Questions for the Group

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    • #250977

      1. What is your ideal percentage of earnings that you would put in

      into savings?

      2. Would you put the money into one place, or into different

      accounts (e.g. retirement/401K, college, emergency, etc.)?

      3. What percentage or dollar amount do you save currently?

      4. If your answer to #1 doesn’t match your anser to #3, what (if

      anything) are you doing to make the answers closer?

      Since I asked, I will go first:

      1) 15%.

      2) 10% for retirement, 3% for college funds, and 2% or more to

      emergency fund.

      3) We save 6% of DH’s salary every paycheck, matched 100% by his

      employer, to his 401K. We then save $100 a month from my paycheck.

      We earn about the same, though, so it is less than I would like to

      save. Overall, the 12% of his salary is about 6% of our total

      income. The $100 goes to our emergnecy fund.

      4) Every month, I look at our budget and see what needs adjusting.

      Also, whenever we have a “surplus,” I either put that money directly

      into our emergency fund or put more toward outstanding medical

      bills. It is not consistent though, and I would love to be putting

      more like $300 into our emergency fund every month.

      Thanks in advance for answering!


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