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

[og kush420]

Is this possible based on where you live ?

Very possible. I would even save and buy properties.

From where I come from, $3k is a substantial sum of money.

However, the higher pay will naturally result in higher expenses for a person. I can recall that when I had a lower salary, I was still able to take care of myself by living on less of a budget. However, as I start to make a lot of money at work, I find that I am spending more than I did when I was receiving a smaller salary. Now that I have numerous bills to pay, even the large salary I was previously paid is insufficient.

that is correct the higher the pay - the higher the expenses are. the same happened to me too .. but I think with the passage of time the price of the things have increased dramatically - and that is one of the reasons we are unable to take care of the things in higher salary as well.

[Swordsoffreedom]

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 ?

Well just like you have explained it, this is for a bachelor that doesn't have may responsibility either from family or girlfriend. This is possible if the person does not have a girlfriend or family responsibility. When I was a younger I could make better savings while spending less funds on food and shelter. This is easy to achieve although it all depends on the location and the lifestyle of the person involved. Since there is no external responsibility attached then this is very possible to save even more than this or lesser.

Not really, I am a married person with children, but with an income of 3k$, I can still say that I can still save a huge amount, and I can still save 1k$/month. I think depending on the area you live in, like my area, an income of 3k $ is a huge income, this is an income not many people can achieve. In my area the average worker's salary is $500 and with this income they can feed at least 2 people. So if a person has an income of 3k dollars, they can save and get more done.

[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 ?

Well just like you have explained it, this is for a bachelor that doesn't have may responsibility either from family or girlfriend. This is possible if the person does not have a girlfriend or family responsibility. When I was a younger I could make better savings while spending less funds on food and shelter. This is easy to achieve although it all depends on the location and the lifestyle of the person involved. Since there is no external responsibility attached then this is very possible to save even more than this or lesser.

Not really, I am a married person with children, but with an income of 3k$, I can still say that I can still save a huge amount, and I can still save 1k$/month. I think depending on the area you live in, like my area, an income of 3k $ is a huge income, this is an income not many people can achieve. In my area the average worker's salary is $500 and with this income they can feed at least 2 people. So if a person has an income of 3k dollars, they can save and get more done.

Yeah, depends from a cost of living in your location, you can save a huge amount of money if you have that kind of salary. The fact that you can support your family needs as well with your personal needs, the other portions of your money can be saved or can be invested to grow more. But, if you are just a minimum wager the chance of saving is really tough, maximizing all your generated income and trying to minimize everything for the sake of saving some little portions of your monthly salary, most of the time it's just by chance that minimum earners can save up.

[stomachgrowls]

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 ?

Well just like you have explained it, this is for a bachelor that doesn't have may responsibility either from family or girlfriend. This is possible if the person does not have a girlfriend or family responsibility. When I was a younger I could make better savings while spending less funds on food and shelter. This is easy to achieve although it all depends on the location and the lifestyle of the person involved. Since there is no external responsibility attached then this is very possible to save even more than this or lesser.

Not really, I am a married person with children, but with an income of 3k$, I can still say that I can still save a huge amount, and I can still save 1k$/month. I think depending on the area you live in, like my area, an income of 3k $ is a huge income, this is an income not many people can achieve. In my area the average worker's salary is $500 and with this income they can feed at least 2 people. So if a person has an income of 3k dollars, they can save and get more done.

Yeah, depends from a cost of living in your location, you can save a huge amount of money if you have that kind of salary. The fact that you can support your family needs as well with your personal needs, the other portions of your money can be saved or can be invested to grow more. But, if you are just a minimum wager the chance of saving is really tough, maximizing all your generated income and trying to minimize everything for the sake of saving some little portions of your monthly salary, most of the time it's just by chance that minimum earners can save up.

Depends on how much you do earn because you cant really make out savings if you do earn which is only sufficient on your daily living needs which you wont really be having the chance on saving up just because  you

do only earn ample amount just enough for you to survive this is why you should really be mindful on how to make out some budget plus trying out to make or find for another source of income which it could possibly
make you things to save up for later.It might sound so simple but this is something that you cant really just do because there are things in life which is really something inevitable.
Some people are really just good on criticizing other peoples actions without minding that it isnt really that very easy to do so.

[og kush420]

do only earn ample amount just enough for you to survive this is why you should really be mindful on how to make out some budget plus trying out to make or find for another source of income which it could possibly
make you things to save up for later.It might sound so simple but this is something that you cant really just do because there are things in life which is really something inevitable.
Some people are really just good on criticizing other peoples actions without minding that it isnt really that very easy to do so.

I desperately try saving money - but due to inflation this is not possible.
I am very upset and depressed because I am the sole breadwinner - and I am unable to cope up with the upcoming finances.

[Inwestour]

Not really, I am a married person with children, but with an income of 3k$, I can still say that I can still save a huge amount, and I can still save 1k$/month. I think depending on the area you live in, like my area, an income of 3k $ is a huge income, this is an income not many people can achieve. In my area the average worker's salary is $500 and with this income they can feed at least 2 people. So if a person has an income of 3k dollars, they can save and get more done.

Much depends on the needs and the ability to save money, because often with the growth of earnings, expenses also grow. My friend tells me that he does not like to save, he has his own small business and he is constantly striving to earn more, he is doing well, his income is growing, but at the same time he is spending more and more. He wants to buy his own house, but I don't know how he can do it, since he constantly spends almost everything.

How did your expenses increase greatly with the growth of income, do you manage to save money consistently?

[Cryptock]

Not really, I am a married person with children, but with an income of 3k$, I can still say that I can still save a huge amount, and I can still save 1k$/month. I think depending on the area you live in, like my area, an income of 3k $ is a huge income, this is an income not many people can achieve. In my area the average worker's salary is $500 and with this income they can feed at least 2 people. So if a person has an income of 3k dollars, they can save and get more done.

Much depends on the needs and the ability to save money, because often with the growth of earnings, expenses also grow. My friend tells me that he does not like to save, he has his own small business and he is constantly striving to earn more, he is doing well, his income is growing, but at the same time he is spending more and more. He wants to buy his own house, but I don't know how he can do it, since he constantly spends almost everything.

How did your expenses increase greatly with the growth of income, do you manage to save money consistently?

you are lucky person that you save and run your family too. your income is good and I hope and pray that you don't meet a bad and looter in 2023
I saved some money and has been scammed and looted. It took me to get out of the depression.
May God keep us protected in 2023

[Fredomago]

Depends on how much you do earn because you cant really make out savings if you do earn which is only sufficient on your daily living needs which you wont really be having the chance on saving up just because  you

do only earn ample amount just enough for you to survive this is why you should really be mindful on how to make out some budget plus trying out to make or find for another source of income which it could possibly
make you things to save up for later.It might sound so simple but this is something that you cant really just do because there are things in life which is really something inevitable.
Some people are really just good on criticizing other peoples actions without minding that it isnt really that very easy to do so.

I get your point and there are people who really can't just go and do things the way others think that they should be doing, there are factors and a kind of mindsets that they are not good in doing, though it will be depends from how you as individual see about it and think about saving, the eager you are the better you will find ways to establish your future financial capabilities.

Saving portions of your salaries will give you a decent amount in the future, if you can really work on it and make sure
to yourself that you will aim for that to happen. The outcome is always in favor of you.

[Obari]

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 ?

Firstly where I live wouldn't be possible to earn upto such amount of money and tye cost of living now is something really crazy and I don't think it will be anywhere close to easy saving upto $1000 even if one earns upto $3000 in my country because there are alot of thi GS that would demand that $1000 along the line of saving.

It takes a very serious dedication and commitment to be able to save money and never touch it in my country and I could remember when I still earn less than $50 a month and I tried so had to save upto $15 but always ended up using it before the next pay day and I always use a slogan then that we should always save money so money can save us.
From my perspective, saving isn't easy not for anyone but with the right mindset and training, one can be able to save no matter how much your salary is.

[The Sceptical Chymist]

There have been times in my life where I was able and did save at least a third of what I made, but the answer to the question as to whether anyone is able to do that is that it depends on how much you're making and what your standard of living is (and also how expensive things are in your area).

Damn, how I wish I was in the position to take 1/3 of my income and invest it in either crypto or the stock market.  I'd be back to the ballin' stage--I wouldn't be a bitcoin whale by any means, but I'd at least have a decent stash.

And oh how I regret that I didn't buy and save bitcoin when it was just $200.  Even $1000.  Life is so hard when you can't see into the future, ya know?

[harapan]

There have been times in my life where I was able and did save at least a third of what I made, but the answer to the question as to whether anyone is able to do that is that it depends on how much you're making and what your standard of living is (and also how expensive things are in your area).

Damn, how I wish I was in the position to take 1/3 of my income and invest it in either crypto or the stock market.  I'd be back to the ballin' stage--I wouldn't be a bitcoin whale by any means, but I'd at least have a decent stash.

And oh how I regret that I didn't buy and save bitcoin when it was just $200.  Even $1000.  Life is so hard when you can't see into the future, ya know?

Bitcoin and Cryptocurrencies still early for anyone to invest and it's only fourteen good years past since it was created, that equally says you still have all it takes to invest in, get a solid plan for accumulation, be discipline and them take action

You taking a view of the past is no bad move but you should kindly forged forward and think of no past that brings you pain and regrets

My biggest regrets has to be not able to mine a single coin but we move. I will advise you do same, $1000 every week henceforth will be marvelous idea if you are interested.

[TimeTeller]

Depends on how much you do earn because you cant really make out savings if you do earn which is only sufficient on your daily living needs which you wont really be having the chance on saving up just because  you

do only earn ample amount just enough for you to survive this is why you should really be mindful on how to make out some budget plus trying out to make or find for another source of income which it could possibly
make you things to save up for later.It might sound so simple but this is something that you cant really just do because there are things in life which is really something inevitable.
Some people are really just good on criticizing other peoples actions without minding that it isnt really that very easy to do so.

I get your point and there are people who really can't just go and do things the way others think that they should be doing, there are factors and a kind of mindsets that they are not good in doing, though it will be depends from how you as individual see about it and think about saving, the eager you are the better you will find ways to establish your future financial capabilities.

Saving portions of your salaries will give you a decent amount in the future, if you can really work on it and make sure
to yourself that you will aim for that to happen. The outcome is always in favor of you.

A lot can't afford to save something from their earnings as it depends on your income and basic needs.
But if you can, save a lil bit every once in a while, and before you know it, it is already significant amount of money that you can use later on.
Saving sometimes depends on the person himself. Some can save money even if they have small income.
Look for unnecessary items that you usually buy and instead of buying it next time, keep the money as savings.
You can also track where your money goes if you list your daily expenses, though a tedious job but you can pinpoint where you are just wasting your money.

[Fortify]

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 2022 was a year of great upheaval, just as it looked like the world was getting out from the shadow of Covid and on the path to recovery, Russia decided to create the first war in Europe since WW2. This seriously impacted on peoples ability to save, especially those on the lowest wages who were getting squeezed from all sides - fuel costs, housing costs, food costs, etc. In stable times the breakdown you gave might work, but in great inflationary times it can often be hard for salaries to keep up with all the external cost pressures. Hopefully Putin is overthrown and peace can once again be brought back, which fosters creativity instead of destruction for old men.

[Fatunad]

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 2022 was a year of great upheaval, just as it looked like the world was getting out from the shadow of Covid and on the path to recovery, Russia decided to create the first war in Europe since WW2. This seriously impacted on peoples ability to save, especially those on the lowest wages who were getting squeezed from all sides - fuel costs, housing costs, food costs, etc. In stable times the breakdown you gave might work, but in great inflationary times it can often be hard for salaries to keep up with all the external cost pressures. Hopefully Putin is overthrown and peace can once again be brought back, which fosters creativity instead of destruction for old men.

Even if War would be over it couldnt still able to resolved out about these inflation and other economic problems but somehow at least it is really that being lessen and make things a bit lighter but it doesnt
meant that it would be already solved out and this problem would still exist.Its true that if you are that someone who do solely rely on income or salary on a day job which those amounts are already
sufficient for your daily living then saving up some money is close to impossible or something that cant really be done.It might not be hard on some people to save up but in most people then its
a challenging one.

[Cryptock]

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 2022 was a year of great upheaval, just as it looked like the world was getting out from the shadow of Covid and on the path to recovery, Russia decided to create the first war in Europe since WW2. This seriously impacted on peoples ability to save, especially those on the lowest wages who were getting squeezed from all sides - fuel costs, housing costs, food costs, etc. In stable times the breakdown you gave might work, but in great inflationary times it can often be hard for salaries to keep up with all the external cost pressures. Hopefully Putin is overthrown and peace can once again be brought back, which fosters creativity instead of destruction for old men.

Even if War would be over it couldnt still able to resolved out about these inflation and other economic problems but somehow at least it is really that being lessen and make things a bit lighter but it doesnt
meant that it would be already solved out and this problem would still exist.Its true that if you are that someone who do solely rely on income or salary on a day job which those amounts are already
sufficient for your daily living then saving up some money is close to impossible or something that cant really be done.It might not be hard on some people to save up but in most people then its
a challenging one.

as mentioned above 2022 was a year of challenge and trouble
We have faced the worse inflation ever and they said the peak is yet to come - so brace yourself for the worse days ahead.

[carlfebz2]

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 2022 was a year of great upheaval, just as it looked like the world was getting out from the shadow of Covid and on the path to recovery, Russia decided to create the first war in Europe since WW2. This seriously impacted on peoples ability to save, especially those on the lowest wages who were getting squeezed from all sides - fuel costs, housing costs, food costs, etc. In stable times the breakdown you gave might work, but in great inflationary times it can often be hard for salaries to keep up with all the external cost pressures. Hopefully Putin is overthrown and peace can once again be brought back, which fosters creativity instead of destruction for old men.

Even if War would be over it couldnt still able to resolved out about these inflation and other economic problems but somehow at least it is really that being lessen and make things a bit lighter but it doesnt
meant that it would be already solved out and this problem would still exist.Its true that if you are that someone who do solely rely on income or salary on a day job which those amounts are already
sufficient for your daily living then saving up some money is close to impossible or something that cant really be done.It might not be hard on some people to save up but in most people then its
a challenging one.

as mentioned above 2022 was a year of challenge and trouble
We have faced the worse inflation ever and they said the peak is yet to come - so brace yourself for the worse days ahead.

We should really make ourselves prepared for whatever things that might come along the way and its true that inflation is something that can be avoided and do becomes worst on every year is passing.

Just like on what fatunad said above that it would really be that ideal if you do find for another source of income if you do struggle on the current earning that you do have as of this moment.

There are ways if you wanted to but most of the time people do make out excuses like it cant be possible or cant be done or something this or like that
which are just purely reasons.

[autumnleaf]

Earning $3,000 a month is already quite a bit in our country. You are able to purchase a vehicle, a respectable rental home, wholesome food, and other items. If I were to earn that much money, I would definitely set aside a portion of it for savings, invest in businesses that generate passive income, gradually purchase assets, and set aside cash for emergency funds.

[My ThuiHa]

Saving money is a very simple matter. It's hard to hold on. Twenty-one days to form a good habit. But saving money is something to do every month, treat it as your hobby. At the beginning, it can be regarded as a task to do, and then it gradually becomes a habit. The advantage of saving money is that when you are in a hurry to use the money, you can take it out without stress. No need to borrow money from friends and family.

[oaz7t]

You don't say it. It is actually very hard for me. I am always exhausting my balance because I really need to survive and make my family live better life tbh. The money that I am earning is not much to live on considering the no minimum wager limit style in my country. This means even though I have pursued higher degree education it won't be counted towards my high paying job. I will still have to start from the scratch, from the shop floor and keep myself engaged in adopting the work culture and get paid lowest wager they could give it to me. If not, then they will simply higher another talent in the process and forget about me. We always have settling time of around 10-12 years from the date we start our jobs and stay consistent. So no, not every one is lucky enough to save the money all the time.

[Marcellin9]

You don't say it. It is actually very hard for me. I am always exhausting my balance because I
really need to survive and make my family live better life tbh. The money that I am earning is not
much to live on considering the no minimum wager limit style in my country. This means even
though I have pursued higher degree education it won't be counted towards my high paying job.
I will still have to start from the scratch, from the shop floor and keep myself engaged in
adopting the work culture and get paid lowest wager they could give it to me. If not, then they
will simply higher another talent in the process and forget about me. We always have settling
time of around 10-12 years from the date we start our jobs and stay consistent. So no, not every
one is lucky enough to save the money all the time.

Thank you very much. Comments like yours let me know more about different situations out there in the world. Everyone has their own circumstances and problems. I can feel your great hopes for a better life and do believe  one day you can live the life you always dreamed of. Keep up your hard work and a prosperous future is awaiting you !