How much do you save?

Jan 29, 2018 235 Comments

I've always been pretty frugal, here are my numbers:

Salary: I save $4k per month ($8k net - $2k to rent, $2k for spending)
Stock: I sell all of it as it vests and reinvest w/wealthfront ($6k per month)
Bonuses: Save half (about $10k) rest is for vacation s.

Go!

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TOP 235 Comments
  • Microsoft / Eng peopleplz
    I wish I worked at FB. Your $10k monthly savings are my total monthly take home pay. After tax of course.
    Jan 29, 2018 12
    • Facebook BlahDeBlah
      I have a family (wife and kids) and am practically paycheck to paycheck. $7k/month goes to bills. I save $600/month.
      Jan 30, 2018
    • Oracle Mark Bird
      @RabdomLurk, folks like us don’t post on threads like these 😃.

      Don’t worry, you aren’t alone.
      Jan 31, 2018
  • Tableau / Eng Johnny27
    "Go!"...wait, is this a race?
    Jan 29, 2018 3
    • Microsoft / Eng AssWiggle
      There is always a race in the tech world. Welcome to the shit show
      Jan 29, 2018
    • Microsoft / Eng MangoMilk
      You mean a rat race?
      Jan 30, 2018
  • LinkedIn Onabeach
    Total yearly comp 360k. Taxes 120k. Mortgage, daycare, food, cars, vacations etc 120k. Savings 120k.

    Roughly speaking.
    Jan 29, 2018 9
    • LinkedIn Onabeach
      No - if you live in California. If you live in say Washington state, your effective tax rate for married filing jointly on an income of 300k would be around 22%.

      Check the calculator link that I posted above.
      Jan 30, 2018
    • Microsoft Satya007
      What level you map to at Microsoft? Partner?
      Feb 2, 2018
  • Amazon / Sales
    amzn_

    Amazon Sales

    BIO
    AWS
    amzn_more
    You vest stock monthly? I save about $4k/month from salary and have a side ecomm business that nets about $4k as wel that I don’t touch, so all in all $8k/month.
    Jan 29, 2018 9
    • Simple: he buys from China, fulfills through Amazon when customer orders, Amazon automates his sales/shipments/reports/payments, he passively sees money roll in, makes tweaks to titles and descriptions of products to boost search rankings, kaboom! Goes into work at AWS and makes shit happen.
      Jan 31, 2018
    • Lol..why would OP reveal details on 4k/month income?
      Feb 1, 2018
  • Salesforce iEmu37
    Save between 401k, Roth IRA, HSA and taxable accounts at ~82,000 per year, not counting RSU (future house down payment @ 150-300k, however stock decides to go).

    Current net worth is now past 600,000

    I hope to get into multi millions in the next decade, that is with a conservative 10 year yoy average of 5% gains per year.

    My future self will thank me for the option not to work, whether it’s by choice or not.
    Jan 29, 2018 8
    • Daimler / Eng Das Boot
      Sorry for the noob question, but isn't a backdoor Roth good for folks who pay lower taxes now vs later? I you're banking on making more later?
      Jan 30, 2018
    • Microsoft hoodi
      It's still tax advantaged so usually people max out pretax 401k first then megabackdoor Roth. Also no tax penalty on withdrawing contributions means it's almost as liquid as an after tax brokerage account
      Jan 31, 2018
  • Credit Karma Hyehsdf6$
    While I for sure applaud you for being frugal, it’s pretty easy to save money when you net that much. I have friends who have raised large families on far less in major metro areas — that’s when the rubber really hits the road.
    Jan 29, 2018 2
    • Facebook xcyD82
      OP
      It is a lot, I agree. I actually never thought I would earn close to it.
      Jan 29, 2018
    • Nike / Ops sq1713
      Anybody can save something at any income level. www.daveramsey.com
      Jan 30, 2018
  • Amazon senTryB@5
    I have no idea how you guys are doing it. I get 4.8k after tax (California sunshine tax). 1.5k rent, 1.5k auto loan and insurances. Food phone and shopping - another 1k. I save about 600$ max :/
    Jan 30, 2018 15
    • Intuit tgap
      It could be worse, you could be stuck with a Mercedes instead of a Tesla.
      Jan 31, 2018
    • Facebook / Eng instandidl
      On the plus side, electric cars are environmentally friendly.

      You should try to sell the remainder of the lease/loan and get a cheaper car tho. Will grant you a lot of financial freedom.
      Jan 31, 2018
  • Credit Karma VeganBacon
    Net around 5k a month, 1700 to rent and 2300 on other expenses. Yea I spend too much 😕. So I save 1k a month, fml. I need not to travel so much but YOLO
    Jan 29, 2018 4
    • Credit Karma lazy
      That rent is super cheap for SF
      Jan 30, 2018
    • Credit Karma VeganBacon
      Yes I have roommates. I might be moving to a studio soon though , so rent could change to 2300 😬
      Jan 30, 2018
  • Microsoft / Eng AssWiggle
    2k on spending? Where do you live?
    Jan 29, 2018 4
    • Facebook xcyD82
      OP
      That is aside from rent (covered in the OP)
      Jan 29, 2018
    • Google / Eng
      zQgN83

      Google Eng

      PRE
      LinkedIn
      zQgN83more
      2k seems on the lower end if you're taking into account car costs. Good job! I live in SF and average $2k of spending too.
      Jan 31, 2018
  • Microsoft MIta60
    I saved $75k last year on 170k TC
    Jan 29, 2018 2
    • Amazon 2nd best
      How is that even possible? With 170k TC, I think you would be getting a Max of 120k after taxes. To save 75k, you need to live on 3.5k per month. Which is very hard, probably possible if you are single.
      Feb 4, 2018
    • Microsoft MIta60
      Well 27k of that was 401k, also I switched from Amazon -> Microsoft, got my 15% amazon stock vest for ~17k after taxes and saved it all, and got a 13k Microsoft signing bonus after taxes and saved most of it, too. The other ~20k was just saving base pay at Microsoft.
      Feb 6, 2018

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