Anonymous
11/20/2023 12:30
Subject: How much do you make and save per year?
Anonymous wrote:Anonymous wrote:HHI roughly 790k this year, saved $253k this year.
Higher than normal.
rounded numbers YTD:
$100k Trust
$70k between our 401Ks (DH is self employed)
$14k 529
$25k Cash
$3.8k HSA
$40k Mortgage payment
Next year our income may be a lower so i am aiming for: 150k all in savings
Curious why you are counting Mortgage as saving?
I made a principal payment towards our mortgage. My loan is fixed for 30yrs but IO for the first 10 yrs so i wanted to make a principal payment which directly reduces my monthly mortgage payment in perpetuity (and immediately).
Anonymous
11/20/2023 12:29
Subject: How much do you make and save per year?
I make about $28 k/ year and i save pre-tax the legal limit: $19.5k/ year.
Anonymous
11/20/2023 12:28
Subject: How much do you make and save per year?
Of my $200k salary:
$22,500 to 401k
$34,000 to 529 plans.
The rest goes to taxes (joking) and we live on DH's larger salary, of which we save about 20%.
$22,500 to 401k
$34,000 to 529 plans.
The rest goes to taxes (joking) and we live on DH's larger salary, of which we save about 20%.
Anonymous
11/20/2023 12:21
Subject: How much do you make and save per year?
Anonymous wrote:I'm really impressed by some of these numbers. I have a feeling this thread is going to figure into my New Year's resolutions.
OP here. That was the idea
. I feel like we could save more.
Anonymous
11/20/2023 12:16
Subject: How much do you make and save per year?
Anonymous wrote:HHI roughly 790k this year, saved $253k this year.
Higher than normal.
rounded numbers YTD:
$100k Trust
$70k between our 401Ks (DH is self employed)
$14k 529
$25k Cash
$3.8k HSA
$40k Mortgage payment
Next year our income may be a lower so i am aiming for: 150k all in savings
Curious why you are counting Mortgage as saving?
Anonymous
11/20/2023 12:14
Subject: How much do you make and save per year?
99.9% of people just say what their gross HHI income is as everyone's net is so heavily influenced by other factors.
Anonymous
11/20/2023 12:14
Subject: How much do you make and save per year?
I'm really impressed by some of these numbers. I have a feeling this thread is going to figure into my New Year's resolutions.
Anonymous
11/20/2023 12:14
Subject: How much do you make and save per year?
Anonymous wrote:Are these pre or post tax numbers. It seems like everyone conflates the 2
I think most people use pre tax HHI numbers. It's more difficult to calculate what your net (less taxes but including 401k) is because most 401k contributions are pre tax and already come out of your paycheck.
Anonymous
11/20/2023 12:11
Subject: How much do you make and save per year?
Are these pre or post tax numbers. It seems like everyone conflates the 2
Anonymous
11/20/2023 12:04
Subject: Re:How much do you make and save per year?
$300,000 HHI
$123,400 annual savings.
$123,400 annual savings.
Anonymous
11/20/2023 11:38
Subject: Re:How much do you make and save per year?
Dual income $267k gross/$150k net. We contribute $45k to retirement and save about $45k of our take home pay, so overall about 1/3 of our gross income.
Anonymous
11/20/2023 11:23
Subject: Re:How much do you make and save per year?
Anonymous wrote:Single. Income around $180K. Save $140K per year, which is all my income after taxes. Lucky to get an annual gift from parents that covers all my living expenses so I save 100% of my income.
lol
Anonymous
11/20/2023 11:08
Subject: Re:How much do you make and save per year?
We make appx $300K a year and save appx 20% of that.
Anonymous
11/20/2023 11:07
Subject: Re:How much do you make and save per year?
Single. Income around $180K. Save $140K per year, which is all my income after taxes. Lucky to get an annual gift from parents that covers all my living expenses so I save 100% of my income.
Anonymous
11/20/2023 10:42
Subject: How much do you make and save per year?
HHI roughly 790k this year, saved $253k this year.
Higher than normal.
rounded numbers YTD:
$100k Trust
$70k between our 401Ks (DH is self employed)
$14k 529
$25k Cash
$3.8k HSA
$40k Mortgage payment
Next year our income may be a lower so i am aiming for: 150k all in savings
Higher than normal.
rounded numbers YTD:
$100k Trust
$70k between our 401Ks (DH is self employed)
$14k 529
$25k Cash
$3.8k HSA
$40k Mortgage payment
Next year our income may be a lower so i am aiming for: 150k all in savings