nabwong
Headphoneus Supremus
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Savings = Assets
How much money do you save per month?
- Thread starter JahJahBinks
- Start date
royhubbs
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Um minimal amounts.. Basiclly money that would be going into savings sgoing towards my car payment. Instead of paying the minimum im paying $400-$500 more per month on it. So I can own it in less than 18 months.
Heheh.
Some months I save thousands of dollars.
Others? I lose thousands.
So, it equals a slow savings over the year. But mortgages are killing that slowly. Argh.
-Ed
Some months I save thousands of dollars.
Others? I lose thousands.
So, it equals a slow savings over the year. But mortgages are killing that slowly. Argh.
-Ed
Quote:
Head-Fi = Liability
Head-fi, the best wallet hoover.
-Ed
| Originally Posted by nabwong Savings = Assets
|
Head-Fi = Liability
Head-fi, the best wallet hoover.
-Ed
XxATOLxX
Headphoneus Supremus
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I'm a negative income kind of guy.
Mr.PD
Lives to Take It Outside.
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I'm not good at putting money aside.
I put $200 a month into a savings account via automatic deduction and between 500 and 700 per month into a NON-Matching 401k. My employer is too cheap to do any 401k matching.
I am also saving up all my nickels
I put $200 a month into a savings account via automatic deduction and between 500 and 700 per month into a NON-Matching 401k. My employer is too cheap to do any 401k matching.
I am also saving up all my nickels
dariusf
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The US is currently running an average negative savings rate. We spend like there is no tomorrow just like our government. This will have serous implications but as long as the credit is rolling we think its all rosy
I wonder what the people with negative savings think they will do when they have to retire or unexpected expanses or job loss or similar happens?
dariusf
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Quote:
Now that is one smart guy
I admire you sir!
I try to stay at 50% of my NET income but currently with the new build house related expanses I'm closer to maybe ~25% I also keep some of the money in the ING Orange Savings and put in 5% in to a company matching 401k. I was going to look in to I bonds and TIPS but I'm starting to look in to Mutual Funds. Specifically ING ones like the ING DIRECT International Growth http://finance.yahoo.com/q?s=IDIOX. Two of my good friends do lots of Forex trading which I will definitely go in to once I clear it by my compliance officer at work (I work for a rating agency Fitch so we are regulated by the feds when it comes to trading). So far I been 'dumping' most of the savings in to the house which I know is not very smart but I like to be mortgage free in a near future.
| Originally Posted by Welly Wu About 47.7% of my annual gross income. I have an automatic system that deposits 20% of my gross monthly/annual income into an ING Direct Orange Savings MMA and 10% into a Fidelity 401k (with 4% B&N company matching). My other assets consist of a certificate of deposit, US Treasury EE and I Bonds, and cash. |
Now that is one smart guy
I try to stay at 50% of my NET income but currently with the new build house related expanses I'm closer to maybe ~25% I also keep some of the money in the ING Orange Savings and put in 5% in to a company matching 401k. I was going to look in to I bonds and TIPS but I'm starting to look in to Mutual Funds. Specifically ING ones like the ING DIRECT International Growth http://finance.yahoo.com/q?s=IDIOX. Two of my good friends do lots of Forex trading which I will definitely go in to once I clear it by my compliance officer at work (I work for a rating agency Fitch so we are regulated by the feds when it comes to trading). So far I been 'dumping' most of the savings in to the house which I know is not very smart but I like to be mortgage free in a near future.
Rob N
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Some months I save, some months I spend more than I earn in the month
Old Pa
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Quote:
You, sir, are a candidate for reloading. I see a nice blue Dillon press in your future. BTW, if you already have one, then you, sir, are an object of envy.
Back on topic: If you have debt, then you do not have "savings".
| Originally Posted by marvin In order, my three biggest monthly expenses are: housing, pistol ammunition, food. |
You, sir, are a candidate for reloading. I see a nice blue Dillon press in your future. BTW, if you already have one, then you, sir, are an object of envy.
Back on topic: If you have debt, then you do not have "savings".
Genetic
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Quote:
Exactly. When you're young the main investment is yourself....(LOL....I'm not talking about buying audio gears...
)
Amicalement
| Originally Posted by saint.panda I don't really see the point of saving money when I'm still a student. |
Exactly. When you're young the main investment is yourself....(LOL....I'm not talking about buying audio gears...
Amicalement
KYTGuy
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A friend of mine found a Square Deal B Dillon press in a Pawn shop, and gave it to me - that %&**!! has cost me thousands, but I shoot good!!
In 26 years of work for the same union, I managed to accrue a retirement fund now nearly $2 mil. That amounts to a rate of savings nearly 40%. Now, I want to have more years retired than working.
Only 23 years to go till I pass that goal!
In 26 years of work for the same union, I managed to accrue a retirement fund now nearly $2 mil. That amounts to a rate of savings nearly 40%. Now, I want to have more years retired than working.
Only 23 years to go till I pass that goal!
GanChan
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Currently about 400 a month in the savings account. But I may have to dip into it by December, if I decide to ditch my current job and end up with unemployed downtime....Hopefully there will be a definite new job all lined up to transition directly into.
felixkrull6
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Roughly $2100 a month not including company 401k matches and any money I put into a 401K I only count at 75% of the actual value to account for future taxes when I withdraw it.
bpm2000
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Man I need to save more... why did that winter storm have to dump 20" on the mountains already yesterday?
I only put away $100 a month into a emigrantdirect savings account, and am still researching which company to go with for my retirement (I get to choose between Fidelity, ING, and TIAA-CREF, so confused...)
I only put away $100 a month into a emigrantdirect savings account, and am still researching which company to go with for my retirement (I get to choose between Fidelity, ING, and TIAA-CREF, so confused...)
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