(Closed) How much do you save every month?

posted 6 years ago in Career
Post # 31
Member
47209 posts
Honey Beekeeper
  • Wedding: November 1999

leisha606:  Always remember that some people lie. It is also next to silly to say how much people save without knowing how much they earn and what the cost of living is where they reside. They are inexorably linked.

Post # 33
Member
10452 posts
Sugar Beekeeper
  • Wedding: February 2014

chica95110:  We’re both engineers working in the oil and gas industry. Our city houses the majority of the head offices for all the big companies in our country. The pay is a lot higher here compared to a similar job out east, and the cost of living isn’t too bad – middle of the road from what I’ve heard in other places nationally. 

Post # 34
Member
10452 posts
Sugar Beekeeper
  • Wedding: February 2014

Oops, I never answered the free time thing. We each get 6.5 weeks total vacation/flex days per year plus stats. Otherwise our work weeks are typical M-F office jobs. We leave the house at 7 and are home by 5. Neither of us are keen on staying late – in the work/life balance I HEAVILY prioritize life. Screw overtime! 

Post # 36
Member
9130 posts
Buzzing Beekeeper
  • Wedding: August 2013 - Rocky Mountains USA

We both put 15% of our pre-tax income into retirement funds.  We also managed this year, for the first time ever (in our early 30s), to max out both our IRAs – $11,000 which is about ~15% of our take-home income.  

Apart from that, we do manage to save additional money but it usually ends up getting used for something…. paying off credit card debt (check!), home improvement projects (ongoing), a new-to-us car (in the relatively near future), etc.  We haven’t both had full-time career jobs for very long, so hoping that once these various things are paid for, we can start saving more.  Ideally we want to live off one paycheck and put the other aside but we’ll see.

Post # 37
Member
4029 posts
Honey bee

chica95110:  Both Darling Husband and I work at a school in the US. We make a very comfortable salary and live well below our means. We currently save about $1,800 a month in regular savings and additional $1,000 a month in retirement 401ks combined. So, about $2,800 in total.

We also have lots of vacation/time off. I get about 60 days a year and he has about 85 days. So we are pretty content with our situation.

Post # 39
Member
2546 posts
Sugar bee
  • Wedding: July 2013

I’m a legal assistant and am only able to save $100-$200/month. I had been doing great, then my savings had to get used for some unforeseen wedding expenses last year, so I started saving again from zero, then it had to be used to payoff some closing items when we closed our business, so again I started from zero, then it had to be used for DH’s abcess/infection bills… I applaud you ladies for saving up so much but I feel like what i’m doing is an exercise in futility… One day I’d like to be able to save up to pay off some credit card or student loan debt, it just keeps getting used for other random unforeseen shit… =(

We have a decent amount of free time, and i’ve considered getting a second job bartending or waitressing but I value my weekends too much… 

Post # 40
Member
4426 posts
Honey bee
  • Wedding: December 2013

Well..it depends. Our goal is to save at least $800/month ($400 each). If possible, we would prefer to do $1,000 a month. We are tyring something new this month and I’m not loving it. I’m paying all of the bills (except my husband’s car payment, gas, and part of groceries) and he is putting most of his salary into savings. However, at this stage in our careers, it’s leaving us with very little “safety net” in our checking…something I don’t love. We’re re-evaluating for next month. We had built up a decent amount in about 3 months, but then used almost all for unforseen dental work my husband needed (he currently has no health insurance as his bosses are negotiating the best deal). We are going to build that baby up one way or another quickly!

  • This reply was modified 5 years, 7 months ago by  KatiePi.

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