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

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.

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

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

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. 

Not in my 30’s yet but 26 now and i save about 80% of my salary.
Single living in parents house

I’m in late 20’s , Single right now staying with dependent parents ,
use to hold expenses for self and give rest amount to parents , I guess savings will be around 30% but not with me..
Messed up some amount beyond my capacity .. from last 2yrs was trying to settle till last month (still left with 2lakhs+ NPA😪 but still was a very good lesson for me) …
From this month I’m planning to retain 50k from my salary and plan accordingly.
If I’m back in Work from office mode may be I can save around 20-30%.
But I want to travel at least once in a year. Will see how it goes… everything is a puzzle 
 

Many People Are Unable To Save 50% But U Guys Saves 70% Thats Awesome

@Hundred_Dios @BAT_MAN

https://www.quora.com/Who-gets-lung-cancer-Is-i...

not related to this thread, but read this story yesterday on quora and thought of sharing this. This story tells us how things can go out of hands very easily and a lesson to learn from it is – Lead pleasant life with whatever we have, save some for future, eat good quality food, avoid restaurant food, especially those colored food with preservatives. 

i am 23 years old we save 40-45% of our household income

I live in Bengaluru. My package is around 1lac per month but I get around 80k in-hand after ppf, tax and other deduction.
1. 30k as rent( society with all amenities and maintenance charges).
2. 10k for pub or restaurant
3. 20k person loan emi
4. 10k travelling

And then other expenses comes like phone repair or gifting.. some times I goes into negative

Looks like most people are doing a great job at savings. I barely save 50% of my earnings and don’t even take entire burden of expenses at home as I share expenses along with my dad living in our own house.

At the same time, I don’t compromise on things and do live a decent life. Neither restrict on eating out nor travelling. All thanks to COVID, we haven’t been on a vacation since July 2019 but in general we travel internationally and in India as well. Varying between 2 to 4 vacations per year.

@androgame @raghupro @BAT_MAN @hemant_111 @Santhu4444 @decideaim @manitian

(26) Financial Independence Retiring Early India (reddit.com)

the discussions in this subreddit would give some motivation and guide you towards FIRE

now i know the downsides of tier 1 cities Bro in tier 3 city 1lakh per month you will be considered rich and people will come to you asking for money in times of need

Thanks for starting this thread and to everyone for sharing their experience. It is really nice to know different perspectives. Will try to share mine.

60% savings and investment - NPS, MF, Stocks(Ind and US), SGB
15% needs
15% wants
10% donation

Like to travel but more as experience. Take a week off (Work in IT and take 9 days including both sides of weekend) in a month and travel a particular state. Sometimes go for treks. Prefer traveling between places during night using public transport instead of staying at hotel. Try to eat at annadanam (places which serve food for free) and pay them in return for the service to support them. Sometimes go for long distance cycling. Try to go for vipassana sessions once a year. This is during solo travel but sometimes travel with family.

Currently live with parents in own house bought recently.

Recently taken term insurance and always try to keep emergency fund of at least 6 months salary. Have some ESOPs given by company as backup funds.

Work with NGOs as part of CSR team in company and donate some amount whenever possible.

Try to use mobile phones, clothes and similar things for as long as possible until the wear and tear takes over.

Buy some books and donate them to libraries once completed.

I have taken some CCs recently but have currently used them only to buy online gold coins as investment during offer time. And pay back right after the purchase.

Just sharing my experience and glad to hear and learn from others. Please do let me know if you have any suggestions. Cheers

I will receive a freelance fee and was going to buy my first premium phone. Well, you guys just made me drop my purchase.

Going by this thread i am thinking what i am doing with my life

I am late in 20s lives in delhi have own house with a family of 6 working in family business or one can say shop from last 10 years but till date haven’t calculated how much i am earning, how much spending and what are my savings. I eventually buy stuffs which i want to buy whether i really need it or not like a year ago i purchased a convection microwave for 15k but till now have only used it for 5-6 times, 5-6 months ago purchased an iphone but till now my thinking is clear have some funds available with you and live for today not tomorrow cause no one in the world can tell what happens tomorrow although these thoughts are subjective

Also an important expense is not calculated here by everyone which is gifting whether within family or outside, i gift approx woth 50k a year only to my wife alone

Saving 70%-95% 

interesting people earning 1lakh/month saves same as 45000/month people 🤨

Didnt expect such an immense response from dimers when I started this thread. I felt good when I hear some of the fellow dimers start thinking of unloading the bad expenses and focusing on savings. Keep going dimers

single, 2bank accounts (one dormant), 1 debit card, 1 credit card, No Debt, No Loans/EMIs, No long term plans to purchase house/plot/vehicle

I do not have a conscious interest to do any savings per month per se., that also does not infer that I run afoul with my expenses and all; I have a set target on what my expenses should be and am very meticulous at logging every expense incurred.I’ve been using Walnut since mid-2016, which is like super duper helpful to track such stuff. Sure there would always be some unwarranted huge expenses which cannot be forecasted but I am open to the fact that’s something to look out for.

My primary goal is that I do not remain deficit for any specific year (lets say all expenses incurred in 2021 < income_2021)

Any surplus amount I’ve achieved in that year be it a few hundreds or thousands is my ultimate savings💪🏼