Poll: What percentage of your income do you save? Thread poster: ProZ.com Staff
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Adnan Özdemir 
Türkiye
Local time: 09:10
Member (2007)
German to Turkish
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| I have a new house... | Dec 31, 2010 |
And I must spare 45-55 % of my income for 2 years.
Saludos desde Anatolia
Anadolu'dan selamlar
[Edited at 2010-12-31 11:16 GMT]
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Textklick
Local time: 07:10
German to English
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In memoriam | Save or invest? | Dec 31, 2010 |
The word is 'private pension'...
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Adnan Özdemir
Türkiye
Local time: 09:10
Member (2007)
German to Turkish
+ ...
Hi Chris,
To invest a house is tambien private pension i think. imho
Saludos
[Edited at 2010-12-31 13:58 GMT]
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Michael Harris
Germany
Local time: 08:10
Member (2006)
German to English
Do you mean save as in not spend it, or save as in put it aside to spend when needed?
My accountant says 1/3 wages, 1/3 tax and 1/3 company payments.
My wages, mostly for my property and al lot for my private pension and then the rest...
It is nothing that I can say that are savings though, just making sure that everything runs well when I am retired
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John Cutler
Spain
Local time: 08:10
Spanish to English
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| Probably 10-15% | Dec 31, 2010 |
I always had trouble saving then I finally started an account that automatically transferred a certain amount every month to a separate savings account. It was really the only way to set some money aside; otherwise, the money just seemed to go continually for one thing or another. The basic idea is that the money will be for retirement, but it also never hurts to have a rainy day fund.
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neilmac
Spain
Local time: 08:10
Spanish to English
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Best laid plans again. Never been able to save. Every time I think I have enough put aside for some purpose, something else crops up to devour the cash ... and it's back to square one.
I have no pension savings or scheme either and it's too late to start, but as long as my bills are paid and I have no debts, I'm reasonably happy.
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Textklick
Local time: 07:10
German to English
+ ...
In memoriam
Adnan Özdemir wrote:
Hi Chris,
To invest a house is tambien private pension i think. imho
Saludos
[Edited at 2010-12-31 11:52 GMT]
Not sure about that. What do you want to do - rent it out/sell it when you retire?
I've got the house. I want the pension so I can pay the heating bills if the temperature hits -40 degs. when I am 90!
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Adnan Özdemir
Türkiye
Local time: 09:10
Member (2007)
German to Turkish
+ ...
Textklick wrote: Adnan Özdemir wrote:
Hi Chris,
To invest a house is tambien private pension i think. imho
Saludos
[Edited at 2010-12-31 11:52 GMT] Not sure about that. What do you want to do - rent it out/sell it when you retire? I've got the house. I want the pension so I can pay the heating bills if the temperature hits -40 degs. when I am 90!
I am living in Turkey, the population grows, i think it for rent in my older life.
You are true too imho. Important is in which country we live.
Saludos
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neilmac wrote:
Best laid plans again. Never been able to save. Every time I think I have enough put aside for some purpose, something else crops up to devour the cash ... and it's back to square one.
I have no pension savings or scheme either and it's too late to start, but as long as my bills are paid and I have no debts, I'm reasonably happy.
... though the big difference is that I do have a pension scheme. But, like you, every time I put money aside, something happens (in general my children...) and there it goes!
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Sheila Wilson
Spain
Local time: 07:10
Member (2007)
English
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| I've already put money aside for rainy days | Dec 31, 2010 |
Now, at 55, I'm afraid there may not be enough rainy days to use up all those savings! I certainly didn't earn it all just to leave it to the kids so I'm enjoying spending some now.
I'm using all spare cash to invest in an easier retirement:- a lovely kitchen, good insulation around the house, a cheap and efficient heating system (cheap to run, that is - incredibly expensive to install), a new, non-guzzling car etc.
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| Does paying down debt count? | Jan 2, 2011 |
I built up some debt 3-4 years ago remodeling parts of my house. Long story. My first priority is paying it down so I won't have the burden - or the interest - to worry about.
Also, my spending habits have improved enormously. For example, I "saved" money by not buying new clothes for a long time, even when going on a trip. I don't succumb to impulse purchases. No more massages. I have cut my telephone bill to one-sixth of what it used to be.
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