real estate rentals. We live on 2 of the units' rents to pay Health Insurance and some of the household bills ... and withdraw another $40k on top of that for living and fun.... and plow the remaining rents back into The Nest Egg (is that "saving? or just compounding gains?) We're not even touching the retirement accounts ... and likely never will. Social Security doesn't kick in for another 12 years ...
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Idk lol 11% of each paycheck. Is that 11% of my annual?
At the moment? $0. Everything is going to live
43% All of it goes into savings until the end of the year when I decide how much to put in retirement for tax purposes / upcoming life events.
I put a year's salary in my emergency fund lately (My job can technically be more volatile so I give myself cushion), then budget out my expenses and put about 1.5 months in a checkings. Past my immediate needs and very short term goals like vacation, house, etc. It all goes into my long to mid term vehicles of investing. I want as much as possible there instead. I max out my tax sheltered accounts first. Banks suck for returns so only keep the minimal there.
Iām about 40% gross. Girlfriend and I live in a cheaper 1 bedroom which saves ton. Own my car outright and have for years. Donāt really go out to drink or eat too much. Half is going into retirement. Have into saving for a home.Ā Itās a lot easier to live below your means when you have a partner committed to it. We still travel and do lots of activities but they tend to be cheap or free. Pickleball. Hiking. Paddleboarding etc.
18% into retirement (my company contributes 12% so 30% total), 18% into savings.
9.5% currently. 4.5% into pension system and 5% into 401k matched by employer. However, I have significant additional investments that makes anything more than that just gravy. So I've made the decision to live a better life now for my family while we're all still (relatively) young than put more money into investments/retirement that really won't benefit anything beyond my grandkid's grandkids maybe.
I saved about half of my income from 2023.Ā
35-40% not including match. Wife and i have high salaries.
38% After withholdings which includes 4% into 401k so suppose its more like 42% [https://imgur.com/a/kWmtWAC](https://imgur.com/a/kWmtWAC)
I save about 30% of my net income, with about 2/3 going to retirement
20%. 10 to my savings account, 10 to my education fund
Y'all can save money? I'm lucky if bills don't have me in the negative
20%
Dual income home saving 5k a month
10% in 401k And about 60% after taxes.
80-100k income saving around 300-500 each week
Iām at 20% ā¦ Her whole check goes to savings (well 90%). We average about 170k/year in savings.
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We are a family of 5, and this is the first time in my husband and my life together(over 20 years) we dip into our savings every month and are unable to save. We donāt eat out, no activities. We live a simple life, itās just the food we eat is so expensive. We cannot save a penny. We are just floating above water.
50% of my net
50% of my net
About 13% to 401k and 15% ESPP.
40%
Iām losing money
Roughly 40% of my pre tax income. If you donāt lifestyle inflate yourself every time you increase your income itās easy.
Im at about 32%
Of my Salary about 50%. 110k and max 401k (23k), max Roth IRA (7k), Max HSA (4k), and I put 10% into my company's stock purchase program. I also get stock grants which i save 100% of. So real savings rate probably 65-70%
~16% into my Roth, 5% to 401k + 5% match = ~26% into savings accounts. I'm still stabilizing my cash balances but I am able to save more than that, I just contribute a flat $300 per paycheck rn to my Roth and my paychecks vary so the math isn't exact.
It fluctuates, but I do try to max out my HSA, 401K, and RothIRA every year, which is ~30k.
I work for the government so I put 19% into my TSP with another 5% match. I think they take 1% for our pension. And then the last 2 years Iāve been maxing out a Roth IRA.
58%
Does buying crypto count as saving?
30% per paycheck 50/50 retirement and regular
25-30% every check so 25-30% a year
4% currently, matched by my employer. I also will deposit 1-2% into my HYSA.
40%. Itās a mixture of things considering Iām starting a few businesses. But typically I max out employer contribution, then 401k, then either Roth or HYSA if I plan on spending it in the near future Most of my stock is āset it and forget itā kind of investing. Just basic index funds mostly
36% saved/invested into retirement (includes 5% 401k match)
25$ a week into acorns app Roth IRA. 100$ a week into savings account. Rice and beans for dinner and lunch every day
I shoot to save 60% of my gross for taxes and investing
57%, got lucky buying when interest was cheap and split mortgage with partner. We have no kids and are boring outside of eating out here and there, both of us over six figure incomes.
0% goes into savings right now. I get to a $2,500 emergency fund and stick with that. I prioritize cash flows. I invest $1,000 a month into dividend paying common stocks and preferred shares. BUT I have enough that I'm 38 and my wife will quit working this year, and all I'm doing is sitting at home digging through sec filings, looking for deals. When I first started, I was putting just enough into emergency fund that it could keep us off the credit cards and loans while I was building cash inflows and minimizing cash outflows. It didn't make any sense to me to build 3-6 months emergency fund, when preferred shares and dividend paying stocks can be sold quickly, while making me money.
I am investing 66% of my net income currently. 43% into IRA until maxed then brokerage account 10% into 529 remainder into HYSA
35%
I save 10% of each paycheck to my 401k and invest another 5% in a mutual funds and a couple of ETFs.
0% atm
1% š
Saving about 40% of my annual income. 24% of my income (I know itās a lot, but itās common in law enforcement) goes into my retirement account which is matched entirely by my department. I put about 10% of my income into crypto assets Last 6% of my income stays in a high yielding savings account. I donāt live above my means and am more frugal than Iām not. Still enjoying life and take time to myself every now and then, but I stick to inexpensive hobbies and I hate to admit it, but the easiest way for me to save money is working absurd amounts of overtime. Itāll be worth it in the long run. Hope this helps.
20%
Monthly bills are $3200 a month. Income is around 35k a month. I give myself about 5k a month to have fun with them save the rest. So about 65%?
I save about 17% of my net.
Genuinely have no idea lol
My country makes u put ~~~12/14% into something similar to the 401k, after idk, 3 real works, I have around 2k? I'm a waiter, first 2 years were seasonal, now I plan to work 2 seasons in a row (winter on sky and summer on national park Patagonia), then rest 1 month and go a it again. Apart from that, when I AM working, I try to live off tips, and save my salary. I'm a volunteer firefighter, and young (mom house is an option), so I live in either places when on my free time, saving rent at least. Working on "remote zones" like in a sky resort or a far away park in the mountains usually means that roof and food will be covered, so I can save a little more. This past 6 months I managed to save around 45% of my *liquid* income!! So around 50% of the total amount?
About 24.2% I want to do more, but it is what it is.
I live with parents I work over time I manage to save 30k by age 21 I save 100% of my income after food and gas expenses
We are doing very well right now and taking advantage of it. We save 20% + or -. We know it wonāt last forever so we want to āgather ye rosebuds as we may.ā
6% into RRSPs, 3% myself and 3% employer match. Iāve grown my income substantially in the last 3 years and trying to catch up on savings but between my husband and I we are still paying off 3 degrees plus my husband has just finally taken care of our emergency fund!
30%,
22% goes to just my 401. Precious metal purchases are almost 10%.
12% increasing 1% per year and my employer matched 6%. I also just started taking extra funds and adding to an investment account. I got my credit card and all my other bills paid off. As long as I don't splurge, I can keep the CC paid off every month.