Can you save $200 or more a year?

freelancermaria

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• Aug 8, 2024

• #1

Due to continually increasing prices, it can be incredibly challenging for some people to save money each year, especially for those who are earning minimum wage. I often find it difficult to save money because I support my parents and have to acquire maintenance medications every month. Are you able to save $200 or more annually?

 

Hate2Wait

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• Aug 9, 2024

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I am not sure if I am able to save this much because I am yet to calculate like that but it looks like a good figure to save every year and then invest it

 

SHAHID987

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I remember when I used to work in gsk I was saving more than $200 after every six months. But now I don't have any job and that's why I am continously moving in negative.

 

eldavis

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Yes it's possible to save that much and more within a year, even the increase in the cost of living. You just have to sacrifice some things.

 

Starmix

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This time that I have business I saw more. And I started saving when I was in high school.

 

Shavkat

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I am with you. At present, I am struggling because of the aftermath of this pandemic. It is more difficult when my mom died three years ago.

 

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King Belieal

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• #7

$200 annual savings is what every person should be able to achieve. That is the 2 months savings of some people.

 

S

Springtime

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I am a freelancer. As I have a relatively stable client base, I have enough work to do. I can save more than $200 a year.

 

Sanjeev

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Yes I save more than $200 per year. And try to invest more than this in share market and MF.

 

saoussen5765

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Sanjeev said:

Yes I save more than $200 per year. And try to invest more than this in share market and MF.

Click to expand...

It could be respectable amount of money however less than 1 $ earning per day could be something not reasonable.

 

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Min George

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I have always been saving more than this $200 amount every year. This should not be difficult to achieve.

 

Niyi Briggs

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That is about $4 in a week. That is pretty easy to achieve. If you put your mind to it, you can make it happen.

 

Hate2Wait

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Looking at it, its not a very big amount and if you really like to save and wanted to save then you will be able to save that much

 

cherry123

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I am yet to calculate like this but it looks like a good figure I can save every year but not too sure

 

R

Ratine

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For me so some two to three years back l was in a position to save more that amount.

 

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Min George

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• #16

A person that earns some average income and is very serious why about savings would achieve that savings of $200 in a month.

 

R

Rubz

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Although i do not know the particular amount of money i save per year because it varies each year, i do not think i have ever saved up to $200 a year.

 

fcbetting

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I save more than that in a month. If save so little in a year, I would quit my job. Maybe if I pay big money for house loan it could be approved.

 

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Stardom22

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I think that for me is very practical impossible. That is because l really don't have any means of earning permanently.

 

Kera

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• #20

I think the range of $200 as a savings target for a calendar year is very feasible and something that one can easily meet up.