What's your current savings rate? Straight up


#42

Fantastic!


#43

I hear ya! Great job!


#44

Fantastic! Keep going!


#45

I’m currently at 67%, but my goal is to get to 75% by the end of the year.


#46

That’s great!


#47

I have a slightly different approach. I work but about 85% of our annual budget is covered by passive income (e.g. rentals, dividends, bonds), so I’ve split what I earn from what we live on, so saving rates become more or less irrelevant to me.


#48

You guys are inspiring. I just calculated mine, and we are only saving 12 percent! And honestly it’s a struggle to do that. I wanna do better!!!


#49

In 2017, we’re at 53% post tax. That number doesn’t include saved/reinvested passive income from interest, dividends, & cap gains off our investments. Hoping to get that number up in the last quarter of '17 now that our youngest is in public school and out of daycare.


#50

Keep your head up. There are many ways to $ave. You just have to WANT it bad enough. You can do it!! :slight_smile:


#51

You are doing AMAZING!


#52

I waver between 15 to 50% depending on the month since my income and expenses vary. That’s just savings/expenses, gross is more in the 10-35% range. 2017 is the first full year I’ll have data so I’m eager to see what a full year looks like once I compile the data in January.


#53

Well here’s a fun one. I have two primary ways of looking at this question:

(1) I want to calculate how my current lifestyle impacts my FIRE timeline; or

(2) I want to calculate savings rate to see how much of my gross/net income goes to something classified as “savings,” period.

I assume our mortgage principle is “savings”, and the only difference between #1 and #2 above for me is that my student loan payment would otherwise be savings - so clearly, I don’t have to make a lifestyle change going forward to compensate for them, I just have to pay them off.

Under #1, with my student loan payments counted as “savings” since they otherwise would be saved at our current lifestyle, me and Mrs. Vigilante have a savings rate this year of just shy of 70% of gross and a whopping 136%-ish of net income! Lifestyle’s pretty good, I figure :slight_smile:

Under #2, with my student loan payments counted solely as an expense since it all leaves my pocket, we have a savings rate of about 50% of gross and still 105% of net income. I love seeing that we’re saving more than we bring home :slight_smile:


#54

I love saving. Watching the balances go up is AMAZING!


#55

Totally AWESOME!