(Closed) NWR: What percentage of your net income do you try to save?

posted 5 years ago in The Lounge
  • poll: What percentage of your net income do you save?
    0% - savings?! I wish! : (3 votes)
    12 %
    1-5% : (0 votes)
    6-10% : (3 votes)
    12 %
    11-15% : (3 votes)
    12 %
    16-20% : (2 votes)
    8 %
    21-25% : (3 votes)
    12 %
    26-30% : (3 votes)
    12 %
    31-40% : (2 votes)
    8 %
    41-50% : (5 votes)
    19 %
  • Post # 3
    Member
    2674 posts
    Sugar bee
    • Wedding: July 2012 - Catholic Church

    I try to save anything we don’t need for the necessities (food, bills, meds, etc) because we’re saving to pay off student debt, buy a car (we live in the city now and use public transit), and a house. I voted in the 41-50% category.

    Post # 4
    Member
    5011 posts
    Bee Keeper
    • Wedding: April 2012

    I save about 25% of my income but may have to cut that a bit as Darling Husband will be earning a lot less this year.

    Post # 5
    Member
    76 posts
    Worker bee
    • Wedding: May 2015

    My boyfriend and I have combined our finances and we try to save about 40% of our  but net income. Obviously over Christmas and stuff we had more expenses and didn’t save as much but we generally try to save around $800-900 a week…

     

    We are hoping to buy a house in the next 6 months so are saving for a deposit.

    Post # 6
    Member
    10367 posts
    Sugar Beekeeper
    • Wedding: September 2010

    we save about 55% monthly

    Post # 7
    Member
    3771 posts
    Honey bee
    • Wedding: August 2013 - Brookfield Zoo

    My checks get direct deposited, so with every paycheck, 40% automatically goes into my savings account.  Occasionally for big things I use my savings account, but for the most part, the rest goes into checking which is the only source of income I use.  Oh, and my 401K contribution is something around 8 or 10%, so that technically counts too I think?  It helps that the area we live in has a lower cost of living and our rent is dirt cheap, so when we move to the city next year I’m not sure I’ll be able to maintain 40% saving…

    The topic ‘NWR: What percentage of your net income do you try to save?’ is closed to new replies.

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