03-19-2018, 12:58 PM
[quote quote=1477]While it would be great to be able to save 40% of income, most people’s expenses eat up too a large a proportion for that to be possible. Ten percent is an achievable goal for most people (barring emergency circumstances or poverty wages). I aim for ten percent, and have an option on my debit card to round up purchases and stick the spare change in my savings account, as well. Every little bit counts.[/quote]
You are very correct my dear, it's almost impossible to save 40% of one's earnings in a month especially from people who depend on a fixed salary. As long as such individual has responsibilities to take care of, there is no way saving 40% of the salary would be something feasible.
This can only be achieved if the individual in question is just taking care of himself or herself alone without anything else to worry about, hell he or she can save more than 40% of the salary.
You are very correct my dear, it's almost impossible to save 40% of one's earnings in a month especially from people who depend on a fixed salary. As long as such individual has responsibilities to take care of, there is no way saving 40% of the salary would be something feasible.
This can only be achieved if the individual in question is just taking care of himself or herself alone without anything else to worry about, hell he or she can save more than 40% of the salary.