For those not saving enough: what stands in your way? - Page 3

lamby248 · 09-26-2007, 10:19 AM

I don't get paid enough to save 15% take home pay..

Country~mouse · 09-26-2007, 10:24 AM

A 39 yr old child who won't quit smoking, you have no idea how much that adds up per week!! Plus he had to buy a full sized gas hog pick up truck from his father that needed alot of work , when his smaller pickup was perfectly fine.

mommy&wifeisme · 09-26-2007, 10:43 AM

Quote:

Originally Posted by araefinn

Not making enough money to have anything left over. Having just enough to make it until the next month.

This is us too! Though I am looking into my home day care license to bring in a little extra.

Happymom · 09-26-2007, 10:49 AM

Do you mean 15% on top of what you save into retirement accounts or including that?

flybygrace · 09-26-2007, 11:14 AM

b'c the only 15% we could save is going to the grocery store.

arrical8 · 09-26-2007, 11:30 AM

Quote:

Originally Posted by searching4

To much debt to be paid right now! We do good to pay all of our living expenses and bills, so there isn't anything left over to save.

This is us too...

angelhair · 09-26-2007, 02:25 PM

We save 16% in 401K and 3% for our savings account but we used it for the bills that you forget about. Life insurance new one for DH, car repair, children needed help (have older children that lost their jobs this year Helped to save their house), increase in gas and food come out of the money saved too.

Need to revise the bugdet again.

freebiemom · 09-26-2007, 03:45 PM

I've been needing to revise our budget for a few months now as well. DH got his annual raise in August but with school starting, one son's birthday in August and the other in September, we've just had one extra expense after another since then. We still do well with what we bring in and at least our savings isn't going down but it isn't going up like we'd like it to either.

I don't know the percentage we normally save but it's a set amount that is comfortable for us. Doubt it's 10-15 % of our monthly income.

And for us, our savings right now IS our retirement. Believe me, every month I get more and more worried about our future but there's not much we can do about that now when we're struggling to take care of our kids and make sure we have money for those emergencies and unexpected things that pop up.