Income VS Saving

How much is your combined income as husband and wife? And how much do you manage to save every month?

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Hi... At least 20% of your income should go towards savings. Meanwhile, another 50% (maximum) should go towards necessities, while 30% goes towards discretionary items. This is called the 50/30/20 rule of thumb, and it's popular quick-and-easy advice.

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Depends on the amount of income. Still general thumb rule - try to save at least 20-30% and more importantly try to cover as much as possible for unexpected events with insurances, investments, etc.

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About 70% of savings, but this is before baby arrival. Hopefully can increase income or keep expenses within range.

I’m SAHM, only hubby working. Income near to 4K but take home $3k. Savings around $200-500/month.

Hi, I think, it depends on a lot of things from family and family and is very subjective

Self employed and not working. Earning $1k plus per month, saving 50%

Save bout 20%. Most importantly get insurance. Both life and medical

Try to save about 20% every month that's our fixed savings..

very subjective, we try to save atleast 10-15% every month

Save 70% of combined income and only use 30% for expenses.

2y ago

Thanks. We live simple life and spend only what's necessary. Go holiday within budget and no credit card debt. Prioritize the spending on important thing such as kids education.