What percent of my monthly earnings should I have in savings?

Dependent on your age, but as a general rule if you save 10 percent of everything you make and put it in a Roth IRA, you will be fine. Note: This is after tax dollars. I personally like this approach as you never know what congress will do and what the tax rates will be say 20 to 30 years from now.

For more information you can check www.clarkhoward.com (lots of info here.)

Your savings should be equal 6 months of living expenses (food, mortgage/rent, clothes, insurance, utilities, etc) in case you lose your job you will have a safety net. After you have that much saved you should fully fund your retirement account (IRA/401k).

i have always heard that you want to keep 6 months worth of your pay in an account incase anything goes wrong. but every month if you can put away 20% your doing great.

Ten persent needs to go to Charity, and ten persent into savings.