What is your montly savings?
Poll has expired, here are the final results
Hot Deal

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

1687°
Deal Cadet
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

Expired
161 Comments  |  
49 Dimers
  • Sort By
Crusader Crusader
Link Copied

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..

Deal Subedar Deal Subedar
Link Copied

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.

Deal Captain Deal Captain
Link Copied

Government will some day make interest 3% and we’ll become paupers

View 1 more reply
Deal Subedar Deal Subedar
Link Copied
Started working late around 28 (2016) on 35 k in hand salary Currently around 67k In hand. Have Been able to mobilise till date fixed savings instruments (10L approx ) + 2 L approx in equity + nps ...no cc , no loan and emi, been sharing 25-30% of family expenses, Own home and dad still working been helpful through all this
Deal Cadet Deal Cadet
Link Copied

inspiring… keep going plus1 pray

Deal Subedar Deal Subedar
Link Copied

I should stop buying facial kits

Deal Cadet Deal Cadet
Link Copied
I save around 95% of my compensation
Deal Lieutenant Deal Lieutenant
Link Copied
I am in a weird situation rite now. I donot spend more than 10-20% even with all the trips and spends. I take care of whole extended family expenses though me and my father are not in good terms over the last 4 years due to his spending behaviour and he has now piled up debts of about 30% of my savings only in the last four years. And he has nothing to show for these huge amount lost. He gets cheated and pays huge interest to repay others debts and gets angry when i start questioning him for these things .now I feel the purpose of me saving money is lost as anyway these debts are going to come to me later.
Benevolent Benevolent
Link Copied

As per law your debt liability (from dad) will be limited to the assets you get from him.

View 2 more replies
Deal Cadet Deal Cadet
Link Copied
making 1cr is difficult for anyone.... if that is made, it will get doubled in every 7 years at 10% interest.... so focus on savings and your work.....  only work and savings are in your hand.... income is not in your hand 
Deal Captain Deal Captain
Link Copied
1 crore is not worth than 30 lakhs real value 25-30 years from now, the very  minimum needed to live atleast decently post retirement 
View 3 more replies
replyuser
Click here to reply
Reply