Monday, November 3, 2025

What percentage of income should go to savings?

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    • #484
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    • #651
      Sang Lucci
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      As a student in newyork, saving plays a huge part in order to cutoff for the things that I personally like to buy. Knowing the fact that there is a family who is supporting me, but still as a university student there is a planning that we need to do as well.

      I can explain the expenses and wants and savings in percentage below:
      50 % is the Needs _ food, transportation, study supplies, minimal rent
      30 % are my wants like Guitar strings, Sneakers, new jacket, New books etc so these are the things that are depreciable overtime and requires investment.
      remaining 10 – 20 % are the expenses for the savings that are a must.

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