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

[Cryptmuster]

There's no excuses not to save no matter how low your salary is as long as you are determined to save. Yes, self-discipline and focus on your goal will make it work. However, if you just make a plan but without action plans, then it will remain a plan forever. Saving is hard, yes it is, but you can always make it happen if you have the high desires to work for it.

A dream will always remain a dream if you don't turn it into a goal. The goal must have a clear execution plan, otherwise it will not be achievable, and money is just a means to achieve our goal, money cannot be a valuable goal, because owning money will not make you happy, you need to understand why you need it. Therefore, it is important to understand why you save and then everything will work out, otherwise it will be a tedious process that you will soon abandon.

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[xSkylarx]

There's no excuses not to save no matter how low your salary is as long as you are determined to save. Yes, self-discipline and focus on your goal will make it work. However, if you just make a plan but without action plans, then it will remain a plan forever. Saving is hard, yes it is, but you can always make it happen if you have the high desires to work for it.

A dream will always remain a dream if you don't turn it into a goal. The goal must have a clear execution plan, otherwise it will not be achievable, and money is just a means to achieve our goal, money cannot be a valuable goal, because owning money will not make you happy, you need to understand why you need it. Therefore, it is important to understand why you save and then everything will work out, otherwise it will be a tedious process that you will soon abandon.

There are also dreams that are unreachable or very difficult to achieve since we are always thinking that if we dream, we should dream big and those tend to be unachievable, which is not so good. We should dream that we can achieve it, or we should work on it even though it is very difficult and let it be a goal. I also not dreaming that i cant achieve since i really work hard just to achieve it

[gunhell16]

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 ?

That can happen, dude, the 1000$ that can be saved every month is a lot for me, but saving money is not based on the size of a person's salary whether he is an employee or not as long as you are strategic even Even if your profit is small every month, there is and you can save as long as you are determined and dedicated to what you do.

And a lot of people do what I'm saying, even if I have a debt, even if I save money even if it's just a small amount.

[RealMalatesta]

It depends on your income and not the theory of saving 1/3 or 1/2 of your salary. In OP's case, he is talking about a 3k income. Then if you are living in 3rd country or you are not married, it is super easy to save 1/3 of that income. But if your income is 1k$ or 500$ and you are married, then it must not be easy. However, if we really want to save money, I think we will always find a way to do so, it's up to us whether we do it or not.

I can vouch for the fact that anything a grand or lower in a third world country doesn't give you the freedom to save one third of your salary. First of all, we are living in such poverty as nations that some things are luxury to us to begin with, such as cars or the brand new iphone, or drinking starbucks everyday, these are all luxury.

The regular life stuff could be cheaper, the price of bread or rice or pasta or whatever, the life stuff, making a fettucini alfredo could be cheaper, but if I want to get the new playstation I would have to work over a month to pay for it. So we always spend more when we get some extra cash, in order to reach the western worlds life standards, and can't save.

[uneng]

It depends on your income and not the theory of saving 1/3 or 1/2 of your salary. In OP's case, he is talking about a 3k income. Then if you are living in 3rd country or you are not married, it is super easy to save 1/3 of that income. But if your income is 1k$ or 500$ and you are married, then it must not be easy. However, if we really want to save money, I think we will always find a way to do so, it's up to us whether we do it or not.

I can vouch for the fact that anything a grand or lower in a third world country doesn't give you the freedom to save one third of your salary. First of all, we are living in such poverty as nations that some things are luxury to us to begin with, such as cars or the brand new iphone, or drinking starbucks everyday, these are all luxury.

The regular life stuff could be cheaper, the price of bread or rice or pasta or whatever, the life stuff, making a fettucini alfredo could be cheaper, but if I want to get the new playstation I would have to work over a month to pay for it. So we always spend more when we get some extra cash, in order to reach the western worlds life standards, and can't save.

The problem with third world countries is that importation fees are too expensive. And luxury goods like a PlayStation which is relatively cheap in first world countries where they are manufactured, become too expensive for us. Every electronical related goods fall under this category in my case, as they are imported goods and not considered basic need items.

Besides that, there is also the voracious inflation which decreases your purchasing power faster than in first world countries. You can save some money every month, but since we can't save a lot, until we reach a decent amount of money saved (after several months), the initial goal we had in mind will have to be calculated again, taking into consideration how much the currency has been weaken on that time period.

[serjent05]

It depends on your income and not the theory of saving 1/3 or 1/2 of your salary. In OP's case, he is talking about a 3k income. Then if you are living in 3rd country or you are not married, it is super easy to save 1/3 of that income. But if your income is 1k$ or 500$ and you are married, then it must not be easy. However, if we really want to save money, I think we will always find a way to do so, it's up to us whether we do it or not.

I can vouch for the fact that anything a grand or lower in a third world country doesn't give you the freedom to save one third of your salary. First of all, we are living in such poverty as nations that some things are luxury to us to begin with, such as cars or the brand new iphone, or drinking starbucks everyday, these are all luxury.

The regular life stuff could be cheaper, the price of bread or rice or pasta or whatever, the life stuff, making a fettucini alfredo could be cheaper, but if I want to get the new playstation I would have to work over a month to pay for it. So we always spend more when we get some extra cash, in order to reach the western worlds life standards, and can't save.

That is not always the case.  With the increasing price of commodities, the minimum salary now a day isn't enough to feed a family which is why both parents are working to at least give their family decent food on the table.  Most families can't afford a decent meal, what more to save 1/3 of their income. 

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 ?

That can happen, dude, the 1000$ that can be saved every month is a lot for me, but saving money is not based on the size of a person's salary whether he is an employee or not as long as you are strategic even Even if your profit is small every month, there is and you can save as long as you are determined and dedicated to what you do.

And a lot of people do what I'm saying, even if I have a debt, even if I save money even if it's just a small amount.

You cannot save money if you have debt.  Because at the end of the day your saved money will be used to pay for your debt.  You are not saving but accumulating funds to pay for your debt.

How can a person save money if he has negative return?  You can only save money if you have extra and that is it.  Saving money while you end up in a debt is not saving at all.

[Alpha Marine]

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 ?

This is easier said than done. It also depends on where you live. The cost of living of where you are may be high, but if it's relatively low and $3k after tax, that should be a lot. Still, you'll still need a lot of discipline to save. The more money you make, the more responsibilities. It all depends on a lot of things really.

[Terezi]

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 sounds easy, but few people are able to save a fixed amount every month. Because everyone has different living conditions, different abilities and different incomes, not everyone has enough money to save. When the income earned can only cover our daily needs, we have no extra funds to save.

[og kush420]

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 sounds easy, but few people are able to save a fixed amount every month. Because everyone has different living conditions, different abilities and different incomes, not everyone has enough money to save. When the income earned can only cover our daily needs, we have no extra funds to save.

It is easy to say that - but it is hard to do
At least for me it is very difficult to do - I have almost zero balance in my account at the month end and I am praying to God all the time to have mercy on me me and send me some money, then when I receive some funds - I go mad again and finish it. That is my routine.

[Bitstar_coin]

The thing about humans is - our desire is unsatiable, the more we earn the more will our needs and desire increases. One can easily believe they can save 1k or more monthly when they earn up to 3k a month. The only way to be able to achieve this is to be self-disciplined and determined, once anyone is able to implement this, this goal can be achieved.   

[Iroh]

The thing about humans is - our desire is unsatiable, the more we earn the more will our needs and desire increases. One can easily believe they can save 1k or more monthly when they earn up to 3k a month. The only way to be able to achieve this is to be self-disciplined and determined, once anyone is able to implement this, this goal can be achieved.   

Human wants are insatiable and very numerous. Humans can’t just be satisfied and would always want more. And that’s why we should always have some sort of savings that should be kept aside for emergencies.
I also believe discipline in the manner an individual spends matters a lot also. Someone must be disciplined in order to minimize the way money is spent. If an individual is disciplined in the way he spends, then and only then would there would be room for savings to commence.

[freedomgo]

Earning big and then saving or investing it are two different things, but both of them are hard to maintain.
If you earn $3k, diversifying your expenses the way you did is good and possible as well, but actually putting it into action and maintaining those expenses (without any miscellaneous expenses taking place each month) is not easily possible. If you think that you will put $300 on stocks, but you are a gambler, then you will go and gamble them without any doubt and can even lose them. This shows that the greed towards anything, whether it is your lifestyle, how you spend your money, addictions, etc. decides whether you can save or invest for a long time or not.

Everything lies on how you handle your life determines whether you can save or not. Because it’s very easy to say about earning and saving after, but when you put it into action, that becomes hard and difficult. But if you have the proper mindset to work on it, and set your own goal before taking such action, for sure you will slowly achieve your goal of saving and benefit from them when it’s time for you to reap them all.

[milewilda]

Earning big and then saving or investing it are two different things, but both of them are hard to maintain.
If you earn $3k, diversifying your expenses the way you did is good and possible as well, but actually putting it into action and maintaining those expenses (without any miscellaneous expenses taking place each month) is not easily possible. If you think that you will put $300 on stocks, but you are a gambler, then you will go and gamble them without any doubt and can even lose them. This shows that the greed towards anything, whether it is your lifestyle, how you spend your money, addictions, etc. decides whether you can save or invest for a long time or not.

Everything lies on how you handle your life determines whether you can save or not. Because it’s very easy to say about earning and saving after, but when you put it into action, that becomes hard and difficult. But if you have the proper mindset to work on it, and set your own goal before taking such action, for sure you will slowly achieve your goal of saving and benefit from them when it’s time for you to reap them all.

This is situational because there are things which you cant really be able to do so just because of some circumstances.What if you do only have just enough money or salary just only good enough for that part?
There's no way that you could be able to save up even on that 1/3 but sensibly speaking which it would really be that ideal if you do really tend to save not necessarily on having that 1/3 but something
at least you should set aside some amounts for emergency funds or something like that.We wont be able to know on what would gonna happen ahead considering  that there would really be those
emergencies which comes unexpected.If you dont have the money that had been saved up then it is really hard to be put up into that situation. Emergency funds or investment
then its up to you on which one you would be focusing or having that both.

[Russlenat]

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 ?

As long as you make a living, regardless of your income, if you have the highest desire to save, you will always make things possible so you can really save. That is the mindset of all successful people that have gone a long way of saving even if they are not making such huge income from their own respective jobs. But we all know saving is a must, it’s just that people are more on spending than saving, the reason why they have no left penny anymore for saving.

[KennyR]

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 ?

As long as you make a living, regardless of your income, if you have the highest desire to save, you will always make things possible so you can really save. That is the mindset of all successful people that have gone a long way of saving even if they are not making such huge income from their own respective jobs. But we all know saving is a must, it’s just that people are more on spending than saving, the reason why they have no left penny anymore for saving.

It is upto the user, if he/she have got the desire to save then it is really possible even when the job is paying low. Till certain generation the savings is the one that have lifted the lifestyle. Slowly this turned towards investment, but everyone wasn't ready to take the risk. This is where the investors took lead to the next level of living whereas person who just save got delayed in his transition process. However savings is the base for all sort of investment.

[Mahanton]

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 ?

As long as you make a living, regardless of your income, if you have the highest desire to save, you will always make things possible so you can really save. That is the mindset of all successful people that have gone a long way of saving even if they are not making such huge income from their own respective jobs. But we all know saving is a must, it’s just that people are more on spending than saving, the reason why they have no left penny anymore for saving.

It is upto the user, if he/she have got the desire to save then it is really possible even when the job is paying low. Till certain generation the savings is the one that have lifted the lifestyle. Slowly this turned towards investment, but everyone wasn't ready to take the risk. This is where the investors took lead to the next level of living whereas person who just save got delayed in his transition process. However savings is the base for all sort of investment.

If you are really that interested to save then you could eventually do this, you would really be making yourself that obliged on saving up money just because you do have in mind that having
savings does really helpful on every aspect like for emergencies or times you do need up some funds or making out some investment just like the rest on what they are pointing and saying up on this
thread.This might sounds really that easy and there are things which had already point out above which cant really be able to make you save up because of some common
circumstances which it is really that situational.

[RolonNigel]

Yes, I divided my money into four. One is for daily necessities, one is for eating, drinking and having fun, one is for investing, and the other is for saving money.
I think we must do something in a planned way, and don't just do something as soon as you think of it. Plan your money. With more money comes more choices.

[DrBeer]

Yes, here many have objectively noted that it is unrealistic to set aside $1,000 from income if your income is approximately equal to this amount. It's stupid to disagree. But probably the question is not in a specific amount of money, but in the share that can be set aside. There is another way - to reduce unreasonable spending or reduce unreasonable consumption of products. I just know one thing - for many residents, up to 30% of the purchased food products then end up in the trash. Exit - do not buy more than you REALLY consume. It is not necessary to buy a new iPhone if you have a model from the year before last. This is a waste of money. Etc. If you briefly describe such a process "Saved - additionally earned", but these saved funds can be used as a reserve ...

[Fredomago]

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 ?

As long as you make a living, regardless of your income, if you have the highest desire to save, you will always make things possible so you can really save. That is the mindset of all successful people that have gone a long way of saving even if they are not making such huge income from their own respective jobs. But we all know saving is a must, it’s just that people are more on spending than saving, the reason why they have no left penny anymore for saving.

It is upto the user, if he/she have got the desire to save then it is really possible even when the job is paying low. Till certain generation the savings is the one that have lifted the lifestyle. Slowly this turned towards investment, but everyone wasn't ready to take the risk. This is where the investors took lead to the next level of living whereas person who just save got delayed in his transition process. However savings is the base for all sort of investment.

If you are really that interested to save then you could eventually do this, you would really be making yourself that obliged on saving up money just because you do have in mind that having
savings does really helpful on every aspect like for emergencies or times you do need up some funds or making out some investment just like the rest on what they are pointing and saying up on this
thread.This might sounds really that easy and there are things which had already point out above which cant really be able to make you save up because of some common
circumstances which it is really that situational.

Situational indeed, and more on people's mindset. If you can manage your finances and you can limit your expenses then it will be good for you, saving is good if you are looking for better future ahead, but it's also good to think about growing your money aside from saving it, it's a another step for having a better finances, if you can do both saving and investing that will help you to grow your money and not just being stuck inside the bank or whatever platform you choose to save.

[Lida93]

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 ?

In my own part of the world if I should be earning $3k I am a big shot as it rather runs in seven figures when converted and with that I can save beyond $1k a month  and curtail certain expenses based on my scales of preference I will regard as not necessary or pressing.

I am sure there are a lot of people that their lives will turn a good leave tremendously just earning $3k for a month, I think all this boil down to geographical location and the currency value in the change market.