VOTE: How much money do you save?

Your Two Cents:

1. 
   SavingMentor July 6th, 2011

   It seems a lot of people taking part in the pole are super savers with their PSR over 15%. I’d like to think that my PSR is over 15% too. You didn’t really say too much about investments, retirement savings, and pensions. I assume those would be included as part of your PSR, right? If that is the case, then I’m pretty confident that my PSR is indeed in the above 15% category.

   I used to keep a really detailed budget and track every receipt and expense but lately I’ve just been focusing my efforts on keeping my costs low, researching all my purchases, getting great deals, and enjoying life. Then, I keep an eye on my bank account after paying myself for retirement first and as long as the numbers keep increasing and my net worth keeps increasing, I’m happy!
2. 
   Savings? July 6th, 2011

   I was not clear on the word “save”, is it what I save after penny pinching or is it what I save is all ways. I put away an average of 22% of my before tax income each month into a rainy day account, 401k, personael investments and vacation fund. Some of the 22% comes at the end of the month after paying bills and some I never see in my checking account. When the vacation fund gets too big I move it to the personal investments account. The rainy day has enough to sustain my household for 1.5 years and the 401k is maxed out for matching and tax limits. For getting my full worth of dollar I think I do pretty good.
3. 
   D July 6th, 2011

   I put $0, but if you include the fact that $0.86 of every dollar goes to pay principal on my mortgage and i have a company matched DC pension which combined is 18% of my salary then i guess i am over %15…
4. 
   Angelo July 10th, 2011

   Actual money going into savings accounts is a little over 10% of monthly net income — but another 50% of my monthly net income goes to debt reduction.
5. 
   PendragonUK July 11th, 2011

   I can’t easily put a percentage on it… I’m pretty frugal as I’m on a fixed income. Low at that, from the state as I care for my disabled wife. Anyhow the way I save is to decide what I want more. In this case, to smoke or have new bits for my computer. Right now the computer is winning. The money that would have been spent on smoking goes into a separate account. That is what I dip into then I need a new shiny, that will make my PC faster! I don’t mind spending money on things I value, it’s just a case of setting out your values…
6. 
   Cathy July 20th, 2011

   Not saving at this point because we’re intensely paying off debt.
7. 
   PendragonUK July 20th, 2011

   Cathy, I think that’s a type of saving. Paying debts off early can save you so much.

   good luck!
8. 
   Pat Lamont July 28th, 2011

   Hello

   I read in a magazine that when you subscribe to your site you offer a free download of an ebook i.e. recipes? I did subscribe but did not download the ebook at the time. Can you send me the link if possible?

   Love your newsletter!

   Pat
9. 
   Kerry July 28th, 2011

   Hi Pat
   Please use this link to download your free eBook: http://www.squawkfox.com/ebook-frugalfoodfit/