how much to save per month
++
https://www.tiaa.org/public/offer/insights/starting-out/how-much-of-my-income-should-i-save-every-month
retirement
10 percent given by most employer so another 15 ^ = 25%
Emergency fund: 6 months to 1 year= 6 lac to 12 lac BDT
another 25% for home,education,wedding,car,big buys,medical
So total savigs should be 50%-10%=40%
50/30/20 rule
at least 20% of your income should go towards savings. More is fine; less is not advised.
another 50% (maximum) should go towards necessities, while 30% goes towards discretionary items.
http://lifehacker.com/the-20-question-how-much-of-my-pay-should-i-really-sa-1443199935
According to the 50/20/30 rule, your monthly budget should be divided into three distinct categories of expenses: 50% should be reserved for essentials (think housing and food), 30% should be allocated for lifestyle choices (things like nights out and 121 channels of cable), and at least 20% should go toward what we call “financial priorities,” which include debt payments, retirement contributions and, of course, savings.
15 k housing, cut food to half so save 15 k, so total saving 30 K.
elec bill another 4k.transprot another 3k.
or else you nee another 50 k income.
++
https://www.tiaa.org/public/offer/insights/starting-out/how-much-of-my-income-should-i-save-every-month
retirement
10 percent given by most employer so another 15 ^ = 25%
Emergency fund: 6 months to 1 year= 6 lac to 12 lac BDT
another 25% for home,education,wedding,car,big buys,medical
So total savigs should be 50%-10%=40%
50/30/20 rule
at least 20% of your income should go towards savings. More is fine; less is not advised.
another 50% (maximum) should go towards necessities, while 30% goes towards discretionary items.
http://lifehacker.com/the-20-question-how-much-of-my-pay-should-i-really-sa-1443199935
According to the 50/20/30 rule, your monthly budget should be divided into three distinct categories of expenses: 50% should be reserved for essentials (think housing and food), 30% should be allocated for lifestyle choices (things like nights out and 121 channels of cable), and at least 20% should go toward what we call “financial priorities,” which include debt payments, retirement contributions and, of course, savings.
15 k housing, cut food to half so save 15 k, so total saving 30 K.
elec bill another 4k.transprot another 3k.
or else you nee another 50 k income.
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