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What do you all think is the optimal ratio between take-home pay and expenses?

For me, my "expenses" would be counted as:

- Housing/utilities
- Cars/car insurance (this includes "toy" car)
- Food (groceries, not eating out)
- Cell phone
- Gas

I am 25, single. Have a pretty good income for my age.

Right now I am spending 50% of my income on the above. The rest is there to save, eat out, vacation, buy useless things, invest, etc.

Do you think that is a good ratio? What's yours?
 

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good... you're 25. enjoy life
 

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I think 50% left over is pretty high. This changes depending on your age, but when I was 25, I was paying more than 50% just on a mortgage. I was happy if at the end of the year I could put 10-15% in retirement.
 

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Always pay yourself first. Save 10% of everything you ever earn. Trust me.
 

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i'm a zygote and i like bunnies.

don't really have any expenses but i'm filthy rich.
 

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Rob, I didn't know we were so close in age! I think you're just fine. I am right around 50% as well but that all changes when I close on my condo in May.
 

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my recent mortgage just sent my percentage way down also LOL
 

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I'm right at 50% but that includes near-maxing 401k and maxing roth ira every year. Can't go wrong by doing both. I usually save what I can after that for stocks and eventually a house (very pricey here :()
 

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I think 50% is high. People tend to buy whatever they "need", such as housing, cars, whatever and then just let the rest accumulate in their bank accounts. I am for investing some of the remainder, if not on property, then something else :p


Well, I shouldn't talk, since I pretty much spend all my money as soon as I get it :)
 

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I'm right at 50% but that includes near-maxing 401k and maxing roth ira every year. Can't go wrong by doing both.
You haven't looked at your statements lately, have you? -poke-
 

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I'm really not sure what mine is, I have my butler take care of it all for me.
 
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