With it being bonus season, I'm wondering how much all of you in CRE save?
Both from your paychecks and bonus, what % or $ do you save? What do you intend to do with your savings?
This might be dependent upon how far along you are in your career and how much you can afford to save, but I try to save/invest 25% of each paycheck, and 75% of each bonus.
Nowhere near enough, the rugrats are fucking expensive...
Just cash, or counting 401, mortgage, promote, etc.?
All of it
I save about 30% of my paycheck (excludes 401k).
Then 3% into 401k and the employer matches it all.
I have saved 100% of my bonuses so far.
I currently dollar-cost-average 70% of savings into the stock market and the remainder allocated to my student loans or cash to invest into real estate/buy a home/ etc. That 70% number will probably move up a bit once I hit a comfortable cash position and my loans are paid down.
I'm early 20s with no kids, wife, mortgage, etc. so I don't have any high recurring monthly expenses outside of rent. I budget ~5% of net pay for vacations or travel.
10% 401k, 10% post tax of paycheck into savings, 10% post tax paycheck to save for big ticket items in the future (mostly travel) about 90% of post tax bonus
I save about 35% of my gross base (401k/HSA and liquid/investments) and about 75% of my net bonus.
Those % have stayed about the same for the last 10 years, despite the immense increase of my comp over that time. I could (and should) be saving more, but I’m also trying to enjoy some stuff along the way.
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