monthly savings

There is a 50-30-20 rule for savings. 50% of your income goes to necessities - food, bills, etc. 20% savings, paying off mortgages, etc. And 30% for entertainment! I personally prefer to switch the 20% and 30% around - save 30% and spend 20%. But of course that is not always okay - sometimes I spend more.

Does it matter? Rule of thumb is 10% but it also depends on ur inflow and necessary outflow. Necessary are things like rental and food and things u need for livelihood, not wants and def not too much entertainment. Some pple have to support more family members so their outflow is a lot too

Both husband and i are working but husband earns more. So our saving plan is, spend entire of husband's salary(~5k aft cpf) to pay off everything and save the entire of my salary(~3k aft cpf) with 1 kid at the moment. Has been trying out for 8mths. So far so gd.

Like what Candace said, I follow the 50-20-30 rule too - but I mainly save in an endowment plan because I work as a freelancer so I don't have fixed paychecks. My income is usually just to cover our expenses and insurance, that's about it!

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I manage to save in average 25% of my pay each month. If there's extra like bonuses etc, obviously I save more and that's always a great idea.

Less than 10%. When my second one goes to childcare, I may not even have any savings. 😞

Not sure , husband handles it. How much would you save ?

Rule of them is 15% savings, 25% rent or mortgage.

I tried 10% but i always end up touching it.