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What is your household salary tipping point for savings?

Asked by JLeslie (65452points) April 15th, 2019 from iPhone

I’m not asking what you actually make. I’m asking how much money do you need to make gross income to put the rest in savings.

Example: you currently make household income $50k. If you made more money you would move to a nicer house, so let’s say you need to make $80k to afford that house. That house you will stay in for a while. You would like to spend a little more on vacations, so you decide $90k is the breakpoint. Everything over $90k you will save.

Example 2: you make $150k and your expenses are only $70k a year, and your happy with that. Your tipping point might be $90k (because of taxes). So you are already over your tipping point, but you don’t need to reveal that to us.

You don’t need to reveal your current income or if you are currently under or over your breakpoint. That’s up to you.

It does not have to be regarding your cost of living today, but rather how you want to live within reason. I’m not thinking yachts and vacations to Monaco every year.

Let us know if your married, kids, where you live.

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