I know it varies, since everyone’s income and bills are different, but how much are you all setting aside each week, month, or year toward investments or retirement?
I’ll go first! I put the max $23,500 a year in my 457b plan, either before or after taxes. I also have a Roth IRA with Vanguard, and I max that out with $7,000 on January 1st. Anything else goes to my Fidelity brokerage account.
I’m averaging about $2,500 a month this way.
$700 weekly, $2800 monthly, so around $33,600 a year.
Rin said:
$700 weekly, $2800 monthly, so around $33,600 a year.
That’s awesome!
Rin said:
$700 weekly, $2800 monthly, so around $33,600 a year.
That’s huge! If you keep that up for 10 years, you’ll be set.
Around $8-9k a year. My salary’s just over $58k before taxes.
I try to put in every spare penny.
Andi said:
I try to put in every spare penny.
Why not invest 100% of your income? Easy peasy.
Andi said:
I try to put in every spare penny.
Why not invest 100% of your income? Easy peasy.
I set my max contribution at my part-time job to 75%, so after taxes and all, I’m left with like 2-10 cents. 
Andi said:
I try to put in every spare penny.
Why not invest 100% of your income? Easy peasy.
Hey, I said as much as I can!
I aim for 30-40% by maxing all retirement accounts and putting extra into a taxable brokerage.
Andi said:
I try to put in every spare penny.
Pretty similar here. My spouse and I work in separate fields and have a $200k HELOC ready if we need it. Right now, we keep cash for immediate needs, and the rest is invested.
Andi said:
I try to put in every spare penny.
Same here! I’ve had to move cash from savings to checking because I kept investing too much. Gotta pace myself a little.
I make about $3k monthly and, after my car loan and $700 for insurance (ugh), I’ve got around $2.3k left. I try to invest at least $600-800 each month. Mostly goes to a high-yield savings account and my Roth IRA on Robinhood. Just started at 18, and in two months, I’ve got about $2.4k saved up.
What’s your income to put away $2.5k monthly? I make $120k, but I’m only hitting $1k between 401k and IRA.
@Quin
Starting this young is amazing! In 20-30 years, you’ll be in such a great spot. Stick with solid funds like VOO and don’t worry about the dips. Keep going!
Ashton said:
@Quin
Starting this young is amazing! In 20-30 years, you’ll be in such a great spot. Stick with solid funds like VOO and don’t worry about the dips. Keep going!
Thanks a lot! I’ve been looking at stocks like Vanguard and VOO. Might switch to Fidelity eventually, but for now, I’m learning the ropes on Robinhood. I’m focusing mostly on safer investments like Amazon and ETFs but also dabbling in some small companies like renewable energy and cannabis stocks. Do you think I should go all in on the safe bets, or keep a mix of small, hopeful stocks too?
@Quin
You’re doing great so far! Keep most of your funds in established stocks and ETFs, but if you believe in a smaller company, there’s no harm in putting some money into it. I’ve done this myself; some paid off, some didn’t. Just keep learning and don’t invest more than you’re comfortable losing.
@Ashton
Thanks again! I’m keeping small amounts in those stocks just to see if anything hits big. Worst case, I lose a bit. I’ll keep learning as I go.
My contributions vary, but here’s the breakdown:
I end up with about $4,000 each month on average, sometimes more with the quarterly vests.
@Jai
That’s a solid match!