What part of your earnings do you save for your future needs?

@dhawanbm (3705)
India
June 10, 2009 2:38am CST
Its earnings and savings, two sides of the same coin, spending today and saving for tommorow , thats all we need to do. Personally I feel to save about 20% of my earnings in some deposits, and the rest is split in doemstic uses. What part of your earnings do you save for tomorrow?
1 person likes this
3 responses
@bjcyrix (6910)
• Philippines
10 Jun 09
I save all of it. At least until when I really need the cash for unforeseen expenditures or when the group really needs the extra cash so we can continue with our operations. Sometimes it is used for rent on trade fairs and other school activities. Though Ive only used part of it and the rest are still kept safe. I also wont deny that I spend a part of it on myself, since it is my earning and I have every right to do whatever it is that I want with it when I finally have it in cash.
@sublime03 (1811)
• Philippines
10 Jun 09
I believe saving half of what I earn would get me somewhere and be able to save more. I want to make sure that even if I lose my job I still have funds saved for like a year. It is not bad to keep half since at some point things become more expensive and thus saved funds are good to have in times of need. But again it always depends on how you save and also how you use your money.
@mensab (4208)
• Philippines
10 Jun 09
for now, i have incurred a loan to which i have to pay this year. that is my priority and where my income goes aside from the domestic expenses. i am able to save a little, but it is not a fixed amount. whenever i have a little extra, i immediately put it aside for my savings. i think it is good to save any amount than to wait for a big amount to be saved. a habit of saving is developed through this little savings. it takes discipline to continue saving because there are always new things that tempt us to spend.