Adding savings rate on finance request format?

[staythecourse]

Not sure what we call the link that we ask folks to follow when they ask for advice on their personal finances, but think we should add another line asking how much one saves. This could simply be the % of gross saved.

Many papers have shown savings rate is MORE important then even asset allocation yet we don't even inquire about it when answering folks financial questions.

What do folks think?

Good luck.

[sscritic]

Why do we want to know about your fiancé?

Oh, I just got it. You are filling out a fiancé request form, so you need to tell him how much you are saving. Saving is very attractive to the other sex.

[staythecourse]

Why do we want to know about your fiancé?

Oh, I just got it. You are filling out a fiancé request form, so you need to tell him how much you are saving. Saving is very attractive to the other sex.

Good catch!!

[livesoft]

A problem is that people define savings rate many different ways.

You got your numerator to which some folks might add payments to mortgage principal and employer 401(k) match and you got your denominator to which some folks will subtract payroll taxes and health insurance premiums.

Plus a whole bunch of other stuff for both the top and the bottom. But the standard request does ask for future annual contributions.