[erithwc]

what percentage do you take as a wage im looking at changing my weekly wage so that their is enought money in the bank for 4-5 weeks holiday per year plus more money reserved extra expenses. i was thinking about 50-75% of money earned.

[Dave Anderson]

I cannot really put a figure on it as the income varies..

But I do it this way..

On the 24th of each month I work out the VAT (19% here) put that into the tax account.

Then housekeeping money of x amount is transferred to g/f account.
Then the amount needed to run the business i.e fuel, insurances vech taxes etc whatever is transferred to 'running' acc.

Then with what ever remains is broken up into 70%/30%...70% into savings and 30% into Tax account.

[dai]

what percentage do you take as a wage

All of it at the moment.

[chopsie]

150-200%