The Money Mustache Community
General Discussion => Welcome and General Discussion => Topic started by: MelodysMustache on July 23, 2013, 11:54:00 AM
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I have been trying to figure out the best way to calculate my savings rate. So far I have the following included in my list - 401k, 401k company match, HSA, mortgage principal (exclude interest and escrow), annual company stock award, money put into investment account. I did not include IRA and consumer debt repayment because they do not apply to me. I did not include money that I set aside for annual bills, auto maintenance and home maintenance.
How do you calculate yours? Is there another thread or blog entry somewhere on this topic that I have missed?
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Is there another thread or blog entry somewhere on this topic that I have missed?
There's about 20. :)
And about 20 different ways to calculate it.
http://www.google.com/search?hl=en&source=hp&q=site%3Amrmoneymustache.com%2Fforum+calculate+savings+rate
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Thanks. My bad for not thinking about the search feature.
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LOL, I find it hilarious the other thread has the exact same name!
Edit - These can be annoying, but it's important to remember that especially new people, don't necessarily realize there is a search feature.
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How do you calculate yours?
Sometimes I use a spreadsheet, but since it's only 2 numbers, I often just use the built-in calculator in Google.
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How do you calculate yours?
Sometimes I use a spreadsheet, but since it's only 2 numbers, I often just use the built-in calculator in Google.
HA HA HA
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It's ok to laugh. I know better and it was a silly mistake. :)
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It's ok to laugh. I know better and it was a silly mistake. :)
Don't mind the small teasing; it's a common question so you don't have to feel embarrassed. :)
Feel free to ask any questions you have, and we'll either start a rowdy discussion or point you to a previous one.
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Here's one answer. It's not a problem to state it again for a new person.
Pre-tax contrib. + principal repayment on mortgage (not interest) + any other savings
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Net home pay + pre-tax contrib
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The forum software should definitely push back when someone wants to start a new thread with the same name as an existing. I swear I've seen some that will give you a list of similar threads and make sure you want to go through with it.
That said, I think we rehash a lot of topics willingly. In fact, we often seem to have a few related threads going on at the same time.
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The forum software should definitely push back when someone wants to start a new thread with the same name as an existing. I swear I've seen some that will give you a list of similar threads and make sure you want to go through with it.
That said, I think we rehash a lot of topics willingly. In fact, we often seem to have a few related threads going on at the same time.
Stackoverflow will do this,it'll give you a list of other questions matching keywords in your question title. So you can check to see if it's already been answered.
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The forum software should definitely push back when someone wants to start a new thread with the same name as an existing. I swear I've seen some that will give you a list of similar threads and make sure you want to go through with it.
That said, I think we rehash a lot of topics willingly. In fact, we often seem to have a few related threads going on at the same time.
Stackoverflow will do this,it'll give you a list of other questions matching keywords in your question title. So you can check to see if it's already been answered.
That's one of the ways I search for duplicate questions to close duplicates on StackExchange sites - most people seem to ignore questions which appear in that list :P
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The forum software should definitely push back when someone wants to start a new thread with the same name as an existing. I swear I've seen some that will give you a list of similar threads and make sure you want to go through with it.
That said, I think we rehash a lot of topics willingly. In fact, we often seem to have a few related threads going on at the same time.
We need to do an FAQ at some point, but that sounds like work. :P
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I've been meaning to set aside a day to do just that. Maybe this weekend...
maybe.
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I've been meaning to set aside a day to do just that. Maybe this weekend...
maybe.
Just a list of potential topics would be amazingly helpful. That's the barrier I'm stuck at. If someone wants to compile the questions, I'll work on the answers. :)
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I stumble on the same issue, what I think are common questions may not be. To the Forumobile!!
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The forum software should definitely push back when someone wants to start a new thread with the same name as an existing. I swear I've seen some that will give you a list of similar threads and make sure you want to go through with it.
That said, I think we rehash a lot of topics willingly. In fact, we often seem to have a few related threads going on at the same time.
We need to do an FAQ at some point, but that sounds like work. :P
When you say FAQ you mean answers to questions like how to calculate the savings rate?
I think it would be nice to have a clear definition of how to do it, but the reason these discussions exist is because different people do it differently. Maybe there could be a philosophical discussion of what savings rate is, then it could give examples of using/not using 401K, taxes, pension, etc.
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The forum software should definitely push back when someone wants to start a new thread with the same name as an existing. I swear I've seen some that will give you a list of similar threads and make sure you want to go through with it.
That said, I think we rehash a lot of topics willingly. In fact, we often seem to have a few related threads going on at the same time.
We need to do an FAQ at some point, but that sounds like work. :P
When you say FAQ you mean answers to questions like how to calculate the savings rate?
I think it would be nice to have a clear definition of how to do it, but the reason these discussions exist is because different people do it differently. Maybe there could be a philosophical discussion of what savings rate is, then it could give examples of using/not using 401K, taxes, pension, etc.
I think the very first topic on savings rate is a been there done that. There is no clear definition because there are several different methods and factors that aren't universally applicable.
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The forum software should definitely push back when someone wants to start a new thread with the same name as an existing. I swear I've seen some that will give you a list of similar threads and make sure you want to go through with it.
That said, I think we rehash a lot of topics willingly. In fact, we often seem to have a few related threads going on at the same time.
We need to do an FAQ at some point, but that sounds like work. :P
So true. Kind of a superguide for the most common questions. =-)
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