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[Josemendez]

Saving part of your monthly income is a desirable attitude. This is because it helps you to have some money that you can use to solve problem especially problems that come unannounced.
What percentage should one save from his total monthly earning ?, I think 40% is good . What is your opinion on this ?

 

[Brain]

Yes, 40% came to mind by just resding the heading. If one can save this percentage daily then goof money can be in the business reserve over a period of time.

 

[Reznov]

well , it really depends on how high/low your salary is , if it's so low , then anything you save would be like a gift for you , but if you think you're being fine with the salary , then i think anything that's left after you buy your needs is worth saving

 

[salvi]

If you do not have any spending require then you should keep saving minimum 90% plus as much as possible and I hope you this will not make you rich as money value decrease.

 

[Josemendez]

well , it really depends on how high/low your salary is , if it's so low , then anything you save would be like a gift for you , but if you think you're being fine with the salary , then i think anything that's left after you buy your needs is worth saving

If you wait to see see what will be left after buying everything you need , you nay not have anything left as man's need keep on coming . I think having a fixed rate is better.

 

[Reznov]

If you wait to see see what will be left after buying everything you need , you nay not have anything left as man's need keep on coming . I think having a fixed rate is better.

well , that's right , but i'm sure you will buy all of your needs at once , for example : food , you'll buy the required food that will be enough for a whole month , so you'll have to buy that only once a month , there are other things to be expected , like for example if you have a car , you don't know when it will be broken or anything like that

 

[Josemendez]

well , that's right , but i'm sure you will buy all of your needs at once , for example : food , you'll buy the required food that will be enough for a whole month , so you'll have to buy that only once a month , there are other things to be expected , like for example if you have a car , you don't know when it will be broken or anything like that

Yea, so you should not use the condition that your car may break and fail to save that which you desire to save for the particular month .

 

[akawossito]

It depends if you are independent or not. if you are not you can save much more

 

[Josemendez]

It depends if you are independent or not. if you are not you can save much more

I think whether independent or not , once you earn some amount of money in a month , you should set a budget of the amount of money you will save .

 

[jacky2018]

If you're single, I think you can save 40%, even 50%, and you should do that. Because when you get married and have kids, you have to spent a lot

 

[Netro]

10%. However, if my profit allows me to postpone more, I save up to 30%. I have been using this strategy for several years.

 

[KarthikP]

You can save 5-20% of your monthly income , the more you save , it's good for you , you can use that saved money to do anything worth .

 

[SCAMEXPOSER]

Percentage to be saved monthly depends on individual's responsibilities and commitment. However, you should be able to save at least 20 - 25% monthly or more depending.

 

[Nour Moh]

Well, it depends on a lot of stuff. but I think 20 % is very good. But it really depends on how much you earn and if you need your income to make a living or it is just an additional one.

 

[Mbwolf]

it's all depends on how much money you get a month and how much you spend
do your calculations
see how much the important things cost you and you will discover how much you can save

 

[SCAMEXPOSER]

The monthly earnings, the cost of living, the standard of living of individuals or as a family man are critical factors that determine what to save at intervals of time ideally..

 

[RaOne]

Let's use this pandemic that nobody knew about as an example, people should save every single cent and stop buying useless stuff that they don't need, in my area a lot of people now have financial issues, that's where saving money's importance appear .

 

[SCAMEXPOSER]

People with extra cash can still invest but those who barely feed comfortably three times daily so feed well from parliative measures given to them than investing unnecessarily

 

[LunaCoco]

If it's for savings, a lot of people say 20%. But personally I think it should be more. I quit work a few months ago because I got fed up with stress lol but I made sure I had savings first, at least enough for a year. It's especially important during this pandemic, I bet many wish they saved more.

 

[Nonachy]

Well, it depends on your level of income against expenditure. Regardless, I think the start point should be between 20 - 30%. That should be a comfortable start point for middle class.