How much money are you able to save per month?

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Maybe not the best moment to ask this, as probably everyone is struggling right now, but I'm still interested.

Poll Results

OptionVotes
Nothing 15
20-30% 8
10-15% 6
30-50% 4
15-20% 3
More 2
I don't believe in saving 2
5-10% 1
1-5% 1
Other 0


groovemaaan, Thursday, 30 June 2022 16:58 (one month ago) link

(percentage of your monthly income)

groovemaaan, Thursday, 30 June 2022 17:01 (one month ago) link

We talking net or gross?

Ned Raggett, Thursday, 30 June 2022 17:05 (one month ago) link

nothing, am losing money every month, very little left, have credit card debts too, not sure what to do now tbh. you did ask.

Sudden Birdnet Thus (Camaraderie at Arms Length), Thursday, 30 June 2022 17:06 (one month ago) link

currently zero but tbf i'm (as gradually as possible) paying off debts i shdn't have run up in the first place. and it was fun running them up and je ne regrette etc

bury my heart in wounded kieth (Noodle Vague), Thursday, 30 June 2022 17:06 (one month ago) link

zero and fully expect to have to do some sort of work until I die

o shit the sheriff (NickB), Thursday, 30 June 2022 17:08 (one month ago) link

and i don't know if i really "believe" in saving but for anybody who lives towards the sharp end of their respective country's economy having a little airbag in the bank would save a lot of tears and expense sometimes

bury my heart in wounded kieth (Noodle Vague), Thursday, 30 June 2022 17:08 (one month ago) link

We talking net or gross?

― Ned Raggett,

My net is gross.

Malevolent Arugula (Alfred, Lord Sotosyn), Thursday, 30 June 2022 17:10 (one month ago) link

j/k

I put away about 15%. I'm single and childless, though, and I don't expect a change.

Malevolent Arugula (Alfred, Lord Sotosyn), Thursday, 30 June 2022 17:12 (one month ago) link

good point too, I'm paying towards my daughter's living expenses at least until she's thru college so that's money i could probably otherwise waste on rum and cigs save up

bury my heart in wounded kieth (Noodle Vague), Thursday, 30 June 2022 17:14 (one month ago) link

You could just name your daughter Rum and Cigs and then that way both goals are achieved.

Ned Raggett, Thursday, 30 June 2022 17:19 (one month ago) link

Actually, heh, after the math it's more accurate to write 5-10%

Malevolent Arugula (Alfred, Lord Sotosyn), Thursday, 30 June 2022 17:19 (one month ago) link

xp look Ned i argued at the time but that boat has sailed

bury my heart in wounded kieth (Noodle Vague), Thursday, 30 June 2022 17:21 (one month ago) link

on a sea of Bass

Malevolent Arugula (Alfred, Lord Sotosyn), Thursday, 30 June 2022 17:23 (one month ago) link

i've gone from 0 (really negative) to maybe 5-10% after taking on two weekly side gigs djing in addition to my full-time job. the last two months of extra is going for badly needed car maintenance. i love djing but the additional load is pretty exhausting, feel like i'm sleepwalking through it all. really nice to not feel on the brink for a change tho.

the cat needs to start paying for its own cbd (map), Thursday, 30 June 2022 17:23 (one month ago) link

lol i'm actually not saving anything right now though it's all going to credit card debt i've had for years

the cat needs to start paying for its own cbd (map), Thursday, 30 June 2022 17:25 (one month ago) link

Don't really know — my income fluctuates month to month, never mind year to year, but I'm definitely "in profit"; I pay the whole credit card bill every month and seem to have a higher bank balance at the end of the month than the beginning more often than not. But I'm not "saving" in any real sense, because I fully expect it all to disappear at some point, either because of some unanticipated catastrophe or just throwing it down a hole in pursuit of some quixotic art project.

but also fuck you (unperson), Thursday, 30 June 2022 17:28 (one month ago) link

No credit card debt atm is a huge plus.

Malevolent Arugula (Alfred, Lord Sotosyn), Thursday, 30 June 2022 17:31 (one month ago) link

Pre-tax - 17.5% goes to 401Ks, another 1.5% to dependent care account and healthcare flexible spending account

Post-tax - it really varies, but usually 10% to 20% split across a few investment accounts and a 529.

Jeff, Thursday, 30 June 2022 17:44 (one month ago) link

oh I didn't count mutual funds

Malevolent Arugula (Alfred, Lord Sotosyn), Thursday, 30 June 2022 17:45 (one month ago) link

I have our emergency fund, but I don't regularly add to it unless we have to use it for some reason. It just sits in a "high" yield savings account.

Jeff, Thursday, 30 June 2022 17:47 (one month ago) link

No credit card debt atm is a huge plus.

Yeah, I manage to get to that place every few years and then Something Bad Happens and it falls apart until I'm $10-15K in the hole again.

but also fuck you (unperson), Thursday, 30 June 2022 17:50 (one month ago) link

I've barely been out of my overdraft for more than a few weeks in the last decade. But I don't get too stressed about it anymore. Had some quite big wins on my bookie account recently but it all had to go on new furniture to replace what my son had broken and I'm back in that unstable -1800 into a 2 grand overdraft zone. Should have a better safety buffer than that in case the fridge or the washing machine conk out, but my credit rating is decent enough to get some shit deal from Currys. The temp control button in my fridge was flashing some fault code the other day and I was despairing for a few hours and then it stopped and I praised the Lord for bailing me out again.

calzino, Thursday, 30 June 2022 17:53 (one month ago) link

Zero, but I don't really care that much? Aside from my grandmother who had Alzheimer's, everyone in my family has worked until they dropped dead so it seems normal - and Alzheimer's grandma was still working at Wal-Mart until it was untenable.

Given my medical history and that of my family I don't think I've got a realistic shot of living past 'retirement age' anyway.

papal hotwife (milo z), Thursday, 30 June 2022 18:34 (one month ago) link

nothing but i work in an industry that chronically underpays ppl and live in a city where the cost of living continues to skyrocket so y’know i’m not blaming myself for it

flamenco drop (BradNelson), Thursday, 30 June 2022 19:24 (one month ago) link

Maybe 15% or sometimes more. And over the last year, I’ve been regularly investing part of it in a low cost tracker fund (Vanguard) - which is down 15-25%.

I’m hoping I live long enough to see my investments come good.

Luna Schlosser, Friday, 1 July 2022 06:34 (one month ago) link

The temp control button in my fridge was flashing some fault code the other day and I was despairing for a few hours and then it stopped and I praised the Lord for bailing me out again.

― calzino, Thursday, June 30, 2022 1:53 PM (yesterday) bookmarkflaglink

My refrigerator stopped worked forever ago but it's all good, the freezer is a refrigerator now. Maybe I ought use the fridge side as a bookshelf or something.

The 25 Best Songs Ever Ranked In Order (Deflatormouse), Friday, 1 July 2022 06:50 (one month ago) link

The only issue really is when I buy popsicles I have to eat all of them.

The 25 Best Songs Ever Ranked In Order (Deflatormouse), Friday, 1 July 2022 06:51 (one month ago) link

My fridge is broken as well: the freezer section is unusable with a broken handle and the seal started to come off very quickly. Bit if I replaced the fridge, I really ought to replace the kitchen flooring, and before I do that it might be better to replace the whole kitchen which is over 30 years old and knackered.

By such reflections I end up doing nothing - and thereby saving money, at least for the time being.
^

Luna Schlosser, Friday, 1 July 2022 11:58 (one month ago) link

Automatic thread bump. This poll is closing tomorrow.

System, Saturday, 9 July 2022 00:01 (one month ago) link

20-25 percent--if I live as long as my mother's mother I'm going to need all that and more.

Infanta Terrible (j.lu), Saturday, 9 July 2022 01:35 (one month ago) link

Automatic thread bump. This poll's results are now in.

System, Sunday, 10 July 2022 00:01 (one month ago) link

Oh huh, I missed this thread. Not saving anything at the moment -- my day job evaporated a few months ago but with no CC debt, no car payment and as of last year no house payment, I decided to coast a while on just bar income. Breaking even, more or less. I'll probably start job hunting before the end of the year.

WmC, Sunday, 10 July 2022 00:49 (one month ago) link

I missed it too. I had been saving the maximum to get a full 401k match with previous employer (7% to get a 3% match) and negligible amounts in a savings account while focusing on gradually paying down a huge amount of credit card debt. Then, I was eligible for an early retirement package from previous employer and didn't think twice - 6 months of salary to leave? Sure!!

I took about 3 weeks off, knowing I wasn't ready to stop working. Did 18 months of consulting work, got all my cc debt paid off, paid off the car, bought a place to live for cash and saved....nothing really. Still had a substantial cushion though, which - I've never in my life had. Took a hard look at the consulting and the industry and suddenly a job posting somewhere I never thought would need a person like me opened up. Took a 75% pay cut and a 3000% stress cut.

I should be saving more than I am, I'm sure. A financial consultant would have palpitations. I cashed out 2 previous 401ks so only have ~9 years worth of that 10% stored up. But I'm saving around 15% and I'm comfortable with it. Will probably retire for real in 5 years when I hit 67. We'll see.

Jaq, Sunday, 10 July 2022 01:37 (one month ago) link

About 10-15% of my salary, 8% with 8% employer match into my pension. However, we’ve just completed on a house and have a 4 month old kid so the nest egg has taken a royal thrashing this year.

Agnes, Agatha, Germaine and Jack (Willl), Sunday, 10 July 2022 21:21 (one month ago) link

3 years ago, $500-$1000 a month.

Now, nothing to negative.

My salary hasn't changed. Life has.

Thank God I had a lot shocked away in 2020

My current retirement plan is "drop dead at 60"


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