In 2014, the highest savings rate I had was 30%, but I just got a COLA raise and in 2015 my employer is putting $600 in my daycare FSA, which given that I spend $9,900 annually on daycare counts as a raise too! So I think I can improve even more in 2015. My budget says I should be able to save 37% but I don't think that is good enough. I am going to aim for saving 40% of my gross income which will require some pretty decent side hustles but also should increase my net worth by 50%. It is a lofty goal, but I think I can do it.
So, what is your 2015 goal? Will you join Money Stepper's challenge with me?