I personally prefer the 50/20/30 method, and I did some searching and I can't find the answer in how people divvy up the 20% savings. So, right now; I put 10% into my 401k w/ my company matching 6%. I aim for 20% plus of my take home going directly to other savings; but I didn't know if most people take (for instance my 10% into 401k) and apply that to the whole 20%, meaning I really only need to focus on 10% saved from my take home pay.
I have 5 months worth of emergency fund; no credit card debt, only a tiny car loan, a mortgage, and a large enough salary.. for some frame of reference. Really curious how people handle "saved" from their take home paycheck after 401k contributions and if they apply that % to the overall 20% if they follow the same rule. Much appreciated!
Submitted May 28, 2017 at 11:04AM by 110110 http://ift.tt/2s3YMHh
