how much do you save from your earnings
By hotsummer
@hotsummer (13837)
Philippines
February 2, 2009 9:12am CST
Well i am practicing saving money to buy more important things in life. I have earned some money. i don't earn that much but enough to earn or save some good money. but it is not easy to save specailly when we see so many interesting things to buy though they are not that urgently needed. like the gadgets that we are wishing to buy. what makes you decide to buy some things that you are been planning to for so long. do you think that it is really worth the buy or spend on those items that you are not really sure that you are going to be able to use a lot. i am too planning to buy some new cheap gadgets. actually i am planning to buy for some cheap imitation items from china i think. hopefully this will last and will not just be ruined after some time . cause they really seem to be a good buy. what do you think is it really worth it to buy some imitation items or gadget.
2 responses
@chennai_b07 (640)
• India
2 Feb 09
Hope you heard about the old sayings that, "Your first expenses will become your savings"..
Yes, this is the right procedure.. The reason for the US economy problem is basically due to non habit of the savings in the peoples mind.. Because the people in US have the habit of the spending their entire earnings and even more than their earnings by get the loan from the bankers and other financial institutions, this may be their culture..
The Entertainment will play the primery role in the US culture.. Incase if they have the policy of saving a part of their regular income, they will not get into the problem of the financial ressession.
But the country like india, most of the monthly earners will have the practice of savings a minimum % of their income as savings.. this will help them in the future, because in the recent days, lots of the companies have send their employees out, at this point of time, if they have enough savings, they can able to be without job for sometimes, till they get the suitable postings in the next companies..
So, the Savings is the good habit, i request every one to keep a minimum of 40% of your earnings, and if you can you can increase the percentage from 40% also...
If you have this habit, you need not worry about your future, after retirement..
I am trying to invest my earnings upto 40% to savings..
Have a good day.
@chennai_b07 (640)
• India
3 Feb 09
I forget to inform you..
This is my 37th Best Response as of now..
Thanks for the same.
@kiblespatrol (19)
• Philippines
8 Feb 09
i have plans too for my earnings..i plan not to spend them all.just want to taste first the savor of my online earnings then save the rest..for me to ahev something on the rainy days..yeah buying china stuffs are not so bad at all. just also look at the quality it was made..if it is obviously not good then don't buy it..