If i could save 10% of my income what would you suggest i do exmaple 50% for retirement and?

50% for other such as College fund for kids, Family vacations, and rainy days or should I divide them all equily into 1/4. what do you think?

If you're still 20 or younger, and you save 10% a week and invest it in stocks or mutual funds, you could conceivably become a millionaire by the time you're 50 or maybe sooner.

I didn't crunch the numbers, but if you amortize that amount for that long you could clean up !!

Great idea, but can you keep it up? That's the hard part. When you're young it's easy to save some and then it's tempting to spend it on something fun. If you keep up the savings and investments you'll deserve to be a millionaire.

Good luck !

25% retirement
25% college funds
25% vacations/rainy days
25% emergency (lay-off work--home repairs)

We take 50% and stash it

The other 50% is spent on fun stuff. Last year we bought a 20" iMac.

Look at your future goals and decide how best to same your money. Putting money into an IRA or 401(k) should be a priority for the tax savings as well as saving for retirement. But it's also a good idea to have a liquid savings account with several months worth of income in the event of an emergency. As that savings grows you can always convert some of it to longer term investments like CDs or mutual funds.

If you're younger (as in your 20's), I would make a regular savings account your priority. But really your best solution would be to talk to a financial planner who can lay out a whole spectrum of investment opportunities as well as help you realize specific goals.

6 months in cash/short term investments for emergencies. After that it's really up to you. How much do you want for retirment? How much for college funds? Consult a financial advisor to help you reach your goals.

Put 100% into investment property.The additional revenue can help with college funds, family vacation. The building of this business is the constant reinvesting of the 10% of your salary and the profit from buying and selling property (not the rent).

50% towards retirement is ALWAYS a good idea.

As far as the other, it depends. If you have ANY credit card debt or car debt, I'd put 25% towards accelerating the pay off of those and the other 25% towards a savings account that simply accumulates for house repairs, vacations, etc...and never pull out more than half of that for anything.

I'd suggest saving 10% of your income strictly for retirement.

I'd suggest saving for those other things, but not at the expense of retirement funding (unless you've got some other retirement nest egg available to you).

I would divide 1/4 for each and promise myself that each year I would increase the amount from 10% to a higher amount, I always went up half my annual raise. If your pay goes up 4%, then start with 12% of your total income and 1/4th to each category. I have done this with my 401k and am now at 15% just to that. I used to put an extra $20 per month on my mortgage each time I got a raise. I received 7 raises in 4 years and ended up putting $140 a month extra on the house and never felt it. Ended up with quite a bit of equity when we sold the house.