Okay, let’s take a break from the salary comparisons. How much are you able to save per month/year? Strictly cash savings, don’t include company matches or returns, just the amount of cash you save. Include the city or just indicate HCOL, LCOL, etc. so that we have context. Interested in what strategies folks are using to save.

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Just my bonus: ~$22k on ~$200k- HCOL city with lots of student loans. I will be able to save zero once daycare starts for my baby. 😿

Geez. Some y’all can save.

I’m 30
Max the 401k HSA and Roth IRA. So that’s about 32k-ish a year or 2,700 a month.

Single income house hold 4 kids.

Monthly cash savings is zero most months. But I also pay about 2k a month in christian preschool tuition. Once the kids are old enough for public school I’m hoping that helps the cash flow a bit.

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Uhhh hi I’m a normal person in my twenties and idk how y’all are saving more than my entire salary in a year, but:

Savings: $0-500/ month (not including 401k)
Salary: 98k
City: Washington, DC

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Thank you normal person! I too was once normal in my twenties.. but sounds like you’re contributing to 401k which counts as savings and if you’re maxing it out to 19k then it’s already putting you above the general population average - so maybe you’re a normal above average saver in their twenties

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~100k on 240k, MCOL

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Wife and I save about $5k / month. Lol at people still dropping the salary info. OP perhaps a better question for future threads is what percentage of pretax income goes toward improving net worth (eg cash, retirement, student loan principal, mortgage principal, etc...) no reason to provide comp with that question...

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I think % would encourage lower earners to contribute. Percentages in general move the needle away from how much do you make to how much of a saver are you. You say you don’t think it is valuable but fail to provide a reason...

I also agree op asked the question in good faith but I also don’t think responses on here (including yours) provide a very helpful gauge of what’s typical or even what is above average. People who respond to this type of post tend to be people who are heavily focused on the question, super savers, high income earners, etc. it’s never a good question for guessing where you stand amongst your peers given the bias of responses. It’s really not that hard to understand.

$6k/ month in addition to 401k. $200 base. Chicago

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Save about 100k on 225k household income in MCOL

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~90k on 200K, MCOL.

Biggest drivers in my mind are i) housing (live with roommates), ii) food (i meal prep quite a bit and cook well instead of eating out), iii) alcohol consumption (way cheaper to drink at home), iv) clothing (I don’t spontaneously buy new stuff)

$4,500/month ($54k/yr) on $125k salary

Per month 2k
Split my paycheck into 2x direct deposits
1k each paycheck to an internet bank high(er) yield savings account

116k at ACN CL9 s&c, NYC

2020 compensation was 240k. Saved ~130k toward net worth. HCOL.

Saved 80k from my stock grant (haven't sold at all currently worth 120k now).
Contributed 30k to retirement (not counting 9.5 match)

My remaining cash is a mess due to all the transactions / investment increases so hard to keep track of. My monthly expenses run ~3k / month so around 40k annually. So maybe another 20-30k cash saved but reinvested.

I save about 3500 a month on 150k, medium cost of living city. I could save a lot more if I rented out the upstairs but I absolutely can’t do roommates.

Save ~100k on 280k in MCOL

I saved $270k last year, I make $350k after tax. Single income in HCOL (no kids).

Oh sorry I misread as gross.

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Daycare averages $2k a month where I live, and this isn’t even an expensive city. I don’t understand how people do it with multiple kids.

$65K+/yr on $90K salary. Chicago. Idk if it’s a strategy, but I have really low rent and don’t drink.

I’d be interested to find out what methods folks are using. Automated? Regular transfer to credit union? Money market? Robinhood?

60k on 250k pay

Saving around 4,800 per month. Salary of 120k and live in Boston

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