What is your savings/investment break down?

[Anonymous]

In one of the responses to my "Single Guy Budget Review" thread a poster said I should be investing at least 50% of my take home pay. I know people who make heaps more than me can save 50%-90% and maybe even more and not feel it.

My proposed budget had me saving/investing 30% of my $10k take home. I think I'll be able to get it to at least 35%.

What percentage of your income are you saving/investing? And if you don't mind, what is your income?

[Anonymous]

Rule of thumb is 10% is a good number. 20% is great. Saving 30%+ is exceptional frankly. Now given that you make $10K a month net and have no kids, no wife and nothing but 18 gallons of ky jelly and a loro piana sweater to worry about, I'd push for more than 30%.

You wont find great comparisons here though - people here have kids - and kids are the sexual equivalent of fisting when it comes to finances.

Now in my case, our take home is about $16K a month and we save about 5K a month or about 30%. That said, I live in a big house with a yard and I have kids, and school, and a nanny. Without my adorable money suckers, I'd save at least $4,500 more on top of the $5K - the nanny costs us $3,800 a month, food, etc easily adds another $700 or $1,000.

So, to recap:

1) You save enough
2) You could save more
3) You have no kids
4) Therefore you are what we call "happy" and "free"
5) We save 31% on 16K, but would save 50% to 60% without.

[Anonymous]

We gross $446,000

With employer contributions included, we save about $120,000

[Anonymous]

Anonymous wrote:Rule of thumb is 10% is a good number. 20% is great. Saving 30%+ is exceptional frankly. Now given that you make $10K a month net and have no kids, no wife and nothing but 18 gallons of ky jelly and a loro piana sweater to worry about, I'd push for more than 30%.

You wont find great comparisons here though - people here have kids - and kids are the sexual equivalent of fisting when it comes to finances.

Now in my case, our take home is about $16K a month and we save about 5K a month or about 30%. That said, I live in a big house with a yard and I have kids, and school, and a nanny. Without my adorable money suckers, I'd save at least $4,500 more on top of the $5K - the nanny costs us $3,800 a month, food, etc easily adds another $700 or $1,000.

So, to recap:

1) You save enough
2) You could save more
3) You have no kids
4) Therefore you are what we call "happy" and "free"
5) We save 31% on 16K, but would save 50% to 60% without.

there are so many hilarious gems in this post

Thanks!

[Anonymous]

we net around 11k. invest $6500/mo (including maxing out both 401ks) and save $500-800/mo in cash.