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How much do you save? invest? monthly, annually

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How much do you save? invest? monthly, annually
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Save money, hah.
 
Paco said:
Impressive
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Took a while to get like that. While I'm only 30 I used to be a pretty big consumer. Would spend to spend I guess. Now I only buy things I know I will use and get the best use out of. I also don't need to have the latest and greatest of anything.

I still travel and go out a lot, don't get me wrong. I just watch what I spend. Having a mortgage helps watch your spend a lot too.

Also my retirement account is funded at 10% by work, I don't include that in my savings.

You should see my spreadsheets and apps though, I track everything pretty well.
 
I save up around $300 (AUD) a month plus get around $90+ interest a month on top of that (based on my inheritance). It can reach $5000 a year.
 
I save £350 a month with a plan for it to cover my mortgage deposit in a few years time. Should be able to up it to around £450/500 in May.

Wish I still lived with parents as then I could save over £1000 instead :(
 
I generally try to save AUD2000 a month, though I haven't kept to that very well in the past half year or so. Trying to be more disciplined about that.
 
I'm accelerating my mortgage payment. I'm shaving down my 15 year mortgage to around 7. My mortgage interest is more than what I would earn with compound interest if I invested it based off of the current economy. I set aside money into my emergency account. I invest what my company will match. That part is easy. Immediately it's a 100% return.

Right now barring any sort of emergency medical procedures, I would be perfectly ok being out of a job for about 3 years while I still have a mortgage.
 
At the end of every year, I dump all but about a thousand bucks from my bank account into mutual funds and whatever stock my broker tells me to stick money in and about $2500 into an IRA.

It's probably not the best savings plan, but I figure that once I actually start making real money I can actually start paying attention to it.
 
100% of my salary goes to the joint account with my partner. I get scraps.

Technically I have the freedom to buy anything I want but I need a valid reason and to run it by her first. She's the accountant who loves hoarding money, but it helps that I'm not a big spender. I just have too many videogames.
 
Together with my wife we save around 5000 to 6000 euros a year. No debts, but no property either. We were on the verge on investing in a holiday appartement, but it seems that won't go trough
 
I try to save/invest at least 25% of my salary (after taxes), over 40% if possible. Depends on my other expenses that month. Some months are just more expensive than others (student loan payments every three months, etc).
 
Right now not much but I only started work last month and my second pay check is next week. Once my wife also starts work in January we will be saving 60% of our combined income. 15% goes to rent, food and bills and 35% will be for us to do with whatever we please.

Once we've saved for a few months we will be looking at buying houses to rent out.

Edit: we are both 22 and aiming to be retired by 35 at the latest.
 
Monthly investment

I can save like this because live with my parent and work with my family's company.
No rent/mortgage, living expense and commute.

Saving (low risk investment) around 50% of wage
- local bond
- monthly deposit
- high interest rate saving account
- money market fund

Investment around 30% wage
- normal mutual funds
- REIT

Tax saving investment around 10% wage
- Provident fund (do not include 2.5% from the company)
- Long term mutual funds(at least 5 years investment)
- Retirement mutual funds(invest every year, can not cash out until 55 years old)

The good is there is no capital gain tax in my country.
The bad is our local stock market rely much on foreigner fun flow. The stock market currently on downward spiral because our economy is shit so foreigner investor pull investment back to safe haven and also to waiting for FED rise interest rate.
 
Around 1500 CHF a month, a third goes into retirement savings, the rest into investment. Percentage wise, I used to save even more, but now I rent a tiny apartment and enjoy living alone.
 
All of the extra after bills and rent. Not many extra indulgences, I would say. I guess it ends up being around 30 to 40% a month but goes way higher if I pick up any side video work.
 
Since me and the wife got out of debt earlier this year and the fact i got a higher paying job we have increased our savings by quit so we try to save £1k a month which we have managed to do most months (except when we went on holiday etc.).

Should have £12k at the end of the month so we are going to go to the bank and see what options they have with regards to mortgages. Cant wait to own our own place, not having to deal with shitty landlords, get away from current neighbours, being able to decorate how we want is going to be amazing.
 
~17% paying down my mortgage
~3% student loans
~5% investments (there's no employer matching in my country apart from what is automatically pulled from my paycheck)
~10% into emergency reserves

I could and should up all of this, but I do enjoy spending money. *Shrug*
 
If there is something I want, then I will save up for it.
Otherwise I just live pay cheque to pay cheque.
I have no interest in paying back my student loan.
I don't really care about saving money or debt to be honest.
 
14% of my income goes into a pension pot
Circa 30% goes on monthly living (food, heating, rates etc)
The rest goes on modernising my property
Which you could argue is 'saving' as it will improve the equity in my house

ClosingADoor said:
How do you imagine this going? That debt isn't going away.

I set myself for at least 25% next year. Should be plenty doable.
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If it's the UK - you can quite happily ignore it unless you earn a higher wage
 
ClosingADoor said:
How do you imagine this going? That debt isn't going away.

I set myself for at least 25% next year. Should be plenty doable.
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I haven't had to pay it because I am low income.
Either way, I don't ever plan on owning a house or anything so I don't really care that much.
 
Yaboosh said:
My wife maxes out her 401k and we started maxing out my Roth. I know dickall about investing though so most of that is being squandered in crappy mutual funds or something. We have a very poor handle on what our money is up to.
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Alcoremortis said:
At the end of every year, I dump all but about a thousand bucks from my bank account into mutual funds and whatever stock my broker tells me to stick money in and about $2500 into an IRA.

It's probably not the best savings plan, but I figure that once I actually start making real money I can actually start paying attention to it.
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You guys might want to research this stuff a little bit, especially if you're just starting out with investing. Mutual Funds are not guaranteed and you can potentially end up losing a portion of your principal. Mutual Funds generally also include mandatory fee disbursements, even if you lose money. Always remember that your investment banker or broker is selling you a product, and often times they will push the product that will earn themselves or the institution the most amount of money. Don't be afraid to ask exactly how the money is being used, and have them explain any costs or fees involved.

Also, even though there isn't as much financial potential, you can never go wrong with some quick and dirty GICs (this includes Market Growth if you want to gamble a little on your return value).
 
I contribute a good amount of money to my 401k each paycheck.

I blew almost all of my savings last year when I bought my condo, so I need to start putting together a rainy day fund again.

But meh. I like spending my money too. I have friends who pinch pennies and they're no fun to hang out with.
 
I save over quarter of my take home pay each month. started working full time after college a year ago or so. I don't invest, because, well frankly I don't know what the best way to go about it is. Which is humourous because I work in funds.
 
I am 26 and i can save roughly 300-400 EUR from every salary, at the moment i have 800 stashed in my second account. All the money goes to car upgrades :D, saving up for a Quaife diff at the moment.
 
YOLO

I don't have trust in the future (economically) so might as well enjoy things today, if I'm wrong then I don't have to worry about debt anyway since I'll be able to pay it off.
 
Your friends are buying these things because they know that buying expensive things will make you richer. We know this because rich people are concerned with quality and enjoying the finer things in life. So if you follow this, then you can become rich, too.

But more seriously my husband (he's working on a doctoral degree) and I are both students so we heavily rely on student loans to get us through and nt really able to save yet. Something I do though is I pay my bills in advance. So say I get a refund..the first thing I do is pay my internet, electricity, and other bills four months in advance so that I can rest assured that all my essentials are paid up front and don't have to worry about this every single month.

I'm hoping to get a part time job soon, so I can save some while finishing my studies.
 
knkng said:
You guys might want to research this stuff a little bit, especially if you're just starting out with investing. Mutual Funds are not guaranteed and you can potentially end up losing a portion of your principal. Mutual Funds generally also include mandatory fee disbursements, even if you lose money. Always remember that your investment banker or broker is selling you a product, and often times they will push the product that will earn themselves or the institution the most amount of money. Don't be afraid to ask exactly how the money is being used, and have them explain any costs or fees involved.

Also, even though there isn't as much financial potential, you can never go wrong with some quick and dirty GICs (this includes Market Growth if you want to gamble a little on your return value).
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When I start having enough money for it to make a difference, I'll probably start looking more carefully. For now, I'm basically just putting it in the same funds my parents have used for the last twenty years or so, so they're pretty safe.
 
$50 a week. And if I just bought something, I'll round off whatever is in my bank account by throwing a few bucks into a savings account. I think there's an app that does that automatically.
 
Flying by the seat of my pants here. But with the house, car and everything in the house I want under my belt, my bank balance should see some serious growth in the next 12 months.
 
I'll save between 400 and 500€ per month from april 2016, now it's around 200 but I will be debt free in three month, which I think is nice for a 23 yo dude who started to work a year ago.
The big plus in France is the retirement money that's automatically taken before you get paid.
But I wish I knew how to invest here, I've zero notion in this field, if someone has advice to give I'll be glad :)
 
speedpop said:
100% of my salary goes to the joint account with my partner. I get scraps.

Technically I have the freedom to buy anything I want but I need a valid reason and to run it by her first. She's the accountant who loves hoarding money, but it helps that I'm not a big spender. I just have too many videogames.
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What the hell?????

---

OT: I save about 50% of my paycheck. It's not much, but I try to reduce my expenses as much as I can.
 
ssolitare said:
Does anyone here on a sub 27k income save anything?

Right now I save $20 a month.
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I used to be, years ago when I just got off college. I saved about $50 a month. Fuck man, those were rough times. I remember I had to literally clean the apartment to find lost change so that I could have enough money to "treat" myself to fast food.
 
Kimaxe said:
But I wish I knew how to invest here, I've zero notion in this field, if someone has advice to give I'll be glad :)
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Your bank probably has some investment funds you can put money towards. These are mostly managed and take a small percentage as service fee. You should be able to find the options on their website - and that of other banks. If you have a bit to invest, just call up your bank and they should be happy to make an appointment and explain their different accounts and such to you.

For active investments or if you want to pick out your own funds, you need to set up a trader account at a broker. Either your own bank or another company. You put money in the account and then buy into stocks or funds.
 
Nipo said:
Tips I wish I knew saving in my 20s. Savings in order should go:

1) get six months cash reserves first. Use mint excel or some other tracker to figure out what you spend a month then save six times that.
2) hit your company match on your 401k.
3) max out a Roth IRA if your income allows it. Vanguard is a great place with good funds and low fees.
4) max out your 401k.
5) if you are at this point you already saved over 16k a year. Next open a brokerage account. Invest in etfs or if you are lazy a target date fund. Don't buy individual stocks unless you like to gamble.
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Solid post.
 
I save $1000 a month. It cost me $900 to live on bare necessities so I like to make sure I can save for 1 month of living expenses each month. The rest I put in my fun account.
 
I save most of what I make, but I mean it's not like I cheap out on stuff. I just don't want or need a lot of things. My rent is cheap and I own my car.

I haven't even considered investing because I'm still in the mindset to assume the worst. I had 20k in the bank a couple years ago and burned through all of it during a long stretch of unemployment + being forced to move. Then I got a job where the cheques started bouncing a few months later. I'm much more stable now with a lot of savings but I still think of money in terms of 'okay, if I was laid off tomorrow, I could survive for X months'.

I haven't started seriously paying down my student loan because there isn't much reason to yet. Next year my goal is to get rid of about a third of it, which I can easily do (it's only about 12k).
 
I was saving 50-75% of my income when I started working. I maxed out my Roth for two years in a few months. I've been living it up since - bought a new laptop and my first car.
 
Mupod said:
I save most of what I make, but I mean it's not like I cheap out on stuff. I just don't want or need a lot of things. My rent is cheap and I own my car.

I haven't even considered investing because I'm still in the mindset to assume the worst. I had 20k in the bank a couple years ago and burned through all of it during a long stretch of unemployment + being forced to move. Then I got a job where the cheques started bouncing a few months later. I'm much more stable now with a lot of savings but I still think of money in terms of 'okay, if I was laid off tomorrow, I could survive for X months'.

I haven't started seriously paying down my student loan because there isn't much reason to yet. Next year my goal is to get rid of about a third of it, which I can easily do (it's only about 12k).
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You can withdraw contributions you make to a Roth IRA without penalty.
 
people who overspend are the consumers the economy needs!

They're the F2P whales to real economies'!

There's a theoretical, macroeconomic rate of savings / investment that would maximize overall economic output and growth, i guess.

I, myself, don't put away a defined portion of my income, really.
I guess i'm just modest enough compared to my income, so my savings steadily go up.
 
I save about $1000 a month.

Not investing anything right now because it's all going toward a house early next year.
 
0. I just don't make enough to save. I try to save the small amount I have left after expenses but it never seems to work out. I have no debt though so that is good.
 
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