What percentage should I spend from my earnings?

[LoukiaCharilaou]

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.

Exactly. It is important to save money for the future because when we get old, we will not have the strength to work. Pensions in my country are very small.

 

[Johnson2468]

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 spend 80% and save 20%

 

[Golden9]

I use the 80/20 rule for saving money. This means 80% of it is used for expenses and 20% is used as savings. Some people prefer to do 50/50 especially if they have no pressing needs.

 

[Enxx]

I spend 80% and save 20%

At least you are able to save something. As for me I don't save anything because I spend all and it is not even enough for me.

 

[Johnson2468]

At least you are able to save something. As for me I don't save anything because I spend all and it is not even enough for me.

That's why it's necessary for you to look out for more ways to make money especially online

 

[Enxx]

That's why it's necessary for you to look out for more ways to make money especially online

That's right. K don't want to stress my self to look for more ways to make money online. I only need little capital like $200 to start forex trading

 

[Springtime]

It depends on how much you earn and your monthly expenses. I spend about 70% and put 20% of my earnings into a fixed deposit account. Another 10% is for investment.

 

[nomad]

Generally speaking, you should not spend more than 50 percent of your total income for your necessities (rent, food, utility bills, etc.)