What is salary vs. take-home pay?

Your salary is your before-tax income.

Your take-home pay is the amount of money you bring home in your paycheck, after things like current savings and taxes are taken out.

When we suggest that you save 20% of your income, we are referring to your pre-tax (gross) salary.   

Was this article helpful?
0 out of 0 found this helpful
Have more questions? Submit a request