MONTHLY Savings

I wanted to post a poll about how much people save MONTHLY, or can save but choose not to beyond their monthly cost of living expenses - if they can afford to save at all.

These refer to the entire household and also retirement plans, so if you and your spouse have retirement money deducted, that counts. Include non-retirement savings as well.

 

Does this include any 401 K pretax contributions? Or just on your own savings?

 

Did you read my freakin' post?

:notworthy

 

Sorry. I save through work and through stock dividend re-investment accounts, old 401ks that I have rolled, and mutual funds. I have one stock that pays a cash dividend that goes into a bond account.

But I don't take X amount out of my paycheck in, say, cash and make contributions to a savings account or other vehicle.

 

Where would items charged fall? I generally count that as a saving because you dont pay it until later but some may not count it because it eventully gets paid.

 

Do you mean debt?

 

Before I left BofA I would say 2 - 5K. But I've been lazy to get my 401K set up again. Now 1-2K

 

What about equity? I pay about $500 in principal each month. Its stuck in the house but I still consider it saving.

 

No, its not a debt until you pay the bill. Before that you have the item and you have not paid for it so it is savings.

 

Thats a lot like I was saying.