What percentage should I spend from my earnings?

[Enxx]

Is there a percentage that I should be spending from my income? Yes we should have percentage of what we can spend from our earnings if we have stable income. This will help us to have savings.

 

[Shavkat]

Is there a percentage that I should be spending from my income? Yes we should have percentage of what we can spend from our earnings if we have stable income. This will help us to have savings.

Before the pandemic, I see to it that I save 10% of money from my salary monthly.

 

[Golden9]

Is there a percentage that I should be spending from my income? Yes we should have percentage of what we can spend from our earnings if we have stable income. This will help us to have savings.

I usually spend 80% or 90%. I also try to look for ways to cut down on my expenses and save more each month. What I do to help me achieve this is that I deduct my savings before I create the months budget.

 

[hastral45]

Before you start to spend your earnings, you must have set a goal in your online business. It is this goal tbat will determine your spending spree. Do you determine to spend all your money or you intend to re-invest in your business would guide you accordingly.

 

[Stardom22]

For me I would spend like 90% and save only 10%. This is because my online earning is very limited.

 

[Sanjeev]

Are you talking about the online earnings or the total earnings? If you are talking about the total earnings, then I try to save 50-60% of my total earnings.

 

[hastral45]

Check the motives why you are working online. Is the system paying constantly and reliable?. If it so, endeavour to save like 10% of your earnings.

 

[Suba]

If what you mean by earning is total income from monthly salary, online income and passive income etc., then you should make an expense budget, and you will know what percentage you have to spend each month, but in general spending 80% and for saving 20%.

 

[oldbuddy]

I believe if I have the right attitude, I don't need a budget and it has proven to be true for decades of living debt free. It's like an auto-pilot guidence system inside my head every time I face a buying decision. I don't need to pull out a budget sheet or even think about it, I know without a doubt what the right decision is.

 

[riberet19]

If what you mean by earning is total income from monthly salary, online income and passive income etc., then you should make an expense budget, and you will know what percentage you have to spend each month, but in general spending 80% and for saving 20%.

Everything really depends on the expenses of the person in question, the important thing is that the person has a percentage that saves another for expenses and if possible another percentage for investments

 

[Suba]

Everything really depends on the expenses of the person in question, the important thing is that the person has a percentage that saves another for expenses and if possible another percentage for investments

I agree with you, because everyone has a different lifestyle and also of course their monthly expenses are different. Everyone's strong desire to save and invest is also different.

 

[SHAHID987]

Although it is very difficult nowadays as to save money but still we need to do it because there is uncertainty in jobs no body knows what company will do with him next day so we must try to save at least 10% from income.

 

[Sanjeev]

Although it is very difficult nowadays as to save money but still we need to do it because there is uncertainty in jobs no body knows what company will do with him next day so we must try to save at least 10% from income.

I think 10% savings is too small one should try to do more than this. It depends, if a person has less earnings than the expenditure then it's fine if they can save even less percentage of money.

 

[eldavis]

It depends on how much you earn though, and what you plan on doing with the money. If others should give you a percentage, they do not know how much you earn, hence it might be too much or too small.

 

[gammarays]

Due to rising expenses, it's difficult to save most of my earnings online. Most times, I spend all or 80% above. I just wish I can spend less and save more.

 

[Sanjeev]

Not only you everyone wishes to save as much as they can so that their saved money can be used in case of emergencies. I want to save some good amount of money so that I may use that money when I get retired and have no job to earn.

 

[LoukiaCharilaou]

Are you talking about the online earnings or the total earnings? If you are talking about the total earnings, then I try to save 50-60% of my total earnings.

This is a very god question. I agree with you. It is wise to save half of our earnings for a rainy day.

 

[Sanjeev]

This is a very good question. I agree with you. It is wise to save half of our earnings for a rainy day.

This is because what we save today is going to help us in the future when we will be old and won't be able to do any physical work.

 

[Edulady]

Always reward yourself. Earning online is Soo muh ahrd work. To motivate yourself reward yourself with 20% of your earnings.

 

[gammarays]

Always reward yourself. Earning online is Soo muh ahrd work. To motivate yourself reward yourself with 20% of your earnings.

The 20% may be negligible if you're not earning much online. If one is earning $50, it's just $10 to keep. Not bad if the rest is utilized well.