How much money are you able to save per month?

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Automatic thread bump. This poll is closing tomorrow.

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

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

System, Sunday, 10 July 2022 00:01 (one year 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 year 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 year 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 year 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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