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 How Much You Save Each Month From Net Salary?, Are you satisfy with the amount save?

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SUSPink Spider
post Feb 24 2013, 01:16 AM

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QUOTE(natsu_dragneel @ Feb 24 2013, 01:09 AM)
my friend can save 100%..bf cover all her expenses..she so lucky..
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Not she lucky, but her bf silly laugh.gif
yltoh
post Feb 24 2013, 02:16 PM

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Those who voted a 100%, you guys must be kidding me.. but i guess it's kinda dumb to vote for 100% unless you are able to prove it to all of us here...

Just briefly explain to us how could that possibly happen. Thank you!
WiLeKiyO
post Feb 24 2013, 02:31 PM

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QUOTE(yltoh @ Feb 24 2013, 02:16 PM)
Those who voted a 100%, you guys must be kidding me.. but i guess it's kinda dumb to vote for 100% unless you are able to prove it to all of us here...

Just briefly explain to us how could that possibly happen. Thank you!
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Is the internet.
EddyLB
post Feb 24 2013, 03:49 PM

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QUOTE(yltoh @ Feb 24 2013, 02:16 PM)
Those who voted a 100%, you guys must be kidding me.. but i guess it's kinda dumb to vote for 100% unless you are able to prove it to all of us here...

Just briefly explain to us how could that possibly happen. Thank you!
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My guess is their passive income is equal to or more than their salary ?
davinz18
post Feb 24 2013, 10:25 PM

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Normally 30% savings. If got some extra, can up to 40-50%
gark
post Feb 25 2013, 10:04 AM

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QUOTE(yltoh @ Feb 24 2013, 02:16 PM)
Those who voted a 100%, you guys must be kidding me.. but i guess it's kinda dumb to vote for 100% unless you are able to prove it to all of us here...

Just briefly explain to us how could that possibly happen. Thank you!
*
Why not..? A LOT of people have investment income such as rental, dividends, interest from PASSIVE income. If these PASSIVE income is enough for daily expenses, you can even save >100% of your SALARY. tongue.gif

Example rental income is around 2.5k-3k/month from a condo in klang valley, if you are frugal, who says you cannot save all your salary? tongue.gif 2.5k-3k is enough for daily expenses if you have no loans to pay up. laugh.gif

If you have no PASSIVE income but resorting to exhausting your primary salary, then perhaps you might want to consider to build your PASSIVE income portfolio... icon_idea.gif

This post has been edited by gark: Feb 25 2013, 10:08 AM
simonlai61
post Feb 25 2013, 10:11 AM

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QUOTE(Pink Spider @ Feb 24 2013, 01:16 AM)
Not she lucky, but her bf silly laugh.gif
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Pity her bf... cool2.gif
winie18
post Feb 26 2013, 01:09 PM

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Just only 10% because of a lot of expenses.In Finland i seen many people who also having difficulties about saving money some are asking accountant for financial management at http://www.tilikanava.com/ some are just controlling their self.Congratulation to those people who save 50% i wanna be like you.Thumbs up.

seiluen
post Feb 26 2013, 01:17 PM

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Less than 5% for me sad.gif
yuen1985
post Feb 26 2013, 01:37 PM

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before can save from passive income when i m still working but now become self freelancer hardly sweat.gif
-Davidoff-
post Feb 26 2013, 02:18 PM

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Can save 30-40% consider very good lor. less than 10% for me. sweat.gif
captivesim
post May 11 2014, 03:07 PM

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From all the above. 10-20% is average saving.

For me i save 20% which equal to RM 1000.

But RM 1000 is not much but better than nothing. Every month there will be unexpected expenses ( Air con rosak, yearly Car Insurance, change water filter, car maintenance, kids wanna buy this buy that etc. plumbing problem)

On the other hand, Investment took a long time for returns. so i dont invest.

Anyone had similar experience. My point is seems so hard to save nowadays thou you want to save. please give rationale comments .
cyberboi
post May 11 2014, 04:05 PM

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Year 2013, i manage to save 50% per mth average.
Year 2014, i plan to save at least 60% or at least maintain at 50% smile.gif
% is based on gross income.. did not include other investment...
sonicbull
post May 11 2014, 04:51 PM

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QUOTE(captivesim @ May 11 2014, 03:07 PM)
From all the above. 10-20% is average saving.

For me i save 20% which equal to RM 1000.

But RM 1000 is not much but better than nothing. Every month there will be unexpected expenses ( Air con rosak, yearly Car Insurance, change water filter, car maintenance, kids wanna buy this buy that etc. plumbing problem)

On the other hand, Investment took a long time for returns. so i dont invest.

Anyone had similar experience. My point is seems so hard to save nowadays thou you want to save. please give rationale comments .
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err, if don't invest then how to earn passive income in order to complement your monthly salary which enable you to save more?
unless you are doing business or do part time jobs, i can't think of other alternatives besides "investment"...
wil-i-am
post May 11 2014, 06:29 PM

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QUOTE(cyberboi @ May 11 2014, 04:05 PM)
Year 2013, i manage to save 50% per mth average.
Year 2014, i plan to save at least 60% or at least maintain at 50%  smile.gif
% is based on gross income.. did not include other investment...
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U hardly spend...
Must balance, otherwise life is meaningless
cyberboi
post May 11 2014, 06:46 PM

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QUOTE(wil-i-am @ May 11 2014, 06:29 PM)
U hardly spend...
Must balance, otherwise life is meaningless
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i did spent especially on food and entertainment... tongue.gif
But this year i plan to control more on food and drinks... advise from doc doh.gif
big contributor of such high % of saving is due to i'm debt-less at this moment.
Car and study loan had been fully paid..
planning to get a hse in near future, by then there will be a big drop on my saving..

i'm bad in investment LOL still learning
klein
post May 11 2014, 08:37 PM

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around 30-40%
wongmunkeong
post May 11 2014, 08:53 PM

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Do you save money from your net salary (after deducting EPF, income tax) each month? If yes, how much do you save?
from 2010 to now: 42%+ to 46%+,
except for 2013 due preparation & birth of child.
This year, expect 45%+ saved from net salary +net bonus (fingers crossed & goals set).
Excludes investment & trading returns which are re-invested.

Are you satisfy with the amount you save?
Nope - can do better by cutting down mercilessly on things on low priority to me.
Aiming for 50% - balance of spending & saving tongue.gif

If not, how much you would like to save?
50% as balance.

And are you still single or married? Are you still staying at your parents house or independent?
Married, independent, with children (more than 1)

Those family & working stiff men here who manages to save >50% pls share how U do it notworthy.gif

This post has been edited by wongmunkeong: May 11 2014, 08:54 PM
Bonescythe
post May 11 2014, 09:45 PM

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QUOTE(wongmunkeong @ May 11 2014, 08:53 PM)
Do you save money from your net salary (after deducting EPF, income tax) each month? If yes, how much do you save?
from 2010 to now: 42%+ to 46%+,
except for 2013 due preparation & birth of child.
This year, expect 45%+ saved from net salary +net bonus (fingers crossed & goals set).
Excludes investment & trading returns which are re-invested.

Are you satisfy with the amount you save?
Nope - can do better by cutting down mercilessly on things  on low priority to me.
Aiming for 50% - balance of spending & saving tongue.gif

If not, how much you would like to save?
50% as balance.

And are you still single or married? Are you still staying at your parents house or independent?
Married, independent, with children (more than 1)

Those family & working stiff men here who manages to save >50% pls share how U do it  notworthy.gif
*
Your income is solo effort? Or wifey also got contribute a bit ?
cyberboi
post May 11 2014, 11:11 PM

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QUOTE(wongmunkeong @ May 11 2014, 08:53 PM)
Do you save money from your net salary (after deducting EPF, income tax) each month? If yes, how much do you save?
from 2010 to now: 42%+ to 46%+,
except for 2013 due preparation & birth of child.
This year, expect 45%+ saved from net salary +net bonus (fingers crossed & goals set).
Excludes investment & trading returns which are re-invested.

Are you satisfy with the amount you save?
Nope - can do better by cutting down mercilessly on things  on low priority to me.
Aiming for 50% - balance of spending & saving tongue.gif

If not, how much you would like to save?
50% as balance.

And are you still single or married? Are you still staying at your parents house or independent?
Married, independent, with children (more than 1)

Those family & working stiff men here who manages to save >50% pls share how U do it  notworthy.gif
*
any loan? such as car loan, hse loan, insurance that need to pay monthly?
if yes.. notworthy.gif
manage to save so much even tho u got kids..

guess i need to increase my saving plan.. since i'm still single lol

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