Quote:
Originally Posted by E150GT
Also,I know I should save as much of my paycheck as I can, but haow much percentage of one paycheck is pretty respectable to contribute to savings? Say 10%?
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If you can swing 10% that's downright respectable. I have 8% directed to my 401k, which is actually a tad bit high for my budget, only because the company matches it up to 8%. I'd hate to leave money on the table considering the long-term compounding implications.
My credit union's savings rates are fairly piddly but there hasn't been much extra due to our expedited debt reduction plan. Once it's gone in a few more months I'll have to pay it more attention.