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What Percentage of Your Paycheck Should You Save?

Savvy Q and A: What Percentage of Your Paycheck Do You Save?

SavvySugar reader Lauren recently asked a thought-provoking question in our newest community group, SavvySugar Q and A: What percentage of your paycheck do you save?

Many budgeters focus on reverse, envelope, or to-the-dollar budgeting, but thinking about savings in terms of percentage can be tremendously effective. Do you know your stats or have a percentage of salary saved goal? Share your answers in comments, then share your questions on money matters in the SavvySugar Q and A group.

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luna08 luna08 7 years
I'm wondering if these are average for just sugar members (who seem unusually "savvy"), or average in general. I know amongst my friends, my 25% savings is extremely high.
SFCA SFCA 7 years
43% I'm pretty proud.
muchacha muchacha 7 years
~30% after tax, which is great by my standards!
socalbeachgal socalbeachgal 7 years
20% to my 401K and another 5-10% per month to general savings. Before my pay cut last year it was higher.
pearsbeary pearsbeary 7 years
it varies...but generally i'm able to save about 30-40%
msfabhoney msfabhoney 7 years
Spectra Spectra 7 years
It varies--about 20% or so.
animatedpunk animatedpunk 7 years
I put about 10% of each paycheck into a savings account and the rest goes towards bills, loan payments, car payments, and credit card payments. Once I start paying things off, I'll be able to save more from each paycheck.
bonnyyeung bonnyyeung 7 years
soozerella soozerella 7 years
7% to my 401k with 3% matched and 10% to my regular savings
luna08 luna08 7 years
25%, which I'm pretty proud of considering that I've taken a paycut and furlough days since last June! :)
bluebellknoll bluebellknoll 7 years
I'm lucky enough to be able to save about 40%.
snarkypants snarkypants 7 years
0%. i'm broke :(
skigurl skigurl 7 years
when i was saving for my house, it was about 40% at least but now that i've bought my house, it's about 5%
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