How much do you save?

We are at a point that our rent from IP's are slightly positive including PPOR so what ever we make is put away and we use it for daily expenses, groceries, school fees, cars, boat etc...we would save about half of that and have it there when larger expenses or holidays come up.

 

After we paid off our PPOR and our kids started earning their own income from full-time work, my wife and I were saving over 60% of our combined income. We still save around 25% with me retired and the wife working part-time.

 

I never leave myself with more than 1000 in my bank account. Will spend around $200/week. Save around $800-1600 depending on the week as I'm self employed.

 

Interesting topic...
Since we have paid our PPOR off after all expenses we save around 80% of our income on a monthly basis. But we also enjoy our lives as well on our spare time, my wife and I walk our dogs, go to the gym and I play allot of basketball.

But twice a year we go on holidays!!!

 

what software do you use? or do you use excell?

 

That was just a google drive spreadsheet — like excel, except better. And free.

 

I'm a single mother on a low wage with three mortgages - I manage to save $100 per week.

 

About 65%. Which is why, instead of leaving it in the bank, I'm taking the next step and getting an IP

 

My wife and I both work, no kids, PPOR paid off. Including income from IPs and shares (most dividends reinvested), we save 80% of our income.

 

I save 70% of my below average wage. 16% goes to rent.

 

Thats remarkable

 

I worked out between 10-20k is ploughed back into offsets everymonth. Have not idea what % I am saving..but I know it is a decent amount.

 

Hi,

I save approx 50-60% of combined income, aim to live off 1 income and other into offsets

Going forward I plan to invest more in shares and build that stream with dividends reinvested. I have started on this path

I also need to buy 1 more IP, but sitting on sideline waiting for a good buy

 

Eh, I do dog sitting, split the rent with the mrs and we Airbnb the spare room, so that provides some spending money

 

I don't save anything, I just reinvest sales proceeds, money in, money out

MTR

 

I apply Pareto's Principle, save 80% (into the IP deposit account) and spend the 20%. Only spent ~10% the last 2 weeks so will keep the remainder for a holiday when I reach the savings goal.

Free rent has been by far the best thing to help savings but travel cost doubled. So I started spending Monday's jumping on buses for one stop every hour to max out the Opal ASAP. By Tues morning and $20 later, travel is free for the rest of the week saving an extra $40+/wk

Food is cheaper out in the Wild West too. Didn't realize how much of a difference there was as I've always lived in the city.

 

About 20%, but now I've got a decent buffer about 10% will go into shares and the rest driving down (offsetting) non deductible debt. I'm hoping to work up to investing 50% on top of offsetting. No more leverage for me until my LVR drops a little.

My PPoR should be paid off in 3 years, or less, hopefully, and replaced with the same size share portfolio. More IPs over and above that. .

 

Not as much as usual atm with renovations, but usually around 50% including newinvestments. Double income 3 kids.

 

Some impressive %'s

I am down around 10-15% at the moment I am guessing. Expensive PPoR, putting money aside for some big life expenses (wedding/honeymoon) and then reno's the year after have really hurt the savings rate.

Still we are taking steps forward even during the most spend happy time of my life.

 

I didn't invest in the Dick Smith IPO, the Myer IPO, Slater and Gordon, Murray Goulburn (MG Unit Trust).

Avoiding some landmines like this turned out to be advantageous to my savings account.