(Closed) Money Numbers on Today Show

posted 7 years ago in Money
Post # 3
Member
3295 posts
Sugar bee
  • Wedding: May 2011

ha! my cc bills are way more than 5 percent!

Post # 4
Member
3374 posts
Sugar bee
  • Wedding: October 2011

umm my cc bills are higher than that too, but I’m right on target with my mortgage and retirement savings.

Post # 5
Member
3374 posts
Sugar bee
  • Wedding: October 2011

My credit card bills are more like 20%? I mean I pay for groceries, car insurance, everything with my credit cards. How can it be 5%?

Post # 7
Member
3461 posts
Sugar bee
  • Wedding: May 2012

Interesting.  I remember when I got my first apartment, my parents said a good rule of thumb was pay no more than 25/30% I think to rent, and it could go up to maybe 35/40%? if I had no car, which I didn’t.  Good thing I did better than that, because my good paying job fell through (darn graduating in 2001 recession) not once, but twice (darn graduating in 2007 recession).

Post # 8
Member
2142 posts
Buzzing bee
  • Wedding: July 2011

We’re over on retirement (18%), under on rent (20%), under on carry over CC (0) but we’re paying 20% on student loans.

We want to be in a better position when we’re our parents’ age than they are now

Post # 9
Member
100 posts
Blushing bee

@lefeymw: I am above on the savings, below on rent, but above on credit card… even tho i could pay more of my credit card and put less in savings… i love paying myself twice a month lol

Post # 11
Member
5009 posts
Bee Keeper
  • Wedding: April 2012

Currently 30% of my income goes to savings. I have a work pension to scheme which I pay around 3.5% of my income to and they top up with the equivalent of 14%.

Our mortgage is 20% and taxes is another 5%.

CC bills are less than 4% but utility bills are around 10%.

That’s all based on post-tax take home pay rather than pre-tax (other than the pension). I stopped looking at my pre-tax income years ago as there’s not much point missing what I don’t have.

Post # 12
Member
100 posts
Blushing bee

@lefeymw: Thanks for the info! The carry over cost on my card is 0% interest. I’m good with savings and budgeting… but since I moved into a bigger apartment I had to buy some new furniture (bedroom, bed, etc) and I’m just finishing paying those off! I need to stop buying clothes hahahaha.

Post # 13
Hostess
18637 posts
Honey Beekeeper
  • Wedding: June 2009

We save almost 30% of our gross income for retirement savings and trying to save another 20% in regular savings.

We are looking at a mortgage of about 20% or less.

I’m glad to see other ladies with higher savings percentages, our generation really can’t be too careful with the uncertainty over social security and life expectancies.

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