Personal Development for Smart People^TM Forums

keif · 12-16-2011, 11:37 AM

Hello. I read this 10% rule in so many success books. Does this apply to net or gross pay? Thanks!

Mounds · 12-16-2011, 12:31 PM

10% gross, I believe.

I'm not good at explaining why so I'll wait for someone else to do that

GregD · 12-16-2011, 07:24 PM

i just googled 10% rule for you and there are tons of articles about it
here is random one i picked from the top
What is the â€˜10 per cent ruleâ€™? - Your Money | Switzer

chadcharlie · 12-17-2011, 01:57 AM

I apply it to Gross, only because I used to apply my tithing to gross, but I don't think it should matter as long as you apply it uniformly. Just save a % of your money.

Requiem · 12-17-2011, 01:34 PM

Depending on your goals, it's potentially better to save as much as possible. It's a function of income and what your current desired expenses are.

Might as well go conservative and save gross rather than net, but if you can, I'd recommend more than 10%.

Zaphod · 12-20-2011, 11:34 PM

It just depends on how much of a security blanket you want and your willingness to potentially be forced into taking a job you don't want. I currently save somewhere around 40%. Spending more wouldn't enhance my lifestyle much.

Books · 12-21-2011, 05:26 AM

I aspire to give 10 percent of my money to Charity. She's this really attractive dancer I met recently.

It seems like 10 percent of net pay is a good goal. Do whatever works for you.

12-16-2011, 11:37 AM	#1 (permalink)
keif Junior Member Join Date: Apr 2011 Posts: 28	Save ten percet of pay rule Hello. I read this 10% rule in so many success books. Does this apply to net or gross pay? Thanks!

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12-16-2011, 12:31 PM	#2 (permalink)
Mounds Family Member Join Date: Oct 2009 Posts: 3,853	10% gross, I believe. I'm not good at explaining why so I'll wait for someone else to do that

12-16-2011, 07:24 PM	#3 (permalink)
GregD Senior Member Join Date: Nov 2011 Location: Belgium Posts: 111	i just googled 10% rule for you and there are tons of articles about it here is random one i picked from the top What is the â€˜10 per cent ruleâ€™? - Your Money \| Switzer

12-17-2011, 01:57 AM	#4 (permalink)
chadcharlie Senior Member Join Date: Oct 2011 Location: New York, NY Posts: 122	I apply it to Gross, only because I used to apply my tithing to gross, but I don't think it should matter as long as you apply it uniformly. Just save a % of your money.

12-17-2011, 01:34 PM	#5 (permalink)
Requiem Senior Member Join Date: Jan 2010 Location: Pennsylvania, US Posts: 176	Depending on your goals, it's potentially better to save as much as possible. It's a function of income and what your current desired expenses are. Might as well go conservative and save gross rather than net, but if you can, I'd recommend more than 10%.

12-20-2011, 11:34 PM	#6 (permalink)
Zaphod Senior Member Join Date: Jan 2010 Posts: 205	It just depends on how much of a security blanket you want and your willingness to potentially be forced into taking a job you don't want. I currently save somewhere around 40%. Spending more wouldn't enhance my lifestyle much.

12-21-2011, 05:26 AM	#7 (permalink)
Books Junior Member Join Date: Dec 2011 Posts: 15	I aspire to give 10 percent of my money to Charity. She's this really attractive dancer I met recently. It seems like 10 percent of net pay is a good goal. Do whatever works for you.

Personal Development for Smart PeopleTM Forums

Personal Development for Smart People^TM Forums