bbbamI
Give me a museum and I'll fill it. (Picasso) Give me a forum ...
Well now, that's a shame.....I am older than you think..........
Well now, that's a shame.....I am older than you think..........
_________________2008 Actual____________2009 Plan |
Income___________411,271_______________442,394 |
Spending_________308,587________________308,696 |
Savings__________102,684________________133,699 |
Income - $372K
These are my final 2008 numbers, but 2009 probably won't be real different.
Gross income: ~238,000
I look at this as an income statement; portfolio management (which bin it goes into) is separate:
_________________2008 Actual____________2009 Plan Income___________411,271_______________442,394 Spending_________308,587________________308,696 Savings__________102,684________________133,699
After reading this thread, I feel so poor!! My salary will never hit six figures.
You all have done really well.
(for 1 child but this amount will double since kid #2 is due in Dec. )Not incl. employer matches on the RRSP's, we save almost 40% of our gross income. We're putting a lot in cash right now since I'll be going on maternity leave in Nov. for one year (and not sure yet if I'll be going back to work at the end of it).
I agree completely. Cut expenses and be so much happier.It's all relative. You feel poor but probably nearly double my income. I know many people who would love to have my $45K/yr income. In my family, i'm the one with a "high income". My income nearly doubles my brothers, cousins and several of my friends'(all in their 20's and 30's). It's all relative. Just LBYM, whether you make $20k or $200K
Even retired we are averaging 37% savings of our gross and half of that is tax deferred.
How do you contribute to tax deferred savings if you have no earned income? Can you put pension income into an IRA?