Calculating our savings rate and realizing how much we’re not yet saving

ski shadow family

I’ve been meaning to calculate my savings rate and finally got down to it: 29%. Eh. I thought it would be more, but I’m maxing my 401k and the kids college will be funded by real estate.
I haven’t yet calculated my husbands, but I anticipate his is about the same but with a few differences, like funding our HSA. 
We’re working to pay down debt, so our savings rate will remain flat for the foreseeable future (three mortgages!).

Here’s the breakdown:

  • 401k: 15% (*just reduced to 13% due to bonus)
  • Employee Stock Purchase Program: 8%
  • FSA: 4.4%
  • 529: 1% – this is just sad
  • Roth IRA: 1%

I wonder what our debt paying rate is? I’m not sure what that’ll tell me, but it will be interesting to calculate. It also varies based on other household spends like kids activities and household repairs. And skiing.

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