With the current layoffs it is important to save money . Wanted to know your views what % of salary you guys save
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What percentage of your income you save monthly ?
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I think majority here are living on credit! 😀
Just for context, saving means that investing that amount as well? Or keeping it in Saving account?
With the bloodbath in IT and startups, people realizing loan based life problems
High salary low expense. I save more than 75% of what I earn.
RAMESH BABU N
TF Legend
No wonder.
Some Seniors like us do save like that.
By the time we retire, we had acquired all creature comforts - houses, vehicles, appliances.... - and must have paid all our loans. Kids - well educated n well settled in life. No need to support them. If healthy, we can easily save around 80% of regular incomes - pensions, rents recived, interests/dividends on investments.... With a well laid out plan, we can save on the tax front as well.
All this is/was possible, if ONLY it was conceived, planned n executed without any letups or slippages.
Anyone can do it.
RAMESH BABU N
TF Legend
Role of spouse is extremely important in this journey.
If found a right n perfect fit, you always end up in green. Year after year. Forever.
Otherwise, end up in red, ballooning month after month. For the rest of your life -
irrespective of your increasing income levels.
If found a right n perfect fit, you always end up in green. Year after year. Forever.
Otherwise, end up in red, ballooning month after month. For the rest of your life -
irrespective of your increasing income levels.
taskmaster
TF Premier
I work from home. Save all my income and mooch off parents money XD
బాగా చెప్పారు మాష్టారు 😊
Without significant upsurge in lifestyle.
From eating dosa at 40-80 rs .
To drinking ccd & Starbucks coffe for 500 rs
& Only buying Armani and prada from spykr jeans
You can save significant
And visit Bengali babas instead of corporate doctors.
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Reducing cost of living in this time where everything else apart from salary is spiking up every week or month.
inflation at the top, families and parents to take care of, education, rent, emi on normal cars, taxes etc. No idea how those who even save 40% do it?
Maybe its a lifestyle thing. Everyone has different priorities for now, which they can't fulfil, in which case even planning to fulfil future goals are things that aren't even in scope. Just saying, since I'm sure there are going to be many people who aren't even saving a single rupee or say less than 10% of their income
inflation at the top, families and parents to take care of, education, rent, emi on normal cars, taxes etc. No idea how those who even save 40% do it?
Maybe its a lifestyle thing. Everyone has different priorities for now, which they can't fulfil, in which case even planning to fulfil future goals are things that aren't even in scope. Just saying, since I'm sure there are going to be many people who aren't even saving a single rupee or say less than 10% of their income
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panchabhut
TF Legend
most people today are earning more (in terms of real purchasing power) than what their family was earning 20 years back. so it all depends on whether you maintain the same lifestyle that was 20 yrs back, or have upscaled it by aspiring to look more "affluent"
it also depends on the stage of life a person is at. the perspective towards life is significantly different at 30, 50 and 70.
it also depends on the stage of life a person is at. the perspective towards life is significantly different at 30, 50 and 70.
home loan emi = saving
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(FIRE karna bakwas hai par concept seekhlo, kaam aayega)
www.mrmoneymustache.com
(FIRE karna bakwas hai par concept seekhlo, kaam aayega)
The Shockingly Simple Math Behind Early Retirement
This is the blog post that shows you how to be wealthy enough to retire in ten years. Here at Mr. Money Mustache, we talk about all sorts of fancy stuff like investment fundamentals, lifestyle chan…
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If someone doesn't have his own home then should or home loan is also nice 🤷
Can invest and enjoy the returns.
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