Guys in 30s', What is Your Monthly Expenditure (in %), How Much (in %) of Income Do You Save?
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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
One thing would like to share here that if you guys have option to put extra money in PF using VPF … Voluntary PF in your organization then go for the max cut from your basic.
This will reduce your in hand and once you get less, you will avoid unnecessary spends.
Government will some day make interest 3% and we’ll become paupers
inspiring… keep going
I should stop buying facial kits
As per law your debt liability (from dad) will be limited to the assets you get from him.
Good to see this thread..it’s uplifting..
My inputs would be to take a vacation break atleast once a year…
It need not be a costly affair like other Dimers said..
But do plan a good vacation at early years..
Taking your kids along the trip will make them happy…
Click some pictures and videos of them and along with them..
Take these trips before getting those knee pains and joint pains…
don’t postpone or you will regret…
Cherish those memories..
Atlast during our retirement days…the pictures of the kids in those travel times would be cherished not only by us but also the grandchildren..
U get some beautiful stories to share with grandchildren..
Passbooks and bank statements won’t make you happy during these days..but only the memories u created would make u happy..
PS: strictly my personal opinion..not to hurt fellow Dimers..