Poll: What percentage of your income do you save?
Thread poster: ProZ.com Staff
ProZ.com Staff
Local time: 21:17
SITE STAFF
Dec 31, 2010

This forum topic is for the discussion of the poll question "What percentage of your income do you save?".

This poll was originally submitted by Istiani Prajoko. View the poll results »



Direct link Reply with quote
 

Adnan Özdemir  Identity Verified
Turkey
Local time: 07:17
Member (2007)
German to Turkish
+ ...
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]


Direct link Reply with quote
 

Textklick  Identity Verified
Local time: 05:17
German to English
+ ...
Save or invest? Dec 31, 2010

The word is 'private pension'...

Direct link Reply with quote
 

Adnan Özdemir  Identity Verified
Turkey
Local time: 07:17
Member (2007)
German to Turkish
+ ...
Tambien... Dec 31, 2010

Hi Chris,

To invest a house is tambien private pension i think. imho

Saludos

[Edited at 2010-12-31 13:58 GMT]


Direct link Reply with quote
 

Michael Harris  Identity Verified
Germany
Local time: 06:17
Member (2006)
German to English
Save? Dec 31, 2010

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


Direct link Reply with quote
 

John Cutler  Identity Verified
Spain
Local time: 06:17
Spanish to English
+ ...
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.

Direct link Reply with quote
 

neilmac  Identity Verified
Spain
Local time: 06:17
Spanish to English
+ ...
0% Dec 31, 2010

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.


Direct link Reply with quote
 

Textklick  Identity Verified
Local time: 05:17
German to English
+ ...
Really? Dec 31, 2010

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!


Direct link Reply with quote
 

Adnan Özdemir  Identity Verified
Turkey
Local time: 07:17
Member (2007)
German to Turkish
+ ...
both agree Dec 31, 2010

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


Direct link Reply with quote
 

Teresa Borges
Portugal
Local time: 05:17
Member (2007)
English to Portuguese
+ ...
Likewise... Dec 31, 2010

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!


Direct link Reply with quote
 

Sheila Wilson  Identity Verified
Spain
Local time: 05:17
Member (2007)
English
+ ...
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.


Direct link Reply with quote
 

Muriel Vasconcellos  Identity Verified
United States
Local time: 21:17
Member (2003)
Spanish to English
+ ...
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.


Direct link Reply with quote
 


To report site rules violations or get help, contact a site moderator:

Moderator(s) of this forum
Jared Tabor[Call to this topic]

You can also contact site staff by submitting a support request »

Poll: What percentage of your income do you save?

Advanced search






TM-Town
Manage your TMs and Terms ... and boost your translation business

Are you ready for something fresh in the industry? TM-Town is a unique new site for you -- the freelance translator -- to store, manage and share translation memories (TMs) and glossaries...and potentially meet new clients on the basis of your prior work.

More info »
Protemos translation business management system
Create your account in minutes, and start working! 3-month trial for agencies, and free for freelancers!

The system lets you keep client/vendor database, with contacts and rates, manage projects and assign jobs to vendors, issue invoices, track payments, store and manage project files, generate business reports on turnover profit per client/manager etc.

More info »



Forums
  • All of ProZ.com
  • Term search
  • Jobs
  • Forums
  • Multiple search