Hypothetical savings rate?

[Baylor3217]

Assuming the following hypothetical, what would the savings rate be?

Monthly
Gross: $10,000
401k contributions: $1900

Net take home: $6000

Expenses: $2000


$300 interest earned monthly on savings

What other info do you need?  I'd like to prototype my math to ensure I'm calculating correctly.

[Inquizator]

I'd calculate ($4000 savings + $1900 401k) / ($6000 net income + $1900 401k) = 74.7%

Some people do things a little different, but I have chosen to use net pay and add 401k contributions to both sides of the equation. I also ignore interest gained by my 'stache.

[KMMK]

I'd calculate ($4000 savings + $1900 401k) / ($6000 net income + $1900 401k) = 74.7%

Some people do things a little different, but I have chosen to use net pay and add 401k contributions to both sides of the equation. I also ignore interest gained by my 'stache.

That's how I do it as well.

[icefr]

What other info do you need?  I'd like to prototype my math to ensure I'm calculating correctly.

I agree with other posters, but the most important part is that you use the same formula each year so that you can compare the data.