Savings opinion
3.5 lakhs saved from an 8LPA CTC job at an MNC, while WFH(live with parents)? (Joined in Aug’22)
Depends, what are your other expenses? I mean, I live with my parents too, and I end up saving almost 100% of my income
I went on 3 trips. Well ya that’s what I wanted a check on yk if people manage to save almost all of it or not.
Hmm... Conventional wisdom says you should save 30 - 40%, assuming you have necessary expenses to meet
Considering you don't have any necessary expenses, you should technically be able to save more
I don't do solo travelling and I love travelling with my family (I'm weird, I know) I also don't really have a taste for luxury and am a miser by nature, so I have next to no expenses
Don't beat yourself too much on it, though, if this is your first job, it's okay to take a while to get a handle on your expenditure, especially if your circumstances allow it (having a decent family support)
Save 70% if no responsibilities of contributing at home
