Quote from: @forxample on June 07, 2023, 05:54:59 PM

Quote from: uswa56 on June 06, 2023, 11:50:48 AM

Quote from: woez on June 06, 2023, 06:40:33 AM

Saving a third of your monthly income can be a realistic goal, but it depends on factors such as where you live and your expenses. If you earn $3,000 per month and have moderate expenses such as rent, food, utilities, phone bills, travel, and occasional entertainment, it's possible to save $1,000.

However, it's important to consider the cost of living in your area and your personal financial obligations. It also requires budgeting and the discipline to save consistently to create a viable savings plan.

spending to meet basic needs is a very important thing to pay attention to and if it has been fulfilled then saving is something that must be done regardless of how much income you get per month and if expenses are higher or just barely with your income then you can't be silent, you have to get out of it and look for additional income to be able to save.
saving is very important for future life and if someone knows the benefits of saving then he will do anything to be able to fulfill it, the important thing is there is a desire to save then it won't be difficult.

Not hard to say but hard to do. Everyone's income is different as well as their needs are also different. It's hard to start saving, let alone saving from a third of my income every month. What happens is that sometimes my income for one month cannot meet my needs for the next month, so I have to borrow money to just survive.

maybe in the future I will try to manage my finances and set aside some of my income every month to start saving. And trying to find additional income to add to my savings. to answer future problems such as unexpected events (accidents) and to prepare for old age.

I was also concerned as some people believe that saving 1/3 of income is not hard, I believe this is personal as income varies. There are people that would not be able to spend up to 1/10 of their income in a month, while it will be difficult for some to save anything in a month. Just like you, there are times you borrow to survive, which is why I believe that the answer to this question will always vary in relation to an individual's income and responsibility.

I included responsibility because some people earn more than enough but their responsibility is too much for them. This might be a family person or someone that the extent family depends on him.