Updated over 4 years ago on . Most recent reply
How much percentage of salary should be saved monthly?
Good day Everyone,
It is a rhetorical question, How much percentage of salary should be saved monthly? I know this has no correct answer but I'd like to know about people here when they were just starting out. THANKS :)
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Theresa Harris
#3 General Landlording & Rental Properties Contributor
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#3 General Landlording & Rental Properties Contributor
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Theresa Harris
#3 General Landlording & Rental Properties Contributor
Pro Member
#3 General Landlording & Rental Properties Contributor
Percentage will depend on how much you make. Someone working minimum wage will have more problems saving a high percentage than someone making 6 figures (in theory). I buy what I need (basics, nothing fancy), pay my bills and save the rest. Reducing spending on eating out and buying a good car (nothing fancy) that is reliable and lasts helps a lot.