D-Hustle Posted May 7, 2016 Report Share Posted May 7, 2016 now that i'm getting bigger checks I can start saving some money. Quote Link to comment Share on other sites More sharing options...
BarryRunSome Posted May 7, 2016 Report Share Posted May 7, 2016 I save $10.00 per week in a credit union account It's about 3% of my take home pay Quote Link to comment Share on other sites More sharing options...
BGS 9.5 Posted May 8, 2016 Report Share Posted May 8, 2016 You aren't getting checks, just knock it off you scratcher scratching fukk Quote Link to comment Share on other sites More sharing options...
Dingo Posted May 8, 2016 Report Share Posted May 8, 2016 Decide what you are saving for (house in Maine)and then save accordinglysaving for the sake of sake is hardyou need a goal Quote Link to comment Share on other sites More sharing options...
joeybagadonuts Posted May 8, 2016 Report Share Posted May 8, 2016 I can't save money period. Thank god for a 401k that I put 10% per check into or I'd effectively save 0% Quote Link to comment Share on other sites More sharing options...
Sol Aristatel Posted May 8, 2016 Report Share Posted May 8, 2016 6% gets taken out and half of that gets matched for the 401k. After that, about 75% of my checks go into savings. If I'm disciplined. Quote Link to comment Share on other sites More sharing options...
Guest boatboatboat Posted May 8, 2016 Report Share Posted May 8, 2016 I bet if you look dibs its a 403b dibs Quote Link to comment Share on other sites More sharing options...
Sol Aristatel Posted May 8, 2016 Report Share Posted May 8, 2016 I bet if you look dibs its a 403b dibs Nope. 401k. I work at a charter school. Different animal. Its a legit 401k. Quote Link to comment Share on other sites More sharing options...
Joe Blow Posted May 8, 2016 Report Share Posted May 8, 2016 If possible try to save 10% of your take home pay. Quote Link to comment Share on other sites More sharing options...
Guest boatboatboat Posted May 8, 2016 Report Share Posted May 8, 2016 Ah didnt know was a charter school Quote Link to comment Share on other sites More sharing options...
joeybagadonuts Posted May 8, 2016 Report Share Posted May 8, 2016 6% gets taken out and half of that gets matched for the 401k. After that, about 75% of my checks go into savings. If I'm disciplined. Only bc your wife pays the bills. My expenses are around around 30% of my net. (Food, gas, ultlities, mortgage, insurance) So in theory I should be able to save a big chunk, but that seems to never happen. Quote Link to comment Share on other sites More sharing options...
Sol Aristatel Posted May 8, 2016 Report Share Posted May 8, 2016 Only bc your wife pays the bills. Or I pay the bills and she saves 2/5 of her checks. However you wanna call it. Quote Link to comment Share on other sites More sharing options...
Sol Aristatel Posted May 8, 2016 Report Share Posted May 8, 2016 So in theory I should be able to save a big chunk, but that seems to never happen. As the governor of California once said... You lack discipline. Quote Link to comment Share on other sites More sharing options...
milwaukee mike Posted May 8, 2016 Report Share Posted May 8, 2016 there are savers in the world and there are spenders... neither is right or wrong i'm more of a saver but hopefully will be retired at 45, so there was a point to it, rather than just being a cheapskate Quote Link to comment Share on other sites More sharing options...
joeybagadonuts Posted May 8, 2016 Report Share Posted May 8, 2016 there are savers in the world and there are spenders... neither is right or wrongi'm more of a saver but hopefully will be retired at 45, so there was a point to it, rather than just being a cheapskateProps to you , milky. Had I not been a moron, could have retired mid -40s as well. Now it's looking like 65+ Fml Quote Link to comment Share on other sites More sharing options...
Deemer Posted May 8, 2016 Report Share Posted May 8, 2016 20% Roth IRA Quote Link to comment Share on other sites More sharing options...
Sol Aristatel Posted May 8, 2016 Report Share Posted May 8, 2016 20% Roth IRA What does 20% of working 15 hours per week at the local YMCA get you? Quote Link to comment Share on other sites More sharing options...
milwaukee mike Posted May 8, 2016 Report Share Posted May 8, 2016 roth iras are stupid for most people take the deduction NOW Quote Link to comment Share on other sites More sharing options...
BarryRunSome Posted May 8, 2016 Report Share Posted May 8, 2016 roth iras are stupid for most people take the deduction NOWMike what's your email? I want to ask you something off the forum Quote Link to comment Share on other sites More sharing options...
jd_ Posted May 8, 2016 Report Share Posted May 8, 2016 I put into 401k weekly, but savings outside that are tough for me right now. Bad decisions over the years with credit cards and loans on top of medical bills and medication for my wife and all that mess, plus daily living and travel keeps me stretched pretty tight week to week. Finishing my degree soon in hopes of better pay/position down the road. Hope to start saving more soon. I'm not good with money. Quote Link to comment Share on other sites More sharing options...
WVU Posted May 8, 2016 Report Share Posted May 8, 2016 There are many ways to save. For us 10% goes into 401k and 403b. For much of The past few years about another 10% invested into precious metals and another 10% into land acquisitions. Diversification is key. I still won't be able to retire for maybe 15 years. Putting 2 kids through college, even with free tuition, is expensive Quote Link to comment Share on other sites More sharing options...
bookbraker Posted May 8, 2016 Report Share Posted May 8, 2016 roth iras are stupid for most people take the deduction NOWmy traditional ira has a max of 5k per year that can be added. Any other suggestions Mike? Quote Link to comment Share on other sites More sharing options...
Chickadee Posted May 8, 2016 Report Share Posted May 8, 2016 need balancei used to be save a very large portion of incomebut a couple of years ago my well off uncle commended me because he did the sameexcept he has a fat wife and his life sucks and he's now old and will never changeso now i spend a lot more money to improve quality of lifeeventually all those preparations will have to be used by either the saver while they still can or if not their heirsthat fact seems to be lost on most i have encounteredlife is short! Quote Link to comment Share on other sites More sharing options...
Teddy kgb Posted May 8, 2016 Report Share Posted May 8, 2016 Props to you , milky. Had I not been a moron, could have retired mid -40s as well. Now it's looking like 65+ FmlKinda in the same boat...... Bought house and joined Union in the same month at the age of 29 and figured 25yr mortgage and 25yr pension I'm set, retire at 55..... Fvcked it all up and now house will never be paid and I will be working until I'm 70+ Before Brick comes in here and reminds me of my moms money keep in mind she had me when she was 17 and both her parents are still alive and well in the their 90's so she ain't going anywhere... Quote Link to comment Share on other sites More sharing options...
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