Saving of money.

India
November 13, 2010 11:26pm CST
Lay by something for the rainy season, so goes the traditional advice of seniors to their juniors. But what percentage of income should one save for the future ? Have you any idea of it ?
1 person likes this
3 responses
@SomeCowgirl (32189)
• United States
20 Jul 11
In the US it's said as this "save money for a rainy day." It's good advice. I think we should save 10 % for ainy day, and 20 % for regular saving while the rest goes to bills and entertainment. I am glad for online earnings as it helps save for the entertainment purposes. Well for me it's saving for every purpose at this time a I don't have a job.
• Philippines
15 Nov 10
The percentage doesn't matter. As long as you're saving money that's great. I know i should save money but i'm still in the part of my life where i'm enjoying everything. I'll probably save up after 2 to 3 years.
@kquiming (2997)
• Philippines
14 Nov 10
i think i'm good with 10 percent, i can't really afford to save more than that... i have so many things to pay for...anyway it's more important that i enjoy life practically, than saving too much for the future that might never come anyway.... just my idea. of course we all differ on this one.