Quote:
Originally Posted by geojen
Not the hijack the thread, but I have a question. Should people be saving 10% of their total income or each income. For example, I and DH each put 5% of our pay into our 401Ks at work. Does this equal the 10% rule for investing? Or do each of us need to do this for it to count as 10%. I realize that we should both count on doing the 10% or more eventually, but right now we are still working our snowball.
|
IMO, you should take the total
combined gross income between you and your DH, then multiply by 0.1 (10%). This will give you your savings target for 10% (note that I recommend saving more than that, but that's the concept anyway).