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

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

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.

decideaim wrote:

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

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

commenting for reach

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

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

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.

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

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.

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

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

@bikidas2060

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

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

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.

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

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

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

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

kukdookoo wrote:

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

Wo to akele wala fun hoga na

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.

androgame wrote:

Wo to akele wala fun hoga na

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

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.

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

@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. 

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

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

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

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 😄.

LG50 wrote:

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.