Advertisement
Discussion (3)
Learn how to style your text
Reply
Save
It depends really on your take home pay and what are your habits.
Most people should be able to save at least 20%. However, this would unlikely be sufficient for FIRE.
If your pay is around 3k range, it should be easy to save and invest around 30-50% of your pay given main expenses are food and transport.
Reply
Save
Write your thoughts
Related Articles
Related Posts
Related Posts
Advertisement
Hi its depend on your spending style and habits u have.
Normally for myself since I'm still a student I don't earn much but I try to allocate my money in this way
4,3,2,1
40%- expenses
30%- investing
20%-saving
10%- insurance
In the case if u don't invest u can always put it as saving and save up a emergency money first which is about 6 month of your salary/expenses
This is just my way of doing my budgeting.
At the same time I do use seedly expense tracker to track all my spending to ensure I'm on the track and not overspending