A general rule of thumb is you should be saving at least 10 to 15 percent of your income after tax.
But, the more, the better.
Your fixed and committed expenses should make up half of your after-tax income.
30 percent is discretionary spending.
Final 20 percent goes to savings.
Daunting and a bit overwhelming but having a plan is the first step.
Good luck!
Source: Readers' Digest Asia.
No comments:
Post a Comment