Author Topic: How do you figure your savings percentage  (Read 1195 times)

looking for FI

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How do you figure your savings percentage
« on: October 30, 2014, 01:40:55 PM »
I am trying to figure out our savings percentage and I was just wondering how most of you do this. I did this:

Income: 221,900
401k: 36,000
Taxes: 65,000
Insurance: 4,000

Take home pay: 116,900
Expenses: 71,900
Money added to investments: 45,000

45,000+36000= 81,000
116,900+36000= 152,900
81,000/152,900= 52.98%

Would you figure it differently?

shotgunwilly

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Re: How do you figure your savings percentage
« Reply #1 on: October 30, 2014, 02:33:30 PM »
That looks fine.  The way you calculate your number (as far as gross or net) isn't really important.  The important part is to calculate a number, then just try to increase that number as much as possible. (By saving more of course, not by changing the way you calculate it.)

It's saving more that matters.