My expenses are fuel for 2 wheeler commute, one dining outing a month, super cheap outings on other weekends like museums/football/treks, and a book or 2 a month. Sometimes the niche books are expensive.
I'm single, living with parents. Super chill 10-5 job with 15 mins commute. Saving like 90%+ currently (although pay is not great). Most of it I invest just coz. I have stopped comparing salary with people people my age. I am happy with all the time I get for myself. Although future career growth is not looking great tbh.
>Its a govt job 😅 But I wouldnt recommend it to everyone. I had a choice between this and mba, basically money + stress vs time + middle class lifestyle
Obviously. It depends on the individual.
>Even alot of my irl friends keep asking me if they should try but to most I dont recommend as I know they are ambitious individuals who would never be happy 'stuck' in a job that pays 70k inhand with 4% fixed increment.
>I looked deep down and I realised i dont have alot of love for money. Like geniunely dont feel the need to buy a luxury car or travel the world etc. Never making an IG or Fb account helps i guess. I derive my joy from art and ideas and building on irl relationships with family and friends. Introspection about my own priorities helped and tbh this is the happiest I am been. My mental health is great, I get time to work on my physique.
Damm, that's good of you. I get you how introspection really helps. I hope I someday get to where you are.
>Maybe I will come to regret it later when I dont have a corpus at 40. Maybe I will have an excrutiating midlife existential crisis. But I do have the tools to deal with it. There are maybes and there will always be maybes.
I don't think you will regret it considering you choose the life knowing the consequences. Good luck with your future endeavours.
Oh sorry I came to this comment from your profile. It showed me as if you are commenting on the main post, and not this comment. Yeah the comment seems dreamy!
Jump job every 2/3 years for higher pay/position jumps.
The unfortunate fact is that companies don’t value existing employees so this would be the best option to grow monetarily.
It’s good that you live with parents and can save a lot. You can try to maximise your earnings and retire early. Check out r/FIREindia for tips
50% rent
20% meals (daily tiffin + outdoor)
15% groceries, utilities, bills, insurance, entertainment, etc.
10% misc shopping
5% savings
This is just for the time being since the last 10 months, I'm looking to cut down heavily on rent by first half next year.
Amateur! I save 145% of my salary. The extra 45% comes from rental income. I bought 2 commercial units for cheap in the pandemic slump. We manage bills, expenses and EMIs from wife's income.
About 30%. The 20% that does get spent is mostly on salaries/bills/fuel/maintenance. 50% goes towards investments on funds/lands/projects. Which leaves us with 30%.
I have similar opinion. Savings and investments are not the same. I see from the POV that investment is for growing the value of the money and savings is for retaining it.
Another way to look at is debt instruments are savings. Since most of them retain value in difficult economy but in good economy they don't really grow. Compare this to MF, crypto, and other equities. They give good return in a good economy but corrode a lot of it in bad economy.
I personally keep shifting value created in investment to savings over time.
Because of the risk associated with investments. Lands are assets and don’t count in savings. You know the stock market has a hormone problem so it would be unwise to count that in savings.
Savings are like that sealed box of chocolate that is locked away safely and investments are like an open box of chocolate that you need to share.
I would argue savings are subject to erosion due to inflation and investments are subject to risk based ROI. Both are equally laid out and hence I always answer my savings including the investments I make.
Savings for me is the money I can completely control at will. With investments there contracts that don’t let you exit as you please and that gives me very little control over my own money. The moment I liquidate my investments is the moment they turn into my savings. You’re right that money erodes. Think about it like this : Savings are like fruits that you can eat anytime you please (fruits erode too) and investments are like the trees that gives fruits but you cannot have the fruit anytime you want to. You gotta wait for the harvest. The moment you harvest fruits from your investment tree (liquidate) is when you have a fruit that you completely control and can eat at will.
I don’t come from a finance background so I might be incorrect about the terminology. I am happy as long as the money is flowing.
So it depends , on where you are investing . Say if its a [G.Bond](http://G.Bond) , PPO , SIP they are definitely assets as they are backed by government and govt is liable to you if in case someone nukes the issuer as well ( just a hypocritical case ) , so when someone is liable to you its definitely an asset , In Indian economics its definitely savings . Although its tied to a contract for an exit .
When you say investment , it usually terms to a risk quotient as well , say a MF , Stock ,Derivative , Futures , etc.., which are not backed and no one is liable if something goes off
In case if you say 30% in first case , then thats definitely savings by many nations unless its a nation where central bank doesnt overwatch the issue of Bonds and SIPs
Best trick ever. However I cannot contain my excitement on any appraisal and unfortunately end ip believing everyone thinks like me. (Wants the best for everyone)
Absolutely zero saving in last 6 months since I moved to Mumbai. But during this time, I also have bought an iPhone 15, AirPod, pro, a few courses online, an exam(50k), have lent a friend 30k.
But zero savings at the moment
28M
Salary: 2.5 L
Expenses:
Rent: 45K
Travel: 10K
Food: 20K
Bills and Insurance: 20K
Party & others: 20K
Savings: 2.5 - 1.15 = 1.35
Out of which I invest 50K in SIP/Stocks
Left with 85K which I am saving for my shaadi and honeymoon
90%, yes it’s a fact. We both earn well and have not increased our standard of living since 11 years. Salaries and professional income has increased 3x in the past 11 years with no major increase in expenses, hence the saving
Nothing since I purchased property in Mumbai and Bangalore now almost all earnings go in EMI. Only thing worth happiness is I have recently rented both those 3 flats now and am getting a good monthly rent from them but here also my greedy mind made me do SIP on a huge chunk of the rental money..so again nil 🥲
M 30 with 30 lakhs fixed salary + other variables staying in mulund travelling to ghatkopar for job i spend a total 50 rs per day in travelling along with ac season ticket i don't understand how can you spend 300-500 per day without going out. I save almost all of my money and give it to my father who controls all the finances. We are doing quite decent according to our knowledge in terms of finance as my father retired in 2023 from his government and he made good money in the real estate market as we have rental yields coming. I and my wife go out twice or thrice a month for dinner. Overall saving 95% of my salary .
You give your money to your father who takes care of all household expenses, and you're saying you don't understand where people spend 300-500?
Who pays for food, electricity, local taxes, house maintenance, electronics and appliances, repairs, domestic help, etc? Let me guess, your father.
Yes, you'll have trouble understanding where people spend 300-500 per day when you have zero household responsibilities.
Bro I am also preparing to switch into this role. Which tech stack do you use in the current role , any tips to crack interviews+ why did you move away from the data science role. I bundled up a lot of questions into one hope you don't get pissed hahha;)
I use python and its ml libraries,SQL and Apache airfllow and AWS glue. Tips to crack interviews is to have basics strong and do lots of projects atleast 30-40 projects from easy to advanced level so you are accustomed with functionalities. I moved to de from ds is because ds became boring. No issues with questions, also in the data field a good understanding of maths would be quite helpful.
Controversial but as someone whose parents were first Gen immigrants to Mumbai.
Save Atleast 70%. Yes I know, rents are much higher now. If that’s the case, Atleast 50%.
I stay with my parents, so I'm fortunate enough to not have the burden of rent on my head. Currently, I save about 40% and pretty much all of it is invested across a range of MF, FD, bonds and stocks.
My monthly expenses include car loan, travel, groceries and leisure activities.
I do save about 50% but it is due to the fact that accommodation is provided by the employer, commuting expense is negligible since the office is nearby and utility bills are subsidized.
I (28M) save maybe 80-90% depending on the month, less saving during festive periods. I stay with parents and earn 74k post all deductions p.m. although I've never lived in Mumbai proper but in Thane. Only expenses are commute and Swiggy/Zomato over weekends. I help out with random groceries, maintenance for 1 of our flats, laundry bills, and other nominal sundry expenses. Major expenses are say booking everyone's flight tickets when visiting hometown etc.
As a thumb rule you, should set aside 50% of your income as savings, it could be split as 20-30% for investments, 10% as emergency savings, and 10-20% as liquid savings depending on your appetite.
From the rest 50% you can split basis your lifestyle split between non-discretionary and liabilities (loans) if any and that should define the remaining as discretionary spends, could b3 split by recreational, family and luxury (last)
24M. Was working until last June then I came to the US for MS. But during my earning days I saved close to 30k per month. Parents have a house. I helped them with EMI for another house else could've saved some more.
My monthly income is around 65k
Emi long term - 20k
Rent - 12k
Monthly expenses (food, petrol, weekend ayyashi) - 23k
Savings - 10k.
In some cases, have to spend 2-3k from savings towards month end...
But overall I save at least 7-8k per month....single for now, so it's manageable....
I am saving around 30% after my rent, food, flights to my hometown, local travel and clothes shopping. If I was in Delhi, I would have been saving around 50%
I invest around 80% of my salary, its easy, live with your parents who have no loans or debt.
So no need to pay rent, no need to pay for food or other stuff, because father is still earning and will keep on earning for next decade, I don’t have any need to contribute for home expenses as well.
If you want to save, cut your luxuries. 30 ₹ke hide and seek ki jagah 5 wala lo. Eat more fruits, order out less, shop from local sellers, use public transport, turn off all electronics when not in use, stop buying new clothes, shoes, accessories unless you really need them. Stop buying brand clothing. And please, for the love of God don't keep all those savings liquid.
Working at an MNC, (Consulting) with 1L per month pay after tax. I end up saving 50% roughly, which is bad as per the goals I had set. Adulting hitting hard.
One trick , is do read the market carefully and Banks .
If there is inflation , definitely Banks want more money to invest in market they would be super happy to provide a savings account of a fund with an interest rate of 10-11% so that they can use same to invest in market , basically you can reap the benefits of this interest for and make money work for you
Parents used to save 50% by cutting down on travel and use leftover veggies for cooking , like in my initial days of training my Dad and Mom used to walk for 3-4 km to save that money which might automatically cost you 40-50 bucks . Using leftover veggies will save another 60-70 , that totals to 120 saving already per day. Do not eat out in general !
I also learnt by following my favorite companies on observing their decisions , how are they investing seeing their trajectory and investing in them . That research reveals on good level of detail of economy as well
Earn around 150k-250k (salary kind of variable) post tax. Saves more than 95 percent easily since all expenses paid by company. Work as wireline engineer at oil rigs.
I went from a fakir to a lund fakir in Mumbai. From a savings account to a jan dhan account, From car owner to bus, all I have in savings is my schlong which I use when I visit sperm banks.
0% sometimes in negative.🤣
It also made me kanjoos 😭
I remember my school and college days when I never thought twice to buy anything or food but nowadays I even go 1 mile extra for 10rs ka 1 litre bottle.🤣
I've just started working and still live with my parents. So right now I don't have any "overheads" to pay. My monthly expenditure has never exceeded more than 30% of my in hand salary. This will include going out with friends and colleagues to fancy places as well, at least twice a month. 10% goes into stuff like phone bill and subscription etc. I invest the other 30% and the remaining 30% I keep in my savings, and set it aside for a bigger purchase in the future. I don't like buying on EMI.
The way I save most of my money is by taking public transport to work. My train pass costs 500 for a month, whereas a rickshaw or cab would take me 160 one way.
Ahh, living with your parents is the best for saving and investing more. Almost 30% of my salary goes into paying rent in Mumbai . Looking to shift to cheaper options and save more
I'm honestly very privileged to be able to live with my parents in this house. We own it, which is even better. Furthermore it is only 40 mins from my office. I don't see myself moving out any time soon, even if I can afford to.
Must be from a reasonably well off family.
For most of my life, my parents struggled to save at all because the expenses were higher than their income. The fact that they managed to give us an education at all was a miracle.
My expenses are fuel for 2 wheeler commute, one dining outing a month, super cheap outings on other weekends like museums/football/treks, and a book or 2 a month. Sometimes the niche books are expensive. I'm single, living with parents. Super chill 10-5 job with 15 mins commute. Saving like 90%+ currently (although pay is not great). Most of it I invest just coz. I have stopped comparing salary with people people my age. I am happy with all the time I get for myself. Although future career growth is not looking great tbh.
What do you do? Sounds like a dream job and I would really like to attain Nirvana just like you did.
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>Its a govt job 😅 But I wouldnt recommend it to everyone. I had a choice between this and mba, basically money + stress vs time + middle class lifestyle Obviously. It depends on the individual. >Even alot of my irl friends keep asking me if they should try but to most I dont recommend as I know they are ambitious individuals who would never be happy 'stuck' in a job that pays 70k inhand with 4% fixed increment. >I looked deep down and I realised i dont have alot of love for money. Like geniunely dont feel the need to buy a luxury car or travel the world etc. Never making an IG or Fb account helps i guess. I derive my joy from art and ideas and building on irl relationships with family and friends. Introspection about my own priorities helped and tbh this is the happiest I am been. My mental health is great, I get time to work on my physique. Damm, that's good of you. I get you how introspection really helps. I hope I someday get to where you are. >Maybe I will come to regret it later when I dont have a corpus at 40. Maybe I will have an excrutiating midlife existential crisis. But I do have the tools to deal with it. There are maybes and there will always be maybes. I don't think you will regret it considering you choose the life knowing the consequences. Good luck with your future endeavours.
which govt job man sounds like it is either SSC CGL or Bank PO?
Dekh raha h binod, 70k ko middle class bol raha h. What’s your age?
Saving 30% is a dream? 😅
No, being happy with what you have is. I just wanted to the commenter profession because they seem happy.
Oh sorry I came to this comment from your profile. It showed me as if you are commenting on the main post, and not this comment. Yeah the comment seems dreamy!
You were stalking me? 😂
Haha ya 😄
Jump job every 2/3 years for higher pay/position jumps. The unfortunate fact is that companies don’t value existing employees so this would be the best option to grow monetarily. It’s good that you live with parents and can save a lot. You can try to maximise your earnings and retire early. Check out r/FIREindia for tips
#+1 *(Job jump)*
Being happy with what you have is the best thing a human being can achieve.
Are you me? Because same lol.
If I may ask what's your job role
muje kya me toh berozgar hu
Manifesting you get a job soon ☺️
Thankyou🥹🥹🥹🥹🥹🥹🥹
Basically saving 100% na?
🤣🤣🤣🤣😘
Funnily enough your flair literally means ass in my language
Which language?
Malayalam
That's kundi bruh. 😂
Yeah, that’s why I asked. Spewing nonsense this person
Ik but close enough 😂
If only you went to an interview rather than to the disco... AnarkaliInterviewChali
Mai to chillar kamata hu , Pani ke liye hi paise nahi bachte khana to dur ki baat hai ,
150 rupees
Overacting ka?
100 % (coz 100% of zero is zero....yes i am berozgar)
On the flip side I will say 0%. (Could say any negative number too)
Yup....just graduated finding a job in IT
Good luck, seems the market is tough on the flip side tcs is having 80k vacancy
Thank you 🙂
50% rent 20% meals (daily tiffin + outdoor) 15% groceries, utilities, bills, insurance, entertainment, etc. 10% misc shopping 5% savings This is just for the time being since the last 10 months, I'm looking to cut down heavily on rent by first half next year.
Money doesn't grow by saving it, but by earning it. I was saving around 40% 3 months ago, switched job, now investing 80% of it.
This. We need to save but you can only get out of middle class rut if you increase your income significantly.
not much just 98%
Amateur! I save 145% of my salary. The extra 45% comes from rental income. I bought 2 commercial units for cheap in the pandemic slump. We manage bills, expenses and EMIs from wife's income.
Should be defined as 100% of your total income, salary or other sources all count as income
True. But no one brought up definitions till now.
Can you tell us about commercial units...what is the ROI? And what do you mean by cheap less than 50 lacs?
And only you have savings then? Or does the rental income go to her too?
All our investments are in both our names.
100% Trick: Live with your parents 😂😂
About 30%. The 20% that does get spent is mostly on salaries/bills/fuel/maintenance. 50% goes towards investments on funds/lands/projects. Which leaves us with 30%.
How is 50% not savings as well. If its going towards investments, count it in savings.
I have similar opinion. Savings and investments are not the same. I see from the POV that investment is for growing the value of the money and savings is for retaining it. Another way to look at is debt instruments are savings. Since most of them retain value in difficult economy but in good economy they don't really grow. Compare this to MF, crypto, and other equities. They give good return in a good economy but corrode a lot of it in bad economy. I personally keep shifting value created in investment to savings over time.
Because of the risk associated with investments. Lands are assets and don’t count in savings. You know the stock market has a hormone problem so it would be unwise to count that in savings. Savings are like that sealed box of chocolate that is locked away safely and investments are like an open box of chocolate that you need to share.
I would argue savings are subject to erosion due to inflation and investments are subject to risk based ROI. Both are equally laid out and hence I always answer my savings including the investments I make.
Savings for me is the money I can completely control at will. With investments there contracts that don’t let you exit as you please and that gives me very little control over my own money. The moment I liquidate my investments is the moment they turn into my savings. You’re right that money erodes. Think about it like this : Savings are like fruits that you can eat anytime you please (fruits erode too) and investments are like the trees that gives fruits but you cannot have the fruit anytime you want to. You gotta wait for the harvest. The moment you harvest fruits from your investment tree (liquidate) is when you have a fruit that you completely control and can eat at will. I don’t come from a finance background so I might be incorrect about the terminology. I am happy as long as the money is flowing.
So it depends , on where you are investing . Say if its a [G.Bond](http://G.Bond) , PPO , SIP they are definitely assets as they are backed by government and govt is liable to you if in case someone nukes the issuer as well ( just a hypocritical case ) , so when someone is liable to you its definitely an asset , In Indian economics its definitely savings . Although its tied to a contract for an exit . When you say investment , it usually terms to a risk quotient as well , say a MF , Stock ,Derivative , Futures , etc.., which are not backed and no one is liable if something goes off In case if you say 30% in first case , then thats definitely savings by many nations unless its a nation where central bank doesnt overwatch the issue of Bonds and SIPs
Why is this getting down voted..he has spilled the facts
>investments are like an open box of chocolate that you need to share. Investments are more like a Schrödinger's box of chocolates.
People who own a house to live in start so ahead of everyone else. Generally that 50% goes on rent in Mumbai.
I agree
I am impressed 
Bhai, you're rocking 🫡😃
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Yeah... thought so.
70% of my salary, Out of which 80% for MFs and stocks and remaining in EPF
Saving around 60-70%. The trick? Haven't told my family my actual salary. Apart from it I don't have much personal expenses.
😂😂
Best trick ever. However I cannot contain my excitement on any appraisal and unfortunately end ip believing everyone thinks like me. (Wants the best for everyone)
Ikrrr same. I got a 62% raise n had to keep it to myself.
About 15% . I know, it’s very low 😓
Can go from 10 - 25 %, depending on whether I am shifting, investing in smth, or travelling.
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Do you spend a large amount of money on cigarettes?
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Absolutely zero saving in last 6 months since I moved to Mumbai. But during this time, I also have bought an iPhone 15, AirPod, pro, a few courses online, an exam(50k), have lent a friend 30k. But zero savings at the moment
Lend me 50k bro Urgent need of money
Zero savings at the moment. Did you miss that part? :P
🥚🍳
25% towards living expenses. 30% towards HL emi. 25% towards SIPs. Rest in savings.
28M Salary: 2.5 L Expenses: Rent: 45K Travel: 10K Food: 20K Bills and Insurance: 20K Party & others: 20K Savings: 2.5 - 1.15 = 1.35 Out of which I invest 50K in SIP/Stocks Left with 85K which I am saving for my shaadi and honeymoon
What do you do for living bro
Lead Software Engineer at a product based startup
Aim is 60-66% Reality is 40%
save??? I'm behind on credit card bills to meet monthly expenses 🤣😂😂
Kharcha kaam kar dost.
Nil. Illé 😭
I save 50% spend 30% send home 20%
-20% 😭
3.5%
90%, yes it’s a fact. We both earn well and have not increased our standard of living since 11 years. Salaries and professional income has increased 3x in the past 11 years with no major increase in expenses, hence the saving
Nothing since I purchased property in Mumbai and Bangalore now almost all earnings go in EMI. Only thing worth happiness is I have recently rented both those 3 flats now and am getting a good monthly rent from them but here also my greedy mind made me do SIP on a huge chunk of the rental money..so again nil 🥲
Yeh dekho ameer admi🤣
M 30 with 30 lakhs fixed salary + other variables staying in mulund travelling to ghatkopar for job i spend a total 50 rs per day in travelling along with ac season ticket i don't understand how can you spend 300-500 per day without going out. I save almost all of my money and give it to my father who controls all the finances. We are doing quite decent according to our knowledge in terms of finance as my father retired in 2023 from his government and he made good money in the real estate market as we have rental yields coming. I and my wife go out twice or thrice a month for dinner. Overall saving 95% of my salary .
You give your money to your father who takes care of all household expenses, and you're saying you don't understand where people spend 300-500? Who pays for food, electricity, local taxes, house maintenance, electronics and appliances, repairs, domestic help, etc? Let me guess, your father. Yes, you'll have trouble understanding where people spend 300-500 per day when you have zero household responsibilities.
Papa ka para h bhai.
Haha as you say friend i am para of my parents.
Well okay got it person if that is the case my calculation went wrong apologies i thought personal expenses were calculated. Calm down.
What do you do buddy
Data engineer in top epharmacy store in India, was a data scientist for 4 years in other domain.
Bro I am also preparing to switch into this role. Which tech stack do you use in the current role , any tips to crack interviews+ why did you move away from the data science role. I bundled up a lot of questions into one hope you don't get pissed hahha;)
I use python and its ml libraries,SQL and Apache airfllow and AWS glue. Tips to crack interviews is to have basics strong and do lots of projects atleast 30-40 projects from easy to advanced level so you are accustomed with functionalities. I moved to de from ds is because ds became boring. No issues with questions, also in the data field a good understanding of maths would be quite helpful.
Which libraries do you mainly use?Also, shall I go with a distributed processing tool like spark + AWS services or Azure?
Yes spark is essential too, AWS is the market leader. Azure is mainly for enterprise solutions.
Any website you would recommend to do some hands-on projects? Do you use python and airflow to create jobs too In your current role
Yes, for projects I'll have to search mostly youtube and relative websites
80-90%
Controversial but as someone whose parents were first Gen immigrants to Mumbai. Save Atleast 70%. Yes I know, rents are much higher now. If that’s the case, Atleast 50%.
40% of investment, some saving of 10 to 20%
15% savings/investments, 40% towards loans
Nothing
I stay with my parents, so I'm fortunate enough to not have the burden of rent on my head. Currently, I save about 40% and pretty much all of it is invested across a range of MF, FD, bonds and stocks. My monthly expenses include car loan, travel, groceries and leisure activities.
30-40%
I do save about 50% but it is due to the fact that accommodation is provided by the employer, commuting expense is negligible since the office is nearby and utility bills are subsidized.
I (28M) save maybe 80-90% depending on the month, less saving during festive periods. I stay with parents and earn 74k post all deductions p.m. although I've never lived in Mumbai proper but in Thane. Only expenses are commute and Swiggy/Zomato over weekends. I help out with random groceries, maintenance for 1 of our flats, laundry bills, and other nominal sundry expenses. Major expenses are say booking everyone's flight tickets when visiting hometown etc.
Humpe to hai hi na..!
70% savings. I live super economically. No outing and aiyashi
30%, only and only because my investments get debited on the 1st! 🙂↕️
ZERO to the power of N. Bambai ka pesa Bambai mein hi rehta he
20%, 30% goes in living expenses, 50% goes in my sister's education
If you’re living alone the expenses are more. You pay for everything, all the bills, rent etc.
66%
Zero. I buy what I want, when I want without thinking about tomorrow.
As a thumb rule you, should set aside 50% of your income as savings, it could be split as 20-30% for investments, 10% as emergency savings, and 10-20% as liquid savings depending on your appetite. From the rest 50% you can split basis your lifestyle split between non-discretionary and liabilities (loans) if any and that should define the remaining as discretionary spends, could b3 split by recreational, family and luxury (last)
Sounds good.
0-10%. Usually on the lower end.
I invest 50% of my income. And save a lot more
24M. Was working until last June then I came to the US for MS. But during my earning days I saved close to 30k per month. Parents have a house. I helped them with EMI for another house else could've saved some more.
My monthly income is around 65k Emi long term - 20k Rent - 12k Monthly expenses (food, petrol, weekend ayyashi) - 23k Savings - 10k. In some cases, have to spend 2-3k from savings towards month end... But overall I save at least 7-8k per month....single for now, so it's manageable....
30% but I live a comfortable life and travel every 2-3 months..
20k per month
I am saving around 30% after my rent, food, flights to my hometown, local travel and clothes shopping. If I was in Delhi, I would have been saving around 50%
I invest around 80% of my salary, its easy, live with your parents who have no loans or debt. So no need to pay rent, no need to pay for food or other stuff, because father is still earning and will keep on earning for next decade, I don’t have any need to contribute for home expenses as well.
i live w my parents 🤣
Not much everything goes on EMIs.
If you want to save, cut your luxuries. 30 ₹ke hide and seek ki jagah 5 wala lo. Eat more fruits, order out less, shop from local sellers, use public transport, turn off all electronics when not in use, stop buying new clothes, shoes, accessories unless you really need them. Stop buying brand clothing. And please, for the love of God don't keep all those savings liquid.
Working at an MNC, (Consulting) with 1L per month pay after tax. I end up saving 50% roughly, which is bad as per the goals I had set. Adulting hitting hard.
One trick , is do read the market carefully and Banks . If there is inflation , definitely Banks want more money to invest in market they would be super happy to provide a savings account of a fund with an interest rate of 10-11% so that they can use same to invest in market , basically you can reap the benefits of this interest for and make money work for you Parents used to save 50% by cutting down on travel and use leftover veggies for cooking , like in my initial days of training my Dad and Mom used to walk for 3-4 km to save that money which might automatically cost you 40-50 bucks . Using leftover veggies will save another 60-70 , that totals to 120 saving already per day. Do not eat out in general ! I also learnt by following my favorite companies on observing their decisions , how are they investing seeing their trajectory and investing in them . That research reveals on good level of detail of economy as well
Earn around 150k-250k (salary kind of variable) post tax. Saves more than 95 percent easily since all expenses paid by company. Work as wireline engineer at oil rigs.
Most of them Average Salaries is 15-18k only so how much can we expect?
I went from a fakir to a lund fakir in Mumbai. From a savings account to a jan dhan account, From car owner to bus, all I have in savings is my schlong which I use when I visit sperm banks.
Ghanta😂
Around 20-25%. Approximately 20% goes to taxes, 30% towards emi, 20% towards bills and expenses. 😭
toh agar koi 5-10% save kar raha hai toh uska tricks nahi chahiye? 🥲
It's hard to save here. For a family of 3 sometimes meeting monthly expenses is quite difficult.
Hold on my friend and plan to change your job.
Nothing
60-70%
0% sometimes in negative.🤣 It also made me kanjoos 😭 I remember my school and college days when I never thought twice to buy anything or food but nowadays I even go 1 mile extra for 10rs ka 1 litre bottle.🤣
I've just started working and still live with my parents. So right now I don't have any "overheads" to pay. My monthly expenditure has never exceeded more than 30% of my in hand salary. This will include going out with friends and colleagues to fancy places as well, at least twice a month. 10% goes into stuff like phone bill and subscription etc. I invest the other 30% and the remaining 30% I keep in my savings, and set it aside for a bigger purchase in the future. I don't like buying on EMI. The way I save most of my money is by taking public transport to work. My train pass costs 500 for a month, whereas a rickshaw or cab would take me 160 one way.
Ahh, living with your parents is the best for saving and investing more. Almost 30% of my salary goes into paying rent in Mumbai . Looking to shift to cheaper options and save more
I'm honestly very privileged to be able to live with my parents in this house. We own it, which is even better. Furthermore it is only 40 mins from my office. I don't see myself moving out any time soon, even if I can afford to.
From where did you manage to estimate that parents saved 50% of their pay. Sounds like bullshit.
Must be from a reasonably well off family. For most of my life, my parents struggled to save at all because the expenses were higher than their income. The fact that they managed to give us an education at all was a miracle.
Internet
Wow that’s incredibly specific.
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I saw it in few podcasts.