What % of your income do you save?

[LivingAlmostLarge]

Right now nothing. Before probably 35-40%. We lived on around 35% of income and the rest went to savings and taxes.

[Nutria]

What's in it for the bank/CU? It's often for new customers only, or at least new money, so it brings in new business. And since they attach a bunch of requirements, they know that a certain percentage of customers who sign up will trip up and not fulfill all of the conditions to actually earn the high rate.

And they make the money back on merchant transaction fees.

[MichaelHulse]

As much as you can is the standard advice. Many financial planners recommend that you save 10% to 15% of your income for retirement. But that's just a general guideline.

[Outdoorsygal]

To clarify, what % of your net take home pay do you save in cash, if any?

This does not include money you are saving in a retirement plan or investing.

25 percent but we have no pensions, investments, 401k nothing

[Gailete]

To clarify, what % of your net take home pay do you save in cash, if any?

Or you could ask how many get take home pay on a regular basis and what do you save with it? I haven't had a take home paycheck in 14 years and he hasn't had one in 30 maybe. He is self employed. I'm on disability and work a small business on line as well.

We don't, so I have to stash away 15% of the gross earnings for taxes (estimated quarterly and property), another chunk towards my Roth IRA, another chunk towards my stock (savings account) and another amount to charity. I can't remember the actual percentages since I have them written down in a file that isn't on this computer. Between those necessary savings and the payments for everything else, there isn't too much left for frivolous purposes. Occasionally I go out to lunch if I am in town, but otherwise we are two fossils not doing much other than trying to keep ahead. At this point almost 5 months since my husband could drive or work. It is very stressful but having goals of where the money that does come in has to go has helped immensely. Hopefully he will be back to 'normal' in about two weeks.

[sv2007]

To clarify, what % of your net take home pay do you save in cash, if any?

This does not include money you are saving in a retirement plan or investing.

0%; we do maintain some cash for emergencies, but we know we can always go into margin to get cash if needed; and our stock value is high enough that even a 50% drop isn't going to matter in this area much.

The trouble of keeping a large pile of cash is that you aren't putting that money to work (or work very hard). If you can't beat inflation, then you are actually losing money.

[corn18]

In Germany and Japan right now, 0% is beating inflation (or deflation).

[sv2007]

In Germany and Japan right now, 0% is beating inflation (or deflation).

I think you are taking about bank to bank rates. It is not the same as inflation. It is also not the rate paid to bank customers there.