Just did my first monthly recap in my BBP workbook, was wondering how others track their percentage of income saved if they have 401(k) or other pre-tax investments. I understand the “where did my money go” worksheets and have accurately accounted for the percentage of my after tax dollars that went into various savings (4%). However, for my paycheck bill tracker I use the amount that’s direct deposited into my checking as my “income”. This is of course after tax, after social security, insurance, 401(k) etc. So, the 6% I’m currently contributing to my 401 (k) is outside of that amount and would not make up part of the 100% my “percent of income” column tallies up to on the recap. The way I handled it this month was: I added the 6% from my contribution amount to the 4% my other after-tax savings came out to and just ballparked it at 10%. I know this is a rough estimate doing it this way. Also, my % of income column still only reflects 4% since its dealing with my after tax income. But I’m just making a note of the total savings separately, because I’ve made a goal of a certain percentage during the year going to a combination of all my savings/investments. Maybe I’m over thinking it. Anyone else have a different way of tracking this?
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