Just curious as to how you all split your monthly pay. At the moment I am trying to make this more efficient. I know I probably need to improve this and would appreciate your thoughts. My wife and I earn basically the same wage on average..
15% of my monthly pay goes into private pension
10% of my wife's pay goes into private pension
10% of combined monthly pay goes into mortgage overpayment fund
8% of combined pay goes into a separate Vanguard index funds account
So thats 32% invested and 10% into mortgage overpayment.
The rest is used up on fixed bills really (mortgage, bills, 7% shamefully on paying off a car over the next 3 years, I know... I know!!).
Our actual cash account doesn't grow much each month at the moment due to the above, but we are ok with that. We have enough to cover emergencies etc.