That’s right, folks, with my retirement accounts maxed out, I am saving 50% of my net income (after taxes, health insurance, parking etc.)
Of course, this would be a lot more impressive if we weren’t spending the bulk of DH’s monthly income… sure, we’re maxing out his retirement too but he’s only got the one account and it doesn’t have the best match in the world. There was time when we were saving a much larger percent of our joint income, but now we make more and spend a lot more.
Also mind-blowing: If I made more money, then I would be taking home more than I could save for retirement. Because retirement is maxed out. (I wonder if this means I should turn it all to Roth instead of Traditional so I can get those last drippings of retirement savings even if it means my taxes this year go up… a difficult decision problem.)
But still, when I got my first paycheck stub for the year (I *heart* getting paid!) I thought that was a pretty neat thing– once you include the employer match, I’m putting away almost exactly what is going into my savings account.
I love money so much. It provides so much security. So much opportunity and possibility. You can spend it too, but my favorite thing about it is that I no longer have to worry so much about most things. If DH loses his job or I get sick of mine, we’ll be fine, at least for a while. We can’t retire and continue to live the life to which we’ve become accustomed, but we could take a chance that required us to stop saving for retirement for a while. We still can’t buy a house in Paradise, but we could rent one, at least for a while.
This message brought to you by the first paycheck of the school year (and the first full paycheck in over a year!). Being paid is so much more awesome than not being paid!
Do you like getting paid? Do you have any humble-brags about money you’d like to share?