61% post tax.
We saved 86.5% of our post tax income this year, and we’re aiming for 90% this year. It’ll be tough - probably won’t make it. We didn’t include dividends in our income last year, when possibly we should have. So that would change the sums a bit!
Single Income, No Kids here in a HCOL area. I have multiple income streams so I try to focus on just the 9-5 income for spending and save everything else. With that, I have a minimum savings rate of 50% post-tax plus whatever income comes in through dividends, rental income, and part-time jobs.
Love these answers. They show the range of our community, and we are all on valid paths. Here are my numbers:
Currently saving 55% of my gross income:
- Retirement (includes employer match) - 34%
- Savings - 21%
I am starting to get some affiliate sales from my blog, and 100% of that will get put in savings as well. There isn’t really enough to count yet, but my goal is to be able to respond here next time next year stating that I can save 50% of my gross income
My saving rate is 10% by default. I read that it's a reasonable sum to save just to face the future with confidence. But it usually depends on the volume of my winnings. As I play online casinos, there are both periods when I win a lot of money, and when I have meager incomes. Still, I get some money 'cause I chose a reliable software provider. I was looking for some good casino long enough and this piece of information about Microgaming software, https://medium.com/@alias26/microgaming-software-c0f4ad859090 , caught my attention. I was very impressed when I learned that it's widely known by its progressive slots, especially its jackpot Mega Moolah. So, I decided to try, and I'm very glad about it.
It is never too late to start saving money, however the sooner you start, the better. Start with splitting the amount your spending in two: one for saving another for ‘wants’ gradually increasing the amount of savings.
Most of my Salary is in EPF and I am getting 8% on that.
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