Be frank guys.
Talking product sense with Ridhi
9 min AI interview5 questions
Percentage here is not relevant.
Someone earning 50K will have 40K expenses, while the same person earning 2LC will move to 80K expense. Savings varied from 20% to 60%.
It matters somewhat as people should maintain the ratio and if someone is earning more then he can spend that much.
It is bad management if someone earns 50k and spends 40k per month (unless it’s just 1st or 2nd year of getting job)
But if salary is included then age should be included as well.
You contradicted yourself.
Not necessarily bad management, person could have dependent, someone could have kids, medical condition, native city in parents home.
There are sooo many factors to bring into play... Hence irrelevant!!
Easily 50% but might be because I'm a bachelor.
I hope u can get a girlfriend so that she can wipe out your savings. And i can get agead of u in savings as a bachelor.
Ok.
No Emi and yet no saving. I think I fall in the worst category and still, I feel quite happy
75% saving
10% rent 5% food 10% miscellaneous ( average of whole year)
I'm close to 50, between wife and me, we invest 60% of our monthly income in investments. Started 15yrs ago with 25%, almost no foreign holidays, enjoyed vacations in India, no new car for the last 10yrs, own my house, and looking forward to quitting job in 5 yrs, stop working for salary and work when you want. Current investments guarantee at least 2L income per month from interest, with capital growing and intact. PPF for 18yr old son matured last year plus some early equity investments. his education is taken care of Long post, but just wanted to share, start early and be disciplined. Money will grow without your knowledge
70%
40%
60-65 percent