Quoting Post Topic Srs topic: Money saving Membername   Not a member? Sign Up Free (takes 20 seconds) Password   Forgotten your password? Post Font: Verdana Arial Black Georgia Comic Sans Impact   Size: Tiny Normal Big Huge   Color: Default Dark Red Red Orange Brown Green Olive Cyan Blue Dark Blue Indigo Black [ Check Spelling ] [ Post Preview ] [ LiveTags ] Quote: from Anonymous at 12:49 am on Mar. 12, 2012[quote]Quote: from [m]The New World Order[/m] at 3:44 am on Mar. 12, 2012[quote]Quote: from [m]hawkeye[/m] at 6:39 pm on Mar. 12, 2012[quote]Fraud prevention, I started in May last year, been putting away since then.    I have large expenses even with living at home, but still, I feel like you guys are way ahead.[/quote]44k a year is quite high dude, i was barely earning much more, despite living in a country where everything is twice as expensive.[/quote] I know it's high, but I have expense on average of 800 - 1500 a month...depends on the month. So, after taking out the money for my 401k, taxes and individual investments, I'm left with just netting MAYBE 2k a month, but mostly it works out to like 1.8k or slightly less.[/quote] FAQ Keyword Search: Post Options Favorites Manager Notify me of new replies to this topic by email Notify me of new replies to this topic by private message Original Post Anonymous Posted at 12:10 am on Mar. 12, 2012 So, I know a lot of you are younger and don't have full time jobs that pay well, or you're in college and have debt to pay off or whatever, buuut, I have to wonder how much you all save per month, or have in savings currently? I've been trying to figure out if I'm doing well, but it's been drilled into me by my dad to save as much as I can at a young age, invest properly (dividends from mutual funds/large cap stocks/index funds...generating little income in the short term, but growth with low risk), and iunno. Currently I save 10% of my 2 week paycheck in a 401k (about 2k), and put 400 extra away into investments each month. I just throw the rest into other places. So...how about all of you? Do you even think about these things or are you all just smokin' joints and talking about lesbians that are "hot"

Replies winniety Posted at 8:36 pm on April 25, 2012 My salary 2K a month, about 500 a month in Commodities and the rest i spend on life hmahhm Posted at 12:10 am on April 12, 2012 i dont work right now but when i did i made about $150 per week and got $20 from my parents so i used to save about $100 per week, my parents pay for my car insurance and phone winniety Posted at 10:28 pm on April 11, 2012 Quote: from hawkeye at 12:35 am on Mar. 12, 2012 My starting salary is 44k... what's the mean of this sentence JennyColada Posted at 11:17 am on Mar. 14, 2012 I think that I put like 5% of my net check into a 401K (that's the max that my company will match). I just paid off my car title last month, so February was my first full month not paying it (I was paying $1000/month to pay it off, so essentially it feels like I got a $1000/month raise). I recently started culinary school though - 1 year program $17k. I have a few thousand in some random bank account that I share with my mom (which she's always badgering me to put more money into, but since it's in both of our names and I do not review the monthly statements I'm weary). Although I certainly make more than I earn, I don't do extremely well on the savings front. amber1991 Posted at 12:27 am on Mar. 13, 2012 I don't have a job, unfortunately. I have the last of my trust money coming out when I turn 21 this year which will be about possibly $7,000. Most of that will go to paying the rest of college next year unfortunately. I get around $1,000 every three months so my income would be around $3,500-5,000 a year. I need to seriously try to put some money away this time. I'm horrible with money. v.v It may possibly be the death of me. I need to seriously get a job. Spice Posted at 1:39 am on Mar. 12, 2012 I save 1/4 of my pay check roughly every month. But every July a chunk comes back out for my car. Insurance. Tax. Mot. I currently have ~900. That at least will be gone in July. I was pleased yesterday though. I lost my no claims this year but it's cheaper than I thought it would be Luxe Posted at 1:21 am on Mar. 12, 2012 It's okay dude. I'm living at home, with a part time job, and I have like...$400 in the bank, and I will end up spending some of that. I'm shit at saving. My mom always used to say money burns a hole in my pocket. (Gee, thanks for the positive affirmations.) I want to save half my paycheck for long term savings, and then part of the rest for shorter term goals. I haven't started yet. Anonymous Posted at 12:59 am on Mar. 12, 2012 The quickest answer to explain the monthly expenses is ... having a long distance relationship is not fucking cheap. I like focusing on high dividend stocks, it's low risk, middle-of-the-road reward in the short run, but as it grows, those last few doubles will help. impenitent Posted at 12:57 am on Mar. 12, 2012 Quote: from hawkeye at 2:51 am on Mar. 12, 2012 I like the job, hate the way the company structures itself, so I have to get out eventually. I am driven, but things don't seem to add up right now. I've saved a lot, and the people I'm around tell me that I'm actually saving too much and being too strict with my spending, but I don't see that... Yeah, I would listen to your dad. My uncle, the only person in my family to have graduated from college, also pretty much tells me the same thing: Save as much as you can. Read the newspaper for financial tips. Invest in low-risk stock Though I am a bit confused as to how your monthly expenses range from $800-$1500 when you don't have to pay for housing expenses. My monthly expenses usually max at $1800 and I have to pay rent =\. Anonymous Posted at 12:51 am on Mar. 12, 2012 Quote: from lohrbas at 3:48 am on Mar. 12, 2012 Quote: from hawkeye at 2:39 am on Mar. 12, 2012 Fraud prevention, I started in May last year, been putting away since then.    I have large expenses even with living at home, but still, I feel like you guys are way ahead. Ah, cool. Well at least that sounds more interesting/exciting than a jr. software "engineer." I was thrown off by your ~$2k/2 weeks. I only make $4.4k net a month. So somehow, the net difference isn't even remarkable. Regardless, you seem driven. I'm sure you'll rise through the ranks or invest your money in such a way that you get decent returns. I like the job, hate the way the company structures itself, so I have to get out eventually. I am driven, but things don't seem to add up right now. I've saved a lot, and the people I'm around tell me that I'm actually saving too much and being too strict with my spending, but I don't see that... Anonymous Posted at 12:49 am on Mar. 12, 2012 Quote: from The New World Order at 3:44 am on Mar. 12, 2012 Quote: from hawkeye at 6:39 pm on Mar. 12, 2012 Fraud prevention, I started in May last year, been putting away since then.    I have large expenses even with living at home, but still, I feel like you guys are way ahead. 44k a year is quite high dude, i was barely earning much more, despite living in a country where everything is twice as expensive. I know it's high, but I have expense on average of 800 - 1500 a month...depends on the month. So, after taking out the money for my 401k, taxes and individual investments, I'm left with just netting MAYBE 2k a month, but mostly it works out to like 1.8k or slightly less. impenitent Posted at 12:48 am on Mar. 12, 2012 Quote: from hawkeye at 2:39 am on Mar. 12, 2012 Fraud prevention, I started in May last year, been putting away since then. I have large expenses even with living at home, but still, I feel like you guys are way ahead. Ah, cool. Well at least that sounds more interesting/exciting than a jr. software "engineer." I was thrown off by your ~$2k/2 weeks. I only make $4.4k net a month. So somehow, the net difference isn't even remarkable. Regardless, you seem driven. I'm sure you'll rise through the ranks or invest your money in such a way that you get decent returns. The New World Order Posted at 12:46 am on Mar. 12, 2012 Quote: from lohrbas at 6:41 pm on Mar. 12, 2012 Quote: from The New World Order at 2:38 am on Mar. 12, 2012 minimum wage is $15, but our cost of living is twice of America so you have to put that into perspective, what makes you think im not legit because i don't work at a normal job like everyone else.     I don;t need to prove myself i know what im doing, listening to people who have no idea what they are talking about for too long and it sent me on the wrong path. What you say usually seems over the top. Almost unbelievable. I'm not saying that you have to prove yourself. I don't really care. If you really are doing that well for yourself, holy shit. Congrats, you won at life. You have to keep in mind the Internet usually allows people from any socio crowd to talk, it wouldn't happen in a real life scenario as often as it would here. The New World Order Posted at 12:44 am on Mar. 12, 2012 Quote: from hawkeye at 6:39 pm on Mar. 12, 2012 Fraud prevention, I started in May last year, been putting away since then. I have large expenses even with living at home, but still, I feel like you guys are way ahead. 44k a year is quite high dude, i was barely earning much more, despite living in a country where everything is twice as expensive. impenitent Posted at 12:41 am on Mar. 12, 2012 Quote: from The New World Order at 2:38 am on Mar. 12, 2012 minimum wage is $15, but our cost of living is twice of America so you have to put that into perspective, what makes you think im not legit because i don't work at a normal job like everyone else.  I don;t need to prove myself i know what im doing, listening to people who have no idea what they are talking about for too long and it sent me on the wrong path. What you say usually seems over the top. Almost unbelievable. I'm not saying that you have to prove yourself. I don't really care. If you really are doing that well for yourself, holy shit. Congrats, you won at life. Most recent 15 of 30 previous replies displayed.