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We're rather aggressive savers, both in dollars and in percent of our income. We are paying off 8% of our mortgage principal this year and more next year, plus maximum 403(b) at 17% of our joint income, maximum Roth and Edu IRAs, and an additional 10% of income into our regular portfolio. The total is about 40% of our pre-tax income, going into reduced debt or long-term and retirement savings.

I'm fairly sure we're saving far more than most people, but we're not denying ourselves anything we want now. Our income has simply gone up quite a bit, and we've used half the increase plus any surplus we don't need to raise our savings rate or cut debt. I'm curious how much other fools are saving and whether they plan a set dollar amount, a fixed percentage of income, or just whatever is left over. How do you decide how much to save?
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