What percentage of your income do you think you should save?
- Thread starter Kennysplash
- Start date
Okay. What do you study?
Saving 50% might be a bit unrealistic over time. The most logical amount is 10% or thereabouts. You can do 30% if you don't foot a lot of bills or more especially if you want to save for a project.
We should consider the realistic part of it. If saving is too difficult for us, we can always start with small amount. Say 5% and eventually increase it to 10%. You will be amazed at how you will come up with strategy how you can save month over month.
Yeah this should be ideal enough at leadt it should be the minimum for sny working person.
Yes, I agree. Ideal for starters. And should increase eventually as months pass by. But should be a priority.
In this pandemic prices soar high it's hard to save even 5 per cent. But we need to save 10 % of our income.
Yes, we should save at least that percentage. I hope I can go back to saving. I can't save since last year, my money is allocated to my monthly amortization.
Yeshbif you can save up to 50% then you are a very prudent person. it isn't saving up to that all the time
If 50% is doable, go for it. If you are earning higher and can save up to 50% of your monthly income you are encouraged to do so.
It's not easy to save 50%. When you receive a good salary your expenditure also increases.
Yes, @cherry123 I do agree with you. Of course, it isn't always possible to save up exactly 50% of your earnings because obviously sometimes there are many miscellaneous costs that come up.
When you have a family and your kids are studying then it's not possible to save that much but she. You are alone you can save up to 80% of your salary à lso.
Things are not that easy. One has to work very hard to earn and even hard to save money.
