How much of your income are you managing to save? I'm trying to hit 20% this year but we'll see if I can do that with GTA prices

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Including retirement accounts, 50% between wife and I; we rent don’t own

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50% of my income and husband probably 75% and we own our home!

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Nice!

Last year I saved and invested 50% of my take home (5% saved and 45% invested).

Depending on my raise and bonuses, I’d like to aim for 55-60% this year.

smart

Couple, 1 income till last year. Other partner was in grad school. Approximately 30% of take home. Have student loans and a small car loan. Will aim for higher this year, as partner started working this week.

Waouh how do you guys manage to save that much ? Guessing some of you don’t have kids and a crazy mortgage payment

PM1 living the real life.

We probably save 10-20% only because we’re earning ~400K combined income.

But we have 2 little kids with daycare costs + high variable mortgage + not a luxurious lifestyle by any means but we live like fat cats…

I save atleast 20% and have a mortgage.

Saving about 30%. Really limit eating out (5-6 times a year) or other entertainment (1-2 times a year). Only spend money on vacations and kid's camps/sports, but really careful with anything else.

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Brand new to investing! Husband and I are 37, don’t have any investments other than the home we currently own. Sitting on atleast 100g worth of cash....

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I’m prepping someone’s tax return who I see everyday on tv. It’s kind of cool being privy to a celebrity’s confidential financial information. 😁 I’ve also prepped a famous athlete and actor last week.

likeuplifting

How do you manage your money?

I only bring in a little over $2,600 a month. After paying all my expenses, I get to put away $500 a month in savings but don’t have much wiggle room for anything else, including going out money.

I’m very privileged to have a significant inheritance and zero debt of any kind. I really wonder how my peers who have student loans, car payments, and even children manage to pay their bills and live so comfortably. Please share if this is you!

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Any advice in terms of investment to save the maximum tax?

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Hi Fishes , please help me to calculate take home after tax and other deductions. Also please let me know what are things I can declair for tax savings. Cognizant Tata Consultancy Accenture

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My mother is going to get retired from her government job next week and will recieve her one time payout of close to 90 lakhs by the end of the month
The amount is non taxable but any profit earned from the amount will be taxable. Where should the amount be invested?(next 8-10 year horizon)
1. Buying a 3 bhk flat for around 95 lakhs in Sec 31 Gurgaon.
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Hi Fishes,

I want to know tax saving options as I am new to it so please let me know in what all options I can invest and save more money. Please help.

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