Questions for the Group

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      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!

      Amy

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