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Updated over 3 years ago on . Most recent reply

Sahil Agnihotri's profile image
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Sahil Agnihotri
  • New to Real Estate
  • from Moncton NB
  • Member since Apr 15, 2021
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Sahil Agnihotri's profile image
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Sahil Agnihotri
  • New to Real Estate
  • from Moncton NB
  • Member since Apr 15, 2021
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Sahil Agnihotri
  • New to Real Estate
  • Moncton NB
6
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New Brunswick Real Estate Forum

How much percentage of salary should be saved monthly?

Sahil Agnihotri
  • New to Real Estate
  • Moncton NB
Posted

Good day Everyone,

It is a rhetorical question, How much percentage of salary should be saved monthly? I know this has no correct answer but I'd like to know about people here when they were just starting out. THANKS :)

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Theresa Harris
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Theresa Harris
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Percentage will depend on how much you make.  Someone working minimum wage will have more problems saving a high percentage than someone making 6 figures (in theory).  I buy what I need (basics, nothing fancy), pay my bills and save the rest.  Reducing spending on eating out and buying a good car (nothing fancy) that is reliable and lasts helps a lot.  

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