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Old 06-01-2008, 05:03 PM
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safari safari is offline
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Personally, I never set a fixed percentage that I am going to save each year. My spendings fluctuate from month to month, so one month I can put $3K into my savings account, while the next month I only have $1K left after paying all the bills. Basically, whatever money I don't spend, I save. This is outside of the 401(k) plan, where I contribute 10% (the maximum I am allowed), and my employer adds 4% on top of that. When I add everything together, my total yearly savings equal to about 37% of my gross pay.
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