19 Replies
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.
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.
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.
Anonymous