Savings Rates and What do you Count?
In another thread, a poster said he had a gross income of $165,000 and lived on $48,000 (including taxes)---a savings rate of 71%. An amazing testament to what you can be done with sacrafice and LBYM. I am no where near that level, and until I read that post, thought I was doing ok. I wanted to see what you guys "counted" as savings---as it occurred to me, what I am counting may not be the same as the poster above (though, even if I counted "everything" I would not be close to 71%).
This is what I count:
$31,000 in 401-K contributions
$5800 in HSA contributions (no intention to spend--pay for medical out of income)
$30,000 Paydown in Mortgage Principal ( I pay extra each month in addition regular payment on 15 year note)
$4500 in an online savings account with no real plans to spend---sort of an emergency fund
Total: $71,300 or approx 34% of gross
What I do not count:
$10,500 in employer matching for 401-K
$10,500 to MMF for things like vactions, house/car maintenance, budgeting for a new car (known longer term major expenses)
Total: $21,000 or 10% of gross
Even if I included both categories I am at 44% of gross--way below my impressive friend above.
What do you include/count as savings, and where does it go?