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Old 11-16-2005, 09:25 AM
Russell Russell is offline
$ Saving Jr. College Student
 
Join Date: Feb 2005
Location: CA
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Default Re: What % of your Income do you save?

This thread motivated me to find out what percentage of my total income is allocated to various expenses and savings etc. The results are a bit surprising:


Savings: 33.65%
Taxes: 27.64%
Rent: 24.52%
Bills/Food/Gas: 8.00%

That's about 93%...the remaining 7% is most likely spent on luxuries/hobbies etc. But the real surprise is the taxes and rent - I knew I was paying a lot in taxes but didn't know it was that much
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