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Guys in 30s', What is Your Monthly Expenditure (in %), How Much (in %) of Income Do You Save?

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Royal Challengers Bangalore
Hundred_Dios

Guys, just wanted to understand the monthly expenditure of people in 30-40 age group and how much of your income is being saved. I see prices of several daily consumables have raised in recent years and so the income (mainly after COVID in IT sector). So, wanted to understand if there is a real rise in income or not.

Starting with me, my monthly expenditure is 30% of my income….i live in own house in Tier 2 city with 2 kids, wife and mother. I am the only earning guy in family. Able to save 70% of the income.

Edit 1: Actual education expenses haven’t started yet

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Deal Lieutenant Deal Lieutenant
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You are Saving 70%, that’s awesome, not possible for many

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decideaim wrote:

You are Saving 70%, that’s awesome, not possible for many

Agree, but i controlled lot of expenses with aim of FIRE (Financial Independence and Retire Early). NO EXPENSIVE HOLYDAYS, NO OUTSIDE FOOD….other expenses are normal.

Deal Subedar Deal Subedar
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decideaim wrote:

You are Saving 70%, that’s awesome, not possible for many

Own house is a plus but still 70% is amazing.

Royal Challengers Bangalore Royal Challengers Bangalore
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commenting for reach

Budding Star Budding Star
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decideaim wrote:

You are Saving 70%, that’s awesome, not possible for many

depends on few factors, majorly on lifestyle and dependents
I am also saving 70-75% pm
no outside food
no travelling for leisure
clothes and mandatory shopping – once in 2-3 years
no loans
no credit cards
dependent parents

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BAT_MAN wrote:

depends on few factors, majorly on lifestyle and dependents
I am also saving 70-75% pm
no outside food
no travelling for leisure
clothes and mandatory shopping – once in 2-3 years
no loans
no credit cards
dependent parents

You people make me realise how much I’m wasting money on unnecessary stuff plus1

Deal Subedar Deal Subedar
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need more Info   as to how you ppl manage to avoid outside food how ur families understand  this no outing for leisure concept.How do you manage overall.

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vivek7460 wrote:

need more Info   as to how you ppl manage to avoid outside food how ur families understand  this no outing for leisure concept.How do you manage overall.

+1

Deal Subedar Deal Subedar
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Why people are saying no travelling for leisure? Everyone should travel and take some vacation time with family whenever possible ….. Savings is a priority, but living as well.

Royal Challengers Bangalore Royal Challengers Bangalore
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BAT_MAN wrote:

depends on few factors, majorly on lifestyle and dependents
I am also saving 70-75% pm
no outside food
no travelling for leisure
clothes and mandatory shopping – once in 2-3 years
no loans
no credit cards
dependent parents

I use credit cards, but only for offers. Dont prefer loans or EMIs. Instead plan things I want to buy in advance to accumulate money. Travel for leisure is mindset thing. I personally (even family) dont like leisure travel, but we prefer visiting temples – nearby and far away places (once in 2-3 months). Outside food was stopped after COVID. We got used to home food since then. So, didnt want to restart outside food. Lastly, work from home added much more to the savings.

So, its not that I am sacrificing anything for saving money. Instead of leisure travel, we visit historic places (temples), instead of outside food, we together prepare delicious food at home. Other things (buying minor to major requirements – from mobile to car or home) majorly are about right planning

Deal Cadet Deal Cadet
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I am working in IT company.. my package is around 12+ but still m in negative always. M living on paycheck to paycheck for now… Don’t know when m going to start saving and investing

Pro Community Angel Pro Community Angel
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Manitian wrote:

Why people are saying no travelling for leisure? Everyone should travel and take some vacation time with family whenever possible ….. Savings is a priority, but living as well.

Off topic but just an abstract thought, why do people travel ?

I mean its the same thing everywhere, mountains , rivers, and such stuff, what else ?

I get bored of places very easily.

Have travel plans for abroad, but those cost alot wink

P- I am not a foodie as such, mere liye to domino’s ka pizza bhi “leisure” food hi hai 

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androgame wrote:

Off topic but just an abstract thought, why do people travel ?

I mean its the same thing everywhere, mountains , rivers, and such stuff, what else ?

  • few days of family only time
  • few days away from work.
  • Body and soul gets refreshed if away from the daily mundane tasks.
  • New places means sights of joy, unseen landscapes, structures etc.. 
  • etc… lots more to say.. can’t express in words I guess.

This Time will never come back, so if you have a kid/wife/parents, the trip together stays forever in mind. In future when you will look back, you’ll cherish the memories. Believe me you won’t ever regret the money spent. Life is short, putting all to savings and not even enjoying the current day makes the next day tougher to enjoy.

Lost my dad few years back, luckily he used to take us to budgeted trips from the days I remember. I am glad that I remember most of those memories. Want to give the same gift to my child.

Deal Lieutenant Deal Lieutenant
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androgame wrote:

Off topic but just an abstract thought, why do people travel ?

I mean its the same thing everywhere, mountains , rivers, and such stuff, what else ?

I get bored of places very easily.

Have travel plans for abroad, but those cost alot wink

P- I am not a foodie as such, mere liye to domino’s ka pizza bhi “leisure” food hi hai 

Have travel plans for abroad, but those cost alot

1 inr=1.11 Russian Ruble

there is one youtuber jo 40-50k me russia me acha fun kar aya @xxxyyyzzz @Tanmayyy @decideaim @kartikxxx

Elite Elite
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Not having to buy a house/flat is the single most factor that lets you have good savings in life. 


Deal Lieutenant Deal Lieutenant
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ontherocks wrote:

Not having to buy a house/flat is the single most factor that lets you have good savings in life. 


paji making a thread on this, will love to see your comment

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Seinfeld wrote:
  • few days of family only time
  • few days away from work.
  • Body and soul gets refreshed if away from the daily mundane tasks.
  • New places means sights of joy, unseen landscapes, structures etc.. 
  • etc… lots more to say.. can’t express in words I guess.

This Time will never come back, so if you have a kid/wife/parents, the trip together stays forever in mind. In future when you will look back, you’ll cherish the memories. Believe me you won’t ever regret the money spent. Life is short, putting all to savings and not even enjoying the current day makes the next day tougher to enjoy.

Lost my dad few years back, luckily he used to take us to budgeted trips from the days I remember. I am glad that I remember most of those memories. Want to give the same gift to my child.

Bhai i think all these things are quite subjective and situational. 

The normal day of life in our family is more or less like it was the lockdown (everyone is self employed and most work happens at home only) for everyone else, so family time is not really a craving. 

Apart from that , Himachal is quite accessible here (we have toured it extensively), so maybe its like we dont value it enough.

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androgame wrote:

Wo to akele wala fun hoga na wink

there is one thing which is in abundance in russia,ab baaki aap khud samajdar

Kolkata Knight Riders Kolkata Knight Riders
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The normal day of life in our family is more or less like it was the lockdown (everyone is self employed and most work happens at home only) for everyone else, so family time is not really a craving.

@androgame you are correct, lockdown caused too much family time, it gets bitter after sometime. But if you can do an idle laid back trip after things normalize, it won’t seem bad I guess. Try out some sea side. Just laze around, nobody will need to cook or do any regular staff. All will enjoy differently than the days at home. Don’t do the self work too if you can afford that.

Apart from that , Himachal is quite accessible here (we have toured it extensively), so maybe its like we dont value it enough.

Been to Himachal once, 20 days trip, enjoyed and loved it. But won’t repeat soon, have sweet memories. Will try some place new I guess. You guys too try out some different place if you get the chance.


Just suggestions.. all will have their personal views, I fully respect that.

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https://cdn0.desidime.com/attachments/photos/757135/medium/meme.png?1649163621

Deal Cadet Deal Cadet
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Single staying kharcha with rent 32 to 34k, policies, invest excluded.

Royal Challengers Bangalore Royal Challengers Bangalore
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@Hundred_Dios My two cents !!!!


You are on right track by saving 70%. I do not want to comment on your choices however I too have similar views on travels and food. 


Important point is make these savings count. I mean, this should turn into bigger amount after 10 – 15 years. This will be of major help to you for your kids education or marriage. Think how can you compound this better and most importantly dont try to lose money by investing in shady schemes or stocks. And yeah, get yourself and family members a good life and health insurance. 

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Santhu4444 wrote:

@Hundred_Dios My two cents !!!!


You are on right track by saving 70%. I do not want to comment on your choices however I too have similar views on travels and food. 


Important point is make these savings count. I mean, this should turn into bigger amount after 10 – 15 years. This will be of major help to you for your kids education or marriage. Think how can you compound this better and most importantly dont try to lose money by investing in shady schemes or stocks. And yeah, get yourself and family members a good life and health insurance. 

Thanks, the first thing I did before starting saving is I got all the basics covered. Term, medical insurance, emergency fund etc

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ontherocks wrote:

Not having to buy a house/flat is the single most factor that lets you have good savings in life. 


I dont agree with that
all depends on what you choose
luxury/comfort is priority or not

Royal Challengers Bangalore Royal Challengers Bangalore
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hemant_111 wrote:

I am working in IT company.. my package is around 12+ but still m in negative always. M living on paycheck to paycheck for now… Don’t know when m going to start saving and investing

write down your expenses, then see what expenses can be reduced or skipped entirely. I follow save and spend policy. Forget spend and save policy in case you are doing

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Hundred_Dios wrote:

Thanks, the first thing I did before starting saving is I got all the basics covered. Term, medical insurance, emergency fund etc

Superb brother. Your walking example for Personal Finance 😄.

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LG50 wrote:

https://cdn0.desidime.com/attachments/photos/757135/medium/meme.png?1649163621

depends on the salary also bro… under 50k earning guy may not save much but savings can be easy for a 1lakh earning guy…. but even under 50k earning guy can save a considerable amount if he plan properly and reduce unnecessary expenses.

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