how much do you save each month?

posted 3 years ago in Money
  • poll: how much do you save each month?
    Save? HAH! : (35 votes)
    16 %
    $100 - $500 : (66 votes)
    30 %
    $500 - $1,000 : (48 votes)
    22 %
    $1,000 - $2,000 : (37 votes)
    17 %
    $2,000 + : (37 votes)
    17 %
  • Post # 4
    1549 posts
    Bumble bee
    • Wedding: June 2013

    I’m really surprised people here save THAT much money each month! I feel poor now. Although in our defense we are purposely trying to pay down debt instead of saving.

    Post # 6
    820 posts
    Busy bee
    • Wedding: April 2013

    @amandasouthcarolina:  I think 8-900 is still good! When we buy the house we’re in contract with, we’ll only be putting away like $500. But we expect our incomes to keep growing relatively quickly. As of now, we’re doing about $1000 a month.

    Post # 7
    117 posts
    Blushing bee
    • Wedding: October 2014

    my mortage is 1900 a month, i pay 2000 a month in daycare, and then on top of that we have various bills and expenses, i automatically put $600 away every month (and then we both have 401ks and a college savings account for our son that gets deducted pretax)…. but in liquid cash we’re only putting away $600 a month, right now anything extra is going towards to wedding fund so hopefully after thats over we’ll be able to save more, hopefully i dont have to dip into savings for the wedding…. UGH

    Post # 8
    2419 posts
    Buzzing bee
    • Wedding: May 2013

    We don’t actually save anything on a regular basis like monthly. Although we’re in the relatively fortunate position of having more income than outgoings and very low outgoings. If we need something specific then we’ll put money aside for it. Other than that we just transfer any excess into a savings account on an ad-hoc basis.

    We are not, however, currently saving for either a wedding (had that in May!) or a house (about to pay our mortgage off). If we were then yes, we’d put a certain sum aside but the amount would depend on how sizeable the total cost of what we were saving for was.

    Post # 11
    1068 posts
    Bumble bee
    • Wedding: July 2014

    $500/month pp, which is just over 20% of my after-tax income.  Thankfully our incomes will rise quite a bit over the next 10 years, but right now we joke that it’s just saving for the sake of forming good habits, since we’re going to have $0 to our names after the first year of med school anyways.

    Post # 12
    2051 posts
    Buzzing bee
    • Wedding: June 2012 - Franklin Plaza

    Over $2k a month. We both work, no kids, DH has a great salary and we live way, way, way below our means. It will pay off soon though — we’re saving up for our forever home and once that’s all squared away we won’t need to save so aggressively.

    Post # 15
    1470 posts
    Bumble bee

    I just got off an insane, working like a crazy person saving schedule to save for a down payment on a condo and for me that was like $2200+ a month (2 jobs, 1 solely for saving). Now that I’m back to one job and paying down on my student loans, I’m lucky to put away $300-ish.

    Post # 16
    2694 posts
    Sugar bee

    I get paid every other week and DH gets paid on opposite weeks so we always have a paycheck coming in. Currently, we save $200 per week so around $800-1000 a month. Once we get our emergency fund up to $5k (almost there!), we’ll start putting half into our Vanguard account. No kids for at least 3 more years and we don’t own our home. The only debt we have is a 0% interest credit card balance which will be paid off before we start getting charged interest and DH’s car payment. We have no school loans, no mortgaged, etc otherwise.  

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