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10-11-2012, 08:31 AM
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#1 | | Need my Daily Fix of RS
Join Date: Feb 2010
Posts: 261
Thanked 119 Times in 40 Posts
| How much do you save per month?
Being an unemployed graduate, I went through a period with only $50 in my account (and looking for jobs at the same time).
I am lucky to have a job I love now, and I am particular with how much money I save per month.
Monthly income (after tax): $2300
I live with my family so I don't pay rent:
Monthly expense: $700
Save: $600
Spend the rest.
How much do you save per month?
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10-11-2012, 08:35 AM
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#2 | | Banned By Establishment
Join Date: Jan 2003 Location: Coquitlam, BC
Posts: 9,521
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Lol I wish my monthly expenditures was only 700. I save 125 a week, 300 when my credit card is at 0.
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10-11-2012, 08:51 AM
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#3 | | I don't get it
Join Date: May 2011 Location: Bc
Posts: 400
Thanked 105 Times in 44 Posts
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i too wish my monthly expenditures was only 700 lol
my monthly expenses are roughly 3400 (ugh)
my wife and I save roughly 500 a month.
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10-11-2012, 09:19 AM
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#4 | | Meow
Join Date: Dec 2010 Location: Burnaby
Posts: 1,284
Thanked 652 Times in 215 Posts
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Save 0,Damn why did I decide to go back to school.
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10-11-2012, 09:28 AM
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#5 | | I contribute to threads in the offtopic forum
Join Date: Apr 2001 Location: VAN/RMD/BBY
Posts: 2,594
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Recently moved out, so savings are probably down to 10-20% of my after tax income. Use to save about 40-50% though.
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10-11-2012, 09:32 AM
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#6 | | I contribute to threads in the offtopic forum
Join Date: Apr 2001 Location: VAN/RMD/BBY
Posts: 2,594
Thanked 1,022 Times in 450 Posts
| Quote:
Originally Posted by Iceman-19  Lol I wish my monthly expenditures was only 700. | Isn't it $1700? He saids he spends the rest, so ($2300 - $600 savings = $1700).
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10-11-2012, 09:43 AM
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#7 | | I answer every Emotion with an emoticon
Join Date: Jul 2006 Location: V
Posts: 7,849
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I save about 55-60% of my after tax pay cheques. Still living at home at 26 saving up for down payment but still longggggggg ways to go in Vancouver.
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10-11-2012, 10:21 AM
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#8 | | Need my Daily Fix of RS
Join Date: Feb 2010
Posts: 261
Thanked 119 Times in 40 Posts
| Quote:
Originally Posted by Spoon Isn't it $1700? He saids he spends the rest, so ($2300 - $600 savings = $1700). | actually i only have $1000 to spend.
$2300 - $600 savings - $700 monthly expense.
now i am thinking of putting some of my money in savings.
with the savings account % rather low now..
where do you guys put your savings?
(scotiabank offers 1.2% annual interest in savings account - but must be $5000 and up).
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10-11-2012, 10:22 AM
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#9 | | I *heart* Revscene.net very Muchie
Join Date: Jun 2004 Location: Melbourne
Posts: 3,963
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~15-25% of take-home pay when I had a mortgage
~65%+ of take-home pay after I sold the place
~90%+ of take home pay after I moved back home this month.
Not looking forward to going back to school F/T in 5 months. 
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2013 Lexus IS350 F-Sport (Melbourne) | |
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10-11-2012, 10:27 AM
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#10 | | Revscene.net has a homepage?!
Join Date: May 2008 Location: vancouver
Posts: 1,243
Thanked 1,619 Times in 378 Posts
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alone my bills are 2000 a month,
I spend the rest on food and car,
I save nothing,
if I lived at home and didnt have to pay a mortage, id be filthy rich
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10-11-2012, 10:59 AM
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#11 | | Diagonally parked in a parallel universe
Join Date: Apr 2005 Location: Vancouver
Posts: 1,424
Thanked 481 Times in 138 Posts
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Monthly income 1800$ after tax
First saving account: $900
Mutual fund: $200
expense: $550
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10-11-2012, 03:54 PM
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#12 | | I subscribe to the Fight Club ONLY
Join Date: Apr 2004 Location: BC, HK, USA
Posts: 7,342
Thanked 2,344 Times in 972 Posts
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i don't save nothing.
I pay
Rent at home at 600
car insurance 100 a month
phone bills 80 bucks
gas for car, say 200 a month
car payments 500
groceries approx 150 a month
i donate a lot to charities / organizations / church
my monthly fixed expenses are 2500 + credit card which is about 1500 a month
so yeha 3000 ish is my monthly expenses.
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10-11-2012, 04:04 PM
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#13 | | MOD MOD MOD MOD MOD
Join Date: Dec 2003 Location: vancouver
Posts: 5,848
Thanked 3,511 Times in 1,156 Posts
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i save rougly 60-65%, this month is quite difficult tho.
__________________ Quote: | [03-07, 03:26] Yodamaster - The feeling when you quickly insert without hitting the sides | | |
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10-11-2012, 04:11 PM
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#14 | | My homepage has been set to RS
Join Date: Oct 2010 Location: Burnaby
Posts: 2,025
Thanked 1,079 Times in 368 Posts
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It's really difficult for me to save money. I'm a bit jealous of the kids who get to stay at home for free. If you're one of those, then take advantage of it while you can!
I save about 500 a month if I'm lucky.
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Electrician.
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10-13-2012, 08:39 AM
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#15 | | Rs has made me the man i am today!
Join Date: Apr 2004 Location: Vancouver
Posts: 3,073
Thanked 69 Times in 47 Posts
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On average for the last 4 years I spend about $15k a year...no rent
Now add an annual mortgage and taxes of $16k then I'm spending $31k a year...
As long as I make above that I am good...after tax, ei and cpp of course
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10-13-2012, 08:57 AM
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#16 | | MiX iT Up!
Join Date: May 2006 Location: vancouver
Posts: 8,133
Thanked 2,066 Times in 865 Posts
| Quote:
Originally Posted by 6793026 i don't save nothing.
I pay
Rent at home at 600
car insurance 100 a month
phone bills 80 bucks
gas for car, say 200 a month
car payments 500
groceries approx 150 a month
i donate a lot to charities / organizations / church
my monthly fixed expenses are 2500 + credit card which is about 1500 a month
so yeha 3000 ish is my monthly expenses. |
im a lot like you in the sense i have the same expenses different amounts but i'm able to save $100/mo before it was $50/mo.
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10-13-2012, 01:26 PM
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#17 | | reads most threads with his pants around his ankles, especially in the Forced Induction forum.
Join Date: Mar 2004 Location: Vancouver
Posts: 10,645
Thanked 2,191 Times in 1,131 Posts
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Lucky for you guys.
I live at home but pay rent and take care of the bills so that's around 1200 give or take
Then there is the property tax, personal inscurance, RRSP and about 8k debt I am paying off right now.
Saving = 0 =_= hopefully by early next year I can pay off the debt and start saving.......
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10-13-2012, 01:27 PM
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#18 | | I want to be a person and not an icon.
Join Date: Jan 2010 Location: Mugello
Posts: 4,179
Thanked 5,286 Times in 892 Posts
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I save in the negatives.
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10-13-2012, 03:57 PM
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#19 | | Willing to sell body for a few minutes on RS
Join Date: Apr 2011 Location: North vancouver
Posts: 12,085
Thanked 31,162 Times in 7,154 Posts
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I'm saving basically nothing about $2700 after tax a month, although, I racked up a bit of credit card debt when I quit my job and have been putting about 500 per month into that
Rent is $700, a bit of money for pet insurance, 500 into cc debt. That means basically 1400 goes to food, booze, clothes, gas, car parts, tattoos, etc.
I saved TONS when I was living at home. Managed to save about 50k in 2 years making slightly more than I make now (it was in edmonton) and put it all down on a condo and then some. Still own the condo and the mortgage, strata fees, and tax are all covered by the renters. Once the card is paid off I will set a goal to save about 3-400 a month, and add 100 or so to the spending money. I also have about 20k in tsfa's but refuse to use it to pay off the card because of my horrendous spending habits. I have a very serious problem of seeing empty space on the card and thinking its free money, so I'm forcing myself to take the wasting money on interest route to teach me a lesson I should have learned 5 years ago even though its a poor financial decision, I'd like to call it an investment into my financial education, so I stop spending like an idiot.
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10-13-2012, 09:29 PM
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#20 | | Say! Say! Say!
Join Date: Aug 2005 Location: Japan
Posts: 15,242
Thanked 3,215 Times in 1,398 Posts
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Going to Asia in January, so I'm saving around 1000 a month at the moment.
Usually I have no savings.. 
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10-14-2012, 10:34 AM
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#21 | | RS has made me the bitter person i am today!
Join Date: Apr 2002 Location: In your head
Posts: 4,591
Thanked 376 Times in 176 Posts
| Quote:
Originally Posted by 6793026 i don't save nothing.
i donate a lot to charities / organizations / church
| If you can't afford to save, then maybe you shouldn't donate so much.
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10-14-2012, 11:00 AM
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#22 | | '
Join Date: Apr 2010 Location: Vancouver
Posts: 4,663
Thanked 6,557 Times in 1,111 Posts
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Monthly income $2800~ depending on how much I work.
$1500 automatically goes into my savings at the end of the month. Before I put in $700 every month when I didn't need to go to school. (bad idea)
Rest if the money is usually spent on rent (even though I'm still living at home), bills, food, going out, toys, clothes.
At the end of the day I'm still not saving much cause all of my savings money go towards tuition  but I guess I don't have to spend the rest of my money but I'd have no life if I didn't spend it.
But when I get out of school in two or so years it would be awesome when my savings money actually builds up  Posted via RS Mobile | |
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10-14-2012, 05:31 PM
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#23 | | I subscribe to the Fight Club ONLY
Join Date: Apr 2004 Location: BC, HK, USA
Posts: 7,342
Thanked 2,344 Times in 972 Posts
| Quote:
Originally Posted by DaFonz If you can't afford to save, then maybe you shouldn't donate so much. | sorry. donations are top priority for me, same as volunteering etc. eg// people say they are "busy" and they don't have time to volunteer. I have never ever volunteered and then came home and said I wish I didn't volunteer cause I don't have enough time. Facebook, surfing, sitting in front of my cpu gaming will never be top of my list. Donation is the same; I've never donated "too much" where I'm broke. I still find ways to scrap by and help others along the way.
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10-15-2012, 04:44 PM
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#24 | | Need my Daily Fix of RS
Join Date: Feb 2010
Posts: 261
Thanked 119 Times in 40 Posts
| Quote:
Originally Posted by 6793026 sorry. donations are top priority for me, same as volunteering etc. eg// people say they are "busy" and they don't have time to volunteer. I have never ever volunteered and then came home and said I wish I didn't volunteer cause I don't have enough time. Facebook, surfing, sitting in front of my cpu gaming will never be top of my list. Donation is the same; I've never donated "too much" where I'm broke. I still find ways to scrap by and help others along the way. | i hope your donations give you tax receipts, so you can claim during tax time.
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10-15-2012, 04:53 PM
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#25 | | MOD MOD MOD MOD MOD
Join Date: Dec 2003 Location: vancouver
Posts: 5,848
Thanked 3,511 Times in 1,156 Posts
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I have nothing against donations or anything of that sort... I donate as well to various organizations/charities.
However do you not feel the need to build a small nest egg for "just in case" time?
__________________ Quote: | [03-07, 03:26] Yodamaster - The feeling when you quickly insert without hitting the sides | | |
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