What % of income are you saving post-baby?

[czarcasm]

What percent of income are you saving (or realistically planning to save) post-baby?

[karinothing]

Do you mean saving like into a general cash savings account? Or with retirement and the like?

[ijack]

we're in the process of re-working our budget right now so I'm not really sure.

[czarcasm]

Jan 4, 2013 10:59:45 GMT -5 karinothing said:

Do you mean saving like into a general cash savings account? Or with retirement and the like?

General savings excluding retirement

[HoneySpider]

Not sure yet since we haven't picked a DC and that will affect it....but it will be a lot less than we are now.

[karinothing]

Jan 4, 2013 11:03:21 GMT -5 czarcasm said:

Jan 4, 2013 10:59:45 GMT -5 karinothing said:

Do you mean saving like into a general cash savings account? Or with retirement and the like?

General savings excluding retirement

Oh ok. Well, then 11% of our gross, but we are hoping to save more this year! I would like to bump it up to 20%

[h]

Does money for the kids' college count? What about savings that is not in a designated retirement account but that we intend to use for retirement?

We already have a good amount of cash saved to cover emergencies or short-term needs, so basically everything we save now goes into long-term investments that we intend to use for college or retirement. The amount that we save in non-401(k) accounts totals hovers around 20%, but it will go down to closer to 15% when kid #3 arrives.

[matildasun]

Not much right now, because I am at home. We have managed to add a bit more to our e-fund, put some money away for college, and set some aside for a family bike. When I go back to work in a year or two we will save more.

[bunch]

General savings - 0. We do save aggressively for retirement and contribute to dds 529. We're happy with our efund.

[czarcasm]

Jan 4, 2013 11:13:11 GMT -5 h said:

Does money for the kids' college count? What about savings that is not in a designated retirement account but that we intend to use for retirement?

We already have a good amount of cash saved to cover emergencies or short-term needs, so basically everything we save now goes into long-term investments that we intend to use for college or retirement. The amount that we save in non-401(k) accounts totals hovers around 20%, but it will go down to closer to 15% when kid #3 arrives.

Whatever you consider savings - outside of traditional retirement accounts (401k, IRA, etc).

[ssmjlm]

It is around 8%. That may change with dc but we hope to keep saving the same.

[aspentosh]

Around 12% or a little more for general savings.

[SusanBAnthony]

It has been zero. I fact we pulled money out of savings for our move. Now that we are through Christmas, on paper it should be 20% but that is for months with no extra expenses like twice a year when car insurance is due, or if we get medical bills. I am guessing we will be lucky to hit 10% in reality. We would really like to increase it to 20% though, bc we need to have down payment funds, increase savings for efund, and save for a new car to purchase in the next year or so. Blech. Then once we get though all that, we still will need to furnish said new house. Then I am hoping we can start to tackle college savings. Barring other disasters.

If I went back to work and we saved my whole take home after daycare, we might be able to save an additional 1500 a month. Not sure if it is worth it. I am leaning towards not worth it.

[Deleted]

We're happy with our efund and retirement contributions. Haven't looked seriously at 529 savings yet; h's dad is visiting in 2 weeks and we should clear up the idea that he's paying for college then (hopefully he is!). We're saving a minimum of $300/ month for a new car and putting $800/ month into savings for January and February before we start paying that in daycare...

[Deleted]

With one, we're at about 8%, with 2 we'll be at about 2%. Two in daycare is going to suck.

I did realize that in 5 years, though, we'll be done with daycare, student loans AND PMI. Then we'll be able to save a decent amount and do our addition.

[everam01]

Not a whole hell of a lot with 2 in daycare. Our financial plan did not include twins, but we're making it work with a bit to spare.

[Deleted]

When we have 2 in daycare, I'm hoping we'll still be able to save at least 12% gross.

[Deleted]

Including 529, approx 15%.

[Deleted]

Zero...we've never regularly saved. We put away money like a chunk of a tax return, bonus for investing but we don't keep a savings account beyond a few grand.

[savannah11]

I figured 21% based on my mint year end totals. I was rather shocked it was that high. I attribute it to a large tax refund (which we've adjusted to not get this year), daycare FSA that we usually get in one large chunk in January, and money given to us by my dad.

If I figured it based on our monthly budgeted income it would be close to 0%.

[Ashley&Scott]

I have no idea. That's not very MM of me.

[discombobulated]

Jan 4, 2013 12:37:52 GMT -5 @iheartcosmos said:

Including 529, approx 15%.

same

[discombobulated]

Jan 4, 2013 12:37:52 GMT -5 @iheartcosmos said:

Including 529, approx 15%.

same

[Deleted]

Somewhere between 5 and 7 percent. It was more like 10% in the interim between when he was born and last month, when we bought a house. I'm hoping to get it back up but it will take some budget redoing.

[dcrunnergirl]

About 15%, including saving for college, building a bigger e-fund, saving for a new car someday, etc. but not including retirement.