What percentage of your income do you think you should save?

[Imran Noori]

Many financial advisors say that you should save at least 30 percent of your income. But my aim is 50 percent, as long as the rest can sustain me. What percentage do you think should be saved?

I think it depends from person to person, I personally save about one-third of my income.

 

[Bisolami]

There are no hard and fast rules when it comes to savings. You just have to do what you can. But make sure you do it consistently.

Exactly
It is not a must to save all the money that you have made in your lifetime. Just make sure that you save slowly and steadily. Before you know it, your money will be much

 

[bestwriter]

Where I was working the Company saved for us - Providient fund, gratuity, etc. Over and above this some part would go towards buying shares and bank deposits

 

[Bisolami]

Where I was working the Company saved for us - Providient fund, gratuity, etc. Over and above this some part would go towards buying shares and bank deposits

We just have to be careful when it comes to buying shares. There is a particular share my dad bought but feels like a scam and we are not even hearing anything about it anymore

 

[nomad]

It depends on how much you are making. If you are making $100 and if your requirement is just $10 for paying bills, you can save the entire $90

 

[Bisolami]

It depends on how much you are making. If you are making $100 and if your requirement is just $10 for paying bills, you can save the entire $90

I don’t think that will be the best idea. You know that you still have to buy a few things or feed yourself for the month so you can’t just pay bills and save the rest of the money