And, if you allow me, I would also judge this with respect to income. I say this because I know that unfortunately sometimes there are salaries or pensions so low that it is already hard to reach the end of the month, just to live and pay taxes, unfortunately!
In all sincerity, expenses aren't fixed and that makes our income not to be stable too. What would determine the percentage to save would be the amount we spent on needs in that period.
Well, on this fact, you are more than right. In fact, I hadn't thought that, unfortunately, each of us often has to deal with extraordinary unexpected expenses!
The unforeseen expenses surfaces sometimes and could lead to extra spending from the usual. Sometimes, your expenses would be minimal, and you will be able to save much.
Indeed. I can see in our case. Sometimes in my family we are able just to save something money. But other times (and quite often!), due to such expenses, this results to be almost impossible for us!
Yeah, true. Someone's 70% may not be enough to take care of his monthly expenses. So, yeah budgeting is very important because it helps you to avoid unnecessary expenses.
You have said it right. The amount/percentage to save out of monthly salary or income is dependent on the size of salary/income and your liability.
The exact percentage to save from ones income is not achievable. It would fluctuate and it isn't a fixed value. You may be lucky to save above the speculated figure and I could be otherwise.
I was born in user highspeed's country, in spite of being established in Latin America since quite long time and I can confirm there are such salaries and pensions so small that people can be forced to beg for help. No way to save even the 1%. I have third aged friends still living in Italy only earning a 300 euros pension, while in Italy people can't even pay half of a rent of an apartment. A third aged friend of mine is able to survive only because he lives in the countryside, he grows his own food and he owns the house where he lives. The 300 euros pension goes away to pay taxes, bills and to maintain a car (if you live in the countryside, you must have a car to move). No member families to maintain because his daughters are married and have their household. But in a city, he couldn't survive. This shameful situation don't hit only the third aged: young people are often forced to work in slavery mode for such a shameful salary (eternal stage mode where young workers are exploited), as the dream of companies and professional freelancers is to get employees for free (but lot of times it's even not their fault, as in their turn they are persecuted by unfair taxation).
My dear friend, please, scream this loud to everyone here. Thanks!
My dear friend. Please read the previous post written by @Pousinha that he (or she) too, was born in my country and as you can see, had to move elsewhere! And this can confirm you, what it means nowadays living in Italy!!
Every right thinking adult that projects ahead now spends less base on the different countries economy nosediving whenever the bell rings.
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