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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 ?

 

[cashbeb365]

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 ?

40% is good, but there is another angle to it. If you could share the percentage into various expenses like 10% for feeding, 10% for emergency, another 10& for house rent and 10% still for clothing and entertainment.

 

[Niftyicon]

Twenty percent is ideal for me. I might save more than that but that twenty percent won't be touched until something worthwhile comes up. Saving habit saves a lot especially during uncertainties.

Saving habit is one habit everyone should cultivate. My savings has saved me a lot in the past. Take this pandemic for example, many jobs were lost and I wonder how such people survived if they had nothing kept aside.

 

[Josemendez]

Saving habit is one habit everyone should cultivate. My savings has saved me a lot in the past. Take this pandemic for example, many jobs were lost and I wonder how such people survived if they had nothing kept aside.

We all know the importance and benefits of saving , the problem here the amount to save especially for those that have many responsibility to settle . It is not always easy to save when you have a lot bills to pay , and your earning is poor too .

 

[Niftyicon]

We all know the importance and benefits of saving , the problem here the amount to save especially for those that have many responsibility to settle . It is not always easy to save when you have a lot bills to pay , and your earning is poor too .

I buttressed the point of the poster and as I posted previously, it is better to save something than nothing at all putting the low income earners into consideration.

 

[Harkhore]

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 ?

Well it's help alot to safe part of your monthly income at least about 30% because sometimes your next salary may be delay, so you don't need to panic just go to your savings sort things out.

 

[infinitytech]

Savings are very crucial part of ones life!
You should save atleast 20% of your monthly income and invest some part of it to get returns in future!

 

[tray59]

Savings are very crucial part of ones life!You should save atleast 20% of your monthly income and invest some part of it to get returns in future!

without saving you are not going to succeed in life easyly,we need to save some amount of money from what we earn montly,investment as you said is another good way to ensure you dont lack money in the future,all this amount to proper planing and good decission making.

 

[Niftyicon]

without saving you are not going to succeed in life easyly,we need to save some amount of money from what we earn montly,investment as you said is another good way to ensure you dont lack money in the future,all this amount to proper planing and good decission making.

So right! The necessity for savings cannot be overemphasized and if I haven't learnt anything at all from this pandemic, I have learnt that no matter how huge or little an income is, save something for the rainy days.

 

[tray59]

So right! The necessity for savings cannot be overemphasized and if I haven't learnt anything at all from this pandemic, I have learnt that no matter how huge or little an income is, save something for the rainy days.

we need to save some money to stay alive so many people misuse their money they dont have saving and can never expect to resolved issue that involved money when the need arise,every month just ensure you save something that can help you caretd for your family and self.

 

[Delaw2020]

The right percentage to save on your monthly income depends on you. Nobody can dictate this for you. Some people even save 100% of their earnings and do other jibs to sustain themselves. There is no hard and fast rule on this.

 

[freelancerjeph]

I also agreed with the said 40% from monthly income. However, one can still use 10% from the 40% as investment that will yield some profit at the end of the month.

 

[Rollerkid]

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 ?

Savings is a very important factor in the life of people. The proportion of what one should save depends on the income the person receives. When the income a person receives is quick encouraging, he or she can decide to save at least fifty percent. But when the the income the person receives is too small to even cater for daily expenses, savings at that time becomes very difficult.

 

[tray59]

Savings is a very important factor in the life of people. The proportion of what one should save depends on the income the person receives. When the income a person receives is quick encouraging, he or she can decide to save at least fifty percent. But when the the income the person receives is too small to even cater for daily expenses, savings at that time becomes very difficult.

saving is very important while you are on service you need to save some money so when you left that position you have what to invest with,its not possible for someone to work without having a saving for himself except you did not plan well.

 

[Niftyicon]

Another method to tackle saving problems is to ensure that you save from every income not just salaries alone. The percentage may not be huge but if done right, it adds up.

 

[Odufalove]

Percentage to save depends on firstly if you are still single and don't have anyone to take off you can save 50% and if married and having kids you can save 10%

 

[Amatullah]

Since I will need money for my basic needs as well as necessities, I think 30% will be okay, the rest of the 70% will be enough to take care of my needs and still have allowance.

 

[infinitytech]

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.

That's kinda very much,as if you save around 30% of your monthly income then you would struggle in day to day expenditures,as sometimes things can get a little hard.

 

[gammarays]

The percentage of profit to save every month will depend on what you want Or how you planned it. I'll suggest saving and reinvesting more than 60% of your monthly profit if you want to grow the business.

 

[CrazySher]

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 ?

It not about the percentage, it is about the expenses, how much in a month you expense, just fulfill your needs and save that what remains after that, don't waste money on the things you can't live without.

 

[SCAMEXPOSER]

It not about the percentage, it is about the expenses, how much in a month you expense, just fulfill your needs and save that what remains after that, don't waste money on the things you can't live without.

It is still based on percentage regardless your expenses though it might not be fixed it could varies according to your expenses or financial commitment.