View Poll Results: What is your savings rate?

Voters
109. You may not vote on this poll
  • < 20% (Working - Salary)

    21 19.27%
  • 20% - 40% (Working - Salary)

    39 35.78%
  • 40% - 60% (Working - Salary)

    26 23.85%
  • > 60% (Working - Salary)

    15 13.76%
  • < 20% (Retired - Passive Income)

    2 1.83%
  • 20% - 40% (Retired - Passive Income)

    3 2.75%
  • 40% - 60% (Retired - Passive Income)

    1 0.92%
  • > 60% (Retired - Passive Income)

    2 1.83%
Like Tree19Likes

What is your savings rate?

Reply
Page 1 of 3 1 2 3 LastLast
  1. #1

    Join Date
    Feb 2006
    Location
    Kennedy Town
    Posts
    1,001

    What is your savings rate?

    What percentage of your income do you save?

    For those who are retired please just take 4% of your assets as your passive income. This way the impact of inflation on your capital base is accounted for.

    Last edited by cendrillon; 26-09-2017 at 10:42 AM.

  2. #2

    Join Date
    Dec 2002
    Location
    ???
    Posts
    26,647

    How about a "Its Complicated" option.


  3. #3

    Join Date
    Jul 2004
    Posts
    2,965

    Haha too much coming in/ going out from business/personal accounts and no clue who is earning/saving what!


  4. #4

    Join Date
    Feb 2006
    Location
    Kennedy Town
    Posts
    1,001
    Quote Originally Posted by nivantj
    Haha too much coming in/ going out from business/personal accounts and no clue who is earning/saving what!
    Its pretty easy, just take your account balances now and subtract what it was a year ago from your bank statements, that's what you saved over the past year. Then divide it by your household income from your tax.

  5. #5

    Join Date
    Oct 2010
    Posts
    18,428

    It's complicated. Presumably you are talking about net income rather than gross?

    Also there is no option for us - we generate some income from employment & some from passive income from investments.


  6. #6

    Join Date
    Jul 2004
    Posts
    2,965
    Quote Originally Posted by cendrillon
    Its pretty easy, just take your account balances now and subtract what it was a year ago from your bank statements, that's what you saved over the past year. Then divide it by your household income from your tax.
    That message was referring to Shri, lets see what answer he comes up with after your suggestion..

  7. #7

    Join Date
    Jul 2005
    Location
    Pearl of the Orient
    Posts
    3,862

    Whatever is left from salary in current account on pay day goes into savings. Holiday months can be zero, frugal months up to 50/60%

    Then there is rental income from UK, and dividends.


  8. #8

    Join Date
    Feb 2006
    Location
    Kennedy Town
    Posts
    1,001
    Quote Originally Posted by TheBrit
    It's complicated. Presumably you are talking about net income rather than gross?

    Also there is no option for us - we generate some income from employment & some from passive income from investments.
    If we make too many survey buckets then every bucket is going to have just zero or one person

    I'd say just put yourself in the category where the majority of your income comes from. 51% from employment -> employment category. 51% from investment -> investment category. 50% from each, flip a coin
    HK_Katherine and Mat like this.

  9. #9

    Join Date
    Feb 2006
    Location
    Kennedy Town
    Posts
    1,001
    Quote Originally Posted by Cwbguy
    Whatever is left from salary in current account on pay day goes into savings. Holiday months can be zero, frugal months up to 50/60%

    Then there is rental income from UK, and dividends.
    So yeah, just add passive and active income. Passive income should be rent minus outgoings (mortgage interest, expenses etc.) for your rental property.

    Then average that over the year.

  10. #10

    Join Date
    May 2006
    Location
    Pampanga, Philippines
    Posts
    20,015

    I don't save. I have a work pension that tranfers to my wife on my death. It is (UK) inflation linked. If there is an emergency then we can sell a property. Will get a UK state pension which will also be inflation linked. Just enjoying life.


Reply
Page 1 of 3 1 2 3 LastLast