Saving one third what you earn monthly is not that hard, isn't it ?

[Sterbens]

I mean anyone can if they were earning $3k per month. Sadly not everyone has such solid numbers on their monthly payroll, and it also depends (both expenses and salaries) on where you actually live. It's a case-by-case basis, but I reckon most aren't actually able to actively save up constantly, maybe every now and then as a possibility only. I myself am DCA'ing but the amount can be pretty random, I even skip a month or two if needed if I was pretty tight on my budget.

Yes you are right, if we have $3000 monthly income maybe I will be able to save the amount mentioned by OP. But unfortunately not everyone can produce that amount. Like me for example, back when I was still working at a company, I only made less than $ 1000 per month, to be honest it made me not stop thinking about looking for additional income to cover what was sometimes lacking for my needs in a month. It's not that I can't save, but as you said, my savings are not very consistent and sometimes I can't even save with my income at that time.

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[BRINIRHA]

Actually, if we can change our lifestyle pattern so that it is not too glamorous or excessive. then of course saving 1/3 can indeed be done. But unfortunately, sometimes we have difficulty changing our lifestyle (lifestyle). Simple life is easy but starting is difficult. sometimes the higher the salary we get, the higher our spending. because our lifestyle always goes up when our income goes up.

[Cookdata]

If you are in twenties or early thirties and remain single, earn $3,000 after tax per month, you will probably save $1,000 if you, let's say, spend $500 to $800 on rental, a guest bedroom in a shared house/apartment, $500 on food, $50  on utilities, $150 on phone/internet bills, $400 on commuting costs or gas/maintainance if you have a used car, $200 on occasional entertainment or others. This $1,000 savings will allow you to invest or place a house down payment when time is ripe. Is this possible based on where you live ?

It's easier said than done, and I'm surprised you didn't include a health bill or insurance. A job that pays $3,000 per month is not a joke, it will require your strength, mind, brain, and focus, and as a result, you will be stressed out at the end of the day, and stress upon stress weakens the body, probably causing breakdown and endangering your health, I believe good health is a good wealth, and it should be included.

Now, your estimates depend on where you live. I can survive on $500 in food, but if I buy everything I need for cooking, I will save even more. However, you cannot expect someone living in a well developed country in a city to survive on $500 per month, I doubt if it will last a month.

[Jody.Drummer]

Actually, if we can change our lifestyle pattern so that it is not too glamorous or excessive. then of course saving 1/3 can indeed be done. But unfortunately, sometimes we have difficulty changing our lifestyle (lifestyle). Simple life is easy but starting is difficult. sometimes the higher the salary we get, the higher our spending. because our lifestyle always goes up when our income goes up.

I remember with one question, I made my own version where the question was like this,
If you earn $3000 a month you can save $1000, how much can you save with an income of $6000? Many people responded with the answer, they could save $2000 in a month. And it turns out that's not the right answer because actually they can save $ 4000 in a month.
Here we can dig deeper into what is meant, that is, our income may increase, but don't let our lifestyle also increase. So judging from what's happening, even in the subconscious, the desire to improve one's lifestyle will always appear, that can be seen from the questions I'm talking about.

[Tanvi50_]

I am still a student and i live on my own. I do a part time job to cover my expenses. I am from a third world country with a large population. So the competition is real here.
I try to save up some money for emergency purpose. But they way you are describing it, it is way to hard without a full time job. But i can save up to one third of my total earnings. Life is hard around here TBH.

[Iroh]

If an individual with no dependents earns $3k monthly after tax, it’s very possible to save a $1000. It’s also very for an individual earning $3-4k to go broke very quickly. Everything all depends on the way of life of the individual.

There are people who do not know how to put aside funds for savings, they are quick to blow away their income as soon as it arrives. So those individuals would definitely find it hard to put away a third of whatever their income was. It’s not as easy as it might seem for some folks to put aside some money for savings.

[gantez]

If you are in twenties or early thirties and remain single, earn $3,000 after tax per month, you will probably save $1,000

This become possible for only the single who can save money. The people that is single is the youth and most of the youth get extravagant in spending of their money through going into club, smoking and drinking, have lots of women that they spend money with. If they leave this type of lifestyle it is difficult to save the balance of $1,000 at the end of the month. Saving of money is not easy, you have to be determine to do that and not everyone can save it.

[Quidat]

If you are in twenties or early thirties and remain single, earn $3,000 after tax per month, you will probably save $1,000

This become possible for only the single who can save money. The people that is single is the youth and most of the youth get extravagant in spending of their money through going into club, smoking and drinking, have lots of women that they spend money with. If they leave this type of lifestyle it is difficult to save the balance of $1,000 at the end of the month. Saving of money is not easy, you have to be determine to do that and not everyone can save it.

Even if you do have lots of money but saving is one thing which is really that hard to be done when you dont mind about your future and since you do have in mind
that you could really still make out some money then you wont really be that mindful on doing so.This is why on the time that you do have some health problems or emergencies
then you would be fucked up since you dont have some savings for you to make use off.You would really be realizing off these things when you are on the
situation but this is something that depends since not all would be having that realization.

[lixer]

if we have $3000 monthly income maybe I will be able to save the amount mentioned by OP. But unfortunately not everyone can produce that amount. Like me for example, back when I was still working at a company, I only made less than $ 1000 per month, to be honest it made me not stop thinking about looking for additional income to cover what was sometimes lacking for my needs in a month. It's not that I can't save, but as you said, my savings are not very consistent and sometimes I can't even save with my income at that time.

Even not exactly $3k, I think it's possible for us to save even the tiniest amount only like a dollar or two. Some think that it's too small and doesn't make sense at all but this is what actually savings all about. You set aside money that are not in need or also called as residual money. If you will save for a very long time then those amounts could still grow huge.

It's also okay to be not consistent with our savings. I know there are really tough times where every penny counts and maybe some of us will pull out some of what they save in their banks/piggy banks but I think this is fine and this might be one of the purposes of saving money. To get something for emergency.

[tabas]

Each amount counts when you try to save because it's hard to be consistent on it when you've got too many things to pay. 1/3 for me is hard but manageable.
When you shoulder all the expenses then it's understandable why people can't have themselves their own savings. But as much as possible, any amount will do and if you've got 1/3 to save then that's better for you.

[dunfida]

Each amount counts when you try to save because it's hard to be consistent on it when you've got too many things to pay. 1/3 for me is hard but manageable.
When you shoulder all the expenses then it's understandable why people can't have themselves their own savings. But as much as possible, any amount will do and if you've got 1/3 to save then that's better for you.

When you are obliging yourself on saving up a particular amount then you would really be doing your best on attaining that because you do have a goal in mind which you do need to achieve then you would really be

finding ways.Yes its hard but not something impossible if you really wanted to do so but there are really some circumstances in life which you cant really avoid and ending up on spending everything you do have.
Each person does have their own different lifestyle which it is really just that depending on what you are really that up to.
If you are intending to have savings on monthly basis then you would really be that serious on achieving that.

[serjent05]

Actually, if we can change our lifestyle pattern so that it is not too glamorous or excessive. then of course saving 1/3 can indeed be done. But unfortunately, sometimes we have difficulty changing our lifestyle (lifestyle). Simple life is easy but starting is difficult. sometimes the higher the salary we get, the higher our spending. because our lifestyle always goes up when our income goes up.

No matter how you change your lifestyle pattern, even if you avoid glamorous activities if your salary is enough for monthly needs, you cannot afford to keep or save 1/3 of it.  We are working to meet our daily needs, suppressing ourselves of basic needs in order to save 1/3 of the money we earn will have give us more negative gain than positive.  If we failed to nourish ourselves because we aimed to save 1/3 of our profit, we might end up spending it all to address our health problems and even can lead us to debt.

So before saying anything about how easy to save 1/3 of our savings, we must navigate and learn first the capability of every person.  Not because we are able to do it because we have parents that actually spend for our needs and we have our earnings all by ourselves doesn't apply to all people.

[Oceat]

Each amount counts when you try to save because it's hard to be consistent on it when you've got too many things to pay. 1/3 for me is hard but manageable.
When you shoulder all the expenses then it's understandable why people can't have themselves their own savings. But as much as possible, any amount will do and if you've got 1/3 to save then that's better for you.

Then try to minimize your expenses like cutting some unnecessary bill(s) and use an alternative. It's not easy to save if you have too much in hands to pay but if you are in a situation like that then all you have to do is invest the amount you can afford to lose. Since you can't invest if you have too much expenses not to mention if you are living in a high cost of living city.

Saving isn't a problem if you are still single working in the high cost of living city because you have less responsibility compared to those married people.

[n0ne]

Unlike the living location it is possible to save one third of the earning. All that required is the mind to limit ourselves in all activities. In specific going with the unwanted needs should be stopped. We can't expect the same every month, but most of the month this can be done. Man with a proper schedule and running on the right schedule along with his budget will easily attain it.

[kawetsriyanto]

If you are in twenties or early thirties and remain single, earn $3,000 after tax per month, you will probably save $1,000 if you, let's say, spend $500 to $800 on rental, a guest bedroom in a shared house/apartment, $500 on food, $50  on utilities, $150 on phone/internet bills, $400 on commuting costs or gas/maintainance if you have a used car, $200 on occasional entertainment or others. This $1,000 savings will allow you to invest or place a house down payment when time is ripe. Is this possible based on where you live ?

Sure, it is possible if you live here. Even you have 1-2 kids, you can fulfill monthly necessities with $2000 ($2000 = 31.xxx.xxx IDR). $700-$800 for renting a house, $500-$600 for food, $200 for electricity and internet, $200 for utilities, and $200 for others. So, $2000 is enough for monthly necessities in my town. However, it depends on how we manage the money. What we describe here is for average lifestyle. But, no matter how big our monthly income is, it won't be enough if we live an extravagant lifestyle.  

For investment or saving, $1,000 is okay. It will be $12,000 if we consistently allocate $1,000 every month. In 3 years, you can buy a house here with 3 x $12,000 = $36,000.  

[rodskee]

If you are in twenties or early thirties and remain single, earn $3,000 after tax per month, you will probably save $1,000 if you, let's say, spend $500 to $800 on rental, a guest bedroom in a shared house/apartment, $500 on food, $50  on utilities, $150 on phone/internet bills, $400 on commuting costs or gas/maintainance if you have a used car, $200 on occasional entertainment or others. This $1,000 savings will allow you to invest or place a house down payment when time is ripe. Is this possible based on where you live ?

3000 dollars is at least is a 8 months income in my location meaning that is a huge money   so I'm sure I can invest or save more than a thousand dollars as our cost of living is too cheap compared to that example.

but since I earn more a month (from crypto and regular job , so I am saving at least almost a thousand dollars monthly depending on how much I win in gambling .

[Emitdama]

If you know how I am living right now, you would be considering how hard it is to live with whatever you have already, let alone save some aside. I am super happy that I have a great boss that gives me extras, I put all those extras aside at all times, because that means I am not "earning" that.

I always assume that I am making less, and put that aside. But, that doesn't change the fact that I do not have a debt, I have a debt and if I sold all my crypto today, I would be able to not only cover all my debt, but also go to a great vacation (which I usually do every summer).

This means, I can't save money, I am both putting some aside but making that in debt instead of saving, different things.

[BigBos]

If you are in twenties or early thirties and remain single, earn $3,000 after tax per month, you will probably save $1,000 if you, let's say, spend $500 to $800 on rental, a guest bedroom in a shared house/apartment, $500 on food, $50  on utilities, $150 on phone/internet bills, $400 on commuting costs or gas/maintainance if you have a used car, $200 on occasional entertainment or others. This $1,000 savings will allow you to invest or place a house down payment when time is ripe. Is this possible based on where you live ?

Unfortunately, not everyone has that much income from work, the average resident in my area earns $ 256 from work, this is still somewhat difficult or not comparable to what you describe, $ 3000 income is usually obtained by government officials with incentives and incentives and entrepreneurs who have has a sizeable market capitulation, of course, this is not easy for every resident in my area who relies on his job.
but it's not impossible that I can save a third of my income, if from $ 256 I can save $ 85.3 of the needs that are minimized as investment funds.

In my opinion, it doesn't matter how much your income is, when you can minimize expenses and only prioritize basic needs, there must be money that you can save.

[Davidvictorson]

If you are in twenties or early thirties and remain single, earn $3,000 after tax per month, you will probably save $1,000 if you, let's say, spend $500 to $800 on rental, a guest bedroom in a shared house/apartment, $500 on food, $50  on utilities, $150 on phone/internet bills, $400 on commuting costs or gas/maintainance if you have a used car, $200 on occasional entertainment or others. This $1,000 savings will allow you to invest or place a house down payment when time is ripe. Is this possible based on where you live ?

It is literally impossible to save one third what you earn monthly in the country I reside.  Here's the reason, the minimum wage in country is $45. This barely enough for a single person. Now the monthly cost of living for an individual in Nigeria an average of $60. It is obvious that the cost of living is already higher than the monthly income. One ends up borrowing to survive. That is the current reality. It is just not possible where I live.

[Marcellin9]

If you are in twenties or early thirties and remain single, earn $3,000 after tax per month, you will probably save $1,000 if you, let's say, spend $500 to $800 on rental, a guest bedroom in a shared house/apartment, $500 on food, $50  on utilities, $150 on phone/internet bills, $400 on commuting costs or gas/maintainance if you have a used car, $200 on occasional entertainment or others. This $1,000 savings will allow you to invest or place a house down payment when time is ripe. Is this possible based on where you live ?

It's easier said than done, and I'm surprised you didn't include a health bill or insurance. A job that pays $3,000 per month is not a joke, it will require your strength, mind, brain, and focus, and as a result, you will be stressed out at the end of the day, and stress upon stress weakens the body, probably causing breakdown and endangering your health, I believe good health is a good wealth, and it should be included.

Now, your estimates depend on where you live. I can survive on $500 in food, but if I buy everything I need for cooking, I will save even more. However, you cannot expect someone living in a well developed country in a city to survive on $500 per month, I doubt if it will last a month.

Well, I actually thought about adding health bill/insurance cost but withdrew. The reason was very simple: we consider to be young at that age range and if we don't execise and take care of our body, we won't survive any job because nowadays the competition is fierce. But back to my calculation, even you add this extra cost, let's say $100 per month, $1,000 can also be saved.