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

[uswa56]

Saving a third of your monthly income can be a realistic goal, but it depends on factors such as where you live and your expenses. If you earn $3,000 per month and have moderate expenses such as rent, food, utilities, phone bills, travel, and occasional entertainment, it's possible to save $1,000.

However, it's important to consider the cost of living in your area and your personal financial obligations. It also requires budgeting and the discipline to save consistently to create a viable savings plan.

spending to meet basic needs is a very important thing to pay attention to and if it has been fulfilled then saving is something that must be done regardless of how much income you get per month and if expenses are higher or just barely with your income then you can't be silent, you have to get out of it and look for additional income to be able to save.
saving is very important for future life and if someone knows the benefits of saving then he will do anything to be able to fulfill it, the important thing is there is a desire to save then it won't be difficult.

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[DrBeer]

.....
I agree with everything you said except the last sentence. There is a saying in economics: "If there's no growth then there's no life in it." If we are not making things better then our life will not stay the way it is, it will be getting worse. So, basically, we have no choice but to grow. We should be improving our knowledge, our income should be getting bigger, and our living conditions must our living conditions must improve along with it. We must be moving forward, we can't afford to stand still.

I may not have conveyed my thought very accurately, but I meant exactly what you said - if you want improvement - change, become different, change your habits, improve your knowledge and skills. Without changing yourself, your life will not change.

In fact, it is difficult to end a desire because it always follows the times. Sometimes it is difficult for a person to distinguish between a need and a desire. When I asked them, they always defended themselves and said that it was a necessity, even though on the other hand it was clear that they didn't need it. No matter how much money we have, it will never be enough if we always pursue more and more desires. I often see many rich people who feel unhappy in their lives, because maybe they are always chasing something that they don't really need. One of the best ways is to be grateful for what we have, buy the things we need, and start living a simple life by not chasing something that is beyond our means or something that is not very useful.

Regarding desires, which influence our behavior, first of all, as a consumer.  Yes, there is such a flaw in people. And it's hard to deal with. But there is an option. There is a good method, the "5 Why method. Only a little adapted - "the method of 5 WHY I want it" I'm sure many people are familiar with the "5 Why method" or can easily learn it. If you make an impulsive decision to buy something new, such as a new model of phone, then about 3-4, and certainly on the fifth answer "why do I need it" you will come to the conclusion that it is not really necessary, but is simply an impulse associated with advertising or other method of manipulating your mind buyer.

[capedbaldy]

spending to meet basic needs is a very important thing to pay attention to and if it has been fulfilled then saving is something that must be done regardless of how much income you get per month and if expenses are higher or just barely with your income then you can't be silent, you have to get out of it and look for additional income to be able to save.
saving is very important for future life and if someone knows the benefits of saving then he will do anything to be able to fulfill it, the important thing is there is a desire to save then it won't be difficult.

We have to try to apply for new jobs to earn extra income when we are still productive for any job, we have to take advantage of our young age to work hard for savings needs because when we are old we are no longer able to work and have to rest a lot to maintain our health. Many people do not prepare themselves for old age so that financial management is not organized because they have to work hard at old age.

[robattfield]

Personal preferences, expenses, and personal circumstances play an important role in determining their ability to save money. So changing negative habits and replacing them with positive ones can dramatically improve your financial situation and allow you to save for the future. Seeking professional help or support groups can be helpful in getting through tough times and developing healthier financial habits. Recognizing negative effects and taking steps to address and overcome such habits is an important part of regaining control of your finances and working towards your savings goals.

[DrBeer]

~snip~

1/3 or 1/4 or 1/10 is not the point.
My emphasis would be this:
- Borrowing money in the form of loans to cover "ordinary" needs is a bad way to go. You borrow $1, but you will owe $1 plus interest back. Which means you'll have a bigger need to borrow tomorrow. And it's a vicious circle. The solution is to change your income and/or change your consumption.
- You need to constantly strive to improve your financial health. Both yourself and your children. And the way to do that is the way to develop your skills. There is always time and opportunity to be found. Even if it's very hard. Otherwise nothing will change. It's very simple - it's foolish to expect change if you keep doing the same thing every day.
- You need to limit unreasonable consumption - from food to things. A lot of what you acquire has no real value in your life
- it is necessary to always think about the FUTURE. You can't live "here and now"!
- It's necessary to form a "financial cushion", this is just about 1/3, 1/4, 1/10 ...
- It is necessary to form a set of passive income

It all seems a bit complicated, but ... you have to do it and it's not so hard! You may not be able to do it all at once! But without changing anything your life will stay the way it is ...

Hey, high-five for shedding light on this crucial adulting thing - the art of managing the green and avoiding the credit abyss. It's a cold shower for those of us spiraling in the vicious cycle of borrow-to-spend. The salvation lies in a simple two-step: get more ka-ching, splash less. Now, revving up the cash engine isn't rocket science. Got a knack for something? The gig economy is a goldmine! Websites like Upwork, Fiverr, Etsy are like your personal online marketplace. Put your skills on the digital catwalk and let them strut their stuff!

But, the dough ain't gonna last if you keep draining it like a leaky faucet. Time to adult-up and manage that spending. Trusty sidekicks like Mint, YNAB, and Personal Capital are here to help. They're like your personal finance Jedi, keeping the spendthrift Sith at bay. Talking about that "financial cushion" - size matters! And it's custom-fit, baby - based on your lifestyle and how heavy your paycheck weighs. Passive income? We got you covered. Peer-to-peer lending, stock dividends, REITs - might sound a bit "Matrix-y", but once you take the red pill and understand the basics, it's all about cruising on the highway of financial stability.

Total - combine two answers, publish a methodical material on "how to start living reasonably and get rich," earn extra profits! An additional source of income - the sale of an exclusive copy of the manual with autographs of the authors - slapper and DrBeer!
Then we'll open courses all over the world.... Man... there's a problem... Where to keep the money from this business?  
How about a business plan?  

[Negotiation]

spending to meet basic needs is a very important thing to pay attention to and if it has been fulfilled then saving is something that must be done regardless of how much income you get per month and if expenses are higher or just barely with your income then you can't be silent, you have to get out of it and look for additional income to be able to save.
saving is very important for future life and if someone knows the benefits of saving then he will do anything to be able to fulfill it, the important thing is there is a desire to save then it won't be difficult.

We have to try to apply for new jobs to earn extra income when we are still productive for any job, we have to take advantage of our young age to work hard for savings needs because when we are old we are no longer able to work and have to rest a lot to maintain our health. Many people do not prepare themselves for old age so that financial management is not organized because they have to work hard at old age.

The prevailing pattern of society is that middle income people save more. And for exactly the opposite reason, low and high income people save relatively less. High income people have high consumption and investment rates, so savings are low, and low income people face a challenge in daily living. But you are right, no one can work in old age they need rest. That is why it is important to save something for the future at a young age which will provide security in old age.

[Furious 7]

Personal preferences, expenses, and personal circumstances play an important role in determining their ability to save money. So changing negative habits and replacing them with positive ones can dramatically improve your financial situation and allow you to save for the future. Seeking professional help or support groups can be helpful in getting through tough times and developing healthier financial habits. Recognizing negative effects and taking steps to address and overcome such habits is an important part of regaining control of your finances and working towards your savings goals.

The point in this case is that we indirectly have to identify ourselves before deciding where we are going to plan in financial management.
Financial management is indeed important, but besides that, there is a plan that must be carefully prepared so that something like this can happen. Because indeed everything starts with planning and when talking about plans, we really have to recognize our own condition further so that we can know our own condition.
Most people fail because they cannot recognize themselves and seem to be forcing their will which actually backfires which destroys the plans they are building.
Apart from all these factors, there is also ego and prestige which must be reduced a bit because indeed this can also be one of the conditions where planning and money management are disrupted.

[@forxample]

Saving a third of your monthly income can be a realistic goal, but it depends on factors such as where you live and your expenses. If you earn $3,000 per month and have moderate expenses such as rent, food, utilities, phone bills, travel, and occasional entertainment, it's possible to save $1,000.

However, it's important to consider the cost of living in your area and your personal financial obligations. It also requires budgeting and the discipline to save consistently to create a viable savings plan.

spending to meet basic needs is a very important thing to pay attention to and if it has been fulfilled then saving is something that must be done regardless of how much income you get per month and if expenses are higher or just barely with your income then you can't be silent, you have to get out of it and look for additional income to be able to save.
saving is very important for future life and if someone knows the benefits of saving then he will do anything to be able to fulfill it, the important thing is there is a desire to save then it won't be difficult.

Not hard to say but hard to do. Everyone's income is different as well as their needs are also different. It's hard to start saving, let alone saving from a third of my income every month. What happens is that sometimes my income for one month cannot meet my needs for the next month, so I have to borrow money to just survive.

maybe in the future I will try to manage my finances and set aside some of my income every month to start saving. And trying to find additional income to add to my savings. to answer future problems such as unexpected events (accidents) and to prepare for old age.

[Fredomago]

spending to meet basic needs is a very important thing to pay attention to and if it has been fulfilled then saving is something that must be done regardless of how much income you get per month and if expenses are higher or just barely with your income then you can't be silent, you have to get out of it and look for additional income to be able to save.
saving is very important for future life and if someone knows the benefits of saving then he will do anything to be able to fulfill it, the important thing is there is a desire to save then it won't be difficult.

We have to try to apply for new jobs to earn extra income when we are still productive for any job, we have to take advantage of our young age to work hard for savings needs because when we are old we are no longer able to work and have to rest a lot to maintain our health. Many people do not prepare themselves for old age so that financial management is not organized because they have to work hard at old age.

The prevailing pattern of society is that middle income people save more. And for exactly the opposite reason, low and high income people save relatively less. High income people have high consumption and investment rates, so savings are low, and low income people face a challenge in daily living. But you are right, no one can work in old age they need rest. That is why it is important to save something for the future at a young age which will provide security in old age.

You need to find those ways to achieve your goals it is important to seek for more possible earning generating side jobs, though from how you percept the possibility middle-income people are also good in balancing their expenses, with good control of their spending they can manage to save more compared with low and high-income people, using that same argument,

With high income, the maintenance of their expenses is most of the time level to how they earned and same deal with low income. They are stuck with what they've got and it will just repeat the cycle of life for them.

[BRINIRHA]

spending to meet basic needs is a very important thing to pay attention to and if it has been fulfilled then saving is something that must be done regardless of how much income you get per month and if expenses are higher or just barely with your income then you can't be silent, you have to get out of it and look for additional income to be able to save.
saving is very important for future life and if someone knows the benefits of saving then he will do anything to be able to fulfill it, the important thing is there is a desire to save then it won't be difficult.

We have to try to apply for new jobs to earn extra income when we are still productive for any job, we have to take advantage of our young age to work hard for savings needs because when we are old we are no longer able to work and have to rest a lot to maintain our health. Many people do not prepare themselves for old age so that financial management is not organized because they have to work hard at old age.

The prevailing pattern of society is that middle income people save more. And for exactly the opposite reason, low and high income people save relatively less. High income people have high consumption and investment rates, so savings are low, and low income people face a challenge in daily living. But you are right, no one can work in old age they need rest. That is why it is important to save something for the future at a young age which will provide security in old age.

Making preparations early from a young age is indeed a step that we must take if we want to get financial comfort in our old age. It's just that not all people can do it. such as low-income groups for example. usually the income they get is just enough to cover all basic needs. And to be able to save, they usually have to work extra to get additional income. And this can indeed be done if we have a young age and a healthy body.

So it is true that we should make the best use of our youth to work hard and try to increase our level of financial well-being. And prepare for old age by investing more in safe assets for the long term. have savings for a reserve fund and the rest i prefer to invest it. because with investment we can see our assets continue to grow by themselves. an example is in land property investment and the like.

[awik p]

spending to meet basic needs is a very important thing to pay attention to and if it has been fulfilled then saving is something that must be done regardless of how much income you get per month and if expenses are higher or just barely with your income then you can't be silent, you have to get out of it and look for additional income to be able to save.
saving is very important for future life and if someone knows the benefits of saving then he will do anything to be able to fulfill it, the important thing is there is a desire to save then it won't be difficult.

We have to try to apply for new jobs to earn extra income when we are still productive for any job, we have to take advantage of our young age to work hard for savings needs because when we are old we are no longer able to work and have to rest a lot to maintain our health. Many people do not prepare themselves for old age so that financial management is not organized because they have to work hard at old age.

The prevailing pattern of society is that middle income people save more. And for exactly the opposite reason, low and high income people save relatively less. High income people have high consumption and investment rates, so savings are low, and low income people face a challenge in daily living. But you are right, no one can work in old age they need rest. That is why it is important to save something for the future at a young age which will provide security in old age.

You need to find those ways to achieve your goals it is important to seek for more possible earning generating side jobs, though from how you percept the possibility middle-income people are also good in balancing their expenses, with good control of their spending they can manage to save more compared with low and high-income people, using that same argument,

With high income, the maintenance of their expenses is most of the time level to how they earned and same deal with low income. They are stuck with what they've got and it will just repeat the cycle of life for them.

this is like a mindset that has been instilled for generations, therefore even though we have low income, we also have to suppress our needs so that we can set aside money to invest, moreover investing in bitcoin is very easy with whatever money we have we can invest. that way we will get a greater return and of course after that we can expand our money so that we can enter the middle class, and the rest we will become rich. but we have to go through the struggle even though we are looking for additional income from other work. especially if we are still in our productive age, so we have to try to change our destiny

[barisbilgili]

this is like a mindset that has been instilled for generations, therefore even though we have low income, we also have to suppress our needs so that we can set aside money to invest, moreover investing in bitcoin is very easy with whatever money we have we can invest. that way we will get a greater return and of course after that we can expand our money so that we can enter the middle class, and the rest we will become rich. but we have to go through the struggle even though we are looking for additional income from other work. especially if we are still in our productive age, so we have to try to change our destiny

whatever income we get, we can save it if we have the desire to do that.
actually saving is something that must be done regardless if the savings will be used for investment or other things, but what is certain is that it will be useful for the future.
and also to change one's destiny it takes hard work and also consistency, not everyone will remain in poverty if he has great determination to get out of it.

[DrBeer]

spending to meet basic needs is a very important thing to pay attention to and if it has been fulfilled then saving is something that must be done regardless of how much income you get per month and if expenses are higher or just barely with your income then you can't be silent, you have to get out of it and look for additional income to be able to save.
saving is very important for future life and if someone knows the benefits of saving then he will do anything to be able to fulfill it, the important thing is there is a desire to save then it won't be difficult.

We have to try to apply for new jobs to earn extra income when we are still productive for any job, we have to take advantage of our young age to work hard for savings needs because when we are old we are no longer able to work and have to rest a lot to maintain our health. Many people do not prepare themselves for old age so that financial management is not organized because they have to work hard at old age.

The prevailing pattern of society is that middle income people save more. And for exactly the opposite reason, low and high income people save relatively less. High income people have high consumption and investment rates, so savings are low, and low income people face a challenge in daily living. But you are right, no one can work in old age they need rest. That is why it is important to save something for the future at a young age which will provide security in old age.

Making preparations early from a young age is indeed a step that we must take if we want to get financial comfort in our old age. It's just that not all people can do it. such as low-income groups for example. usually the income they get is just enough to cover all basic needs. And to be able to save, they usually have to work extra to get additional income. And this can indeed be done if we have a young age and a healthy body.

So it is true that we should make the best use of our youth to work hard and try to increase our level of financial well-being. And prepare for old age by investing more in safe assets for the long term. have savings for a reserve fund and the rest i prefer to invest it. because with investment we can see our assets continue to grow by themselves. an example is in land property investment and the like.

Since we didn't have time to get financial literacy ourselves, it's worth not repeating the mistake and teaching it to our children.

Financial education should, in my opinion, be compulsory in elementary school, like arithmetic and English Without it it would be difficult to live in the modern world... In fact, we are now seeing the result of the lack of financial literacy of the population - unbridled consumption, buying unnecessary goods and things, as well as the reckless use of credit ... So we teach our children, than we save from problems in the future!

[ElmedoRator]

Lifestyle choices and personal priorities play an important role in determining how much a person can save. Know how to distinguish between needs and wants and make informed decisions about spending. Assessing whether a purchase aligns with your long-term financial goals and delivers real value can help prioritize savings over immediate gratification. In addition to paying attention to your spending habits and focusing on prioritizing your savings, you can make more deliberate choices about how your income is distributed. This approach allows you to build a strong financial foundation and create a safety net for the future.

[og kush420]

Saving a third of your monthly income can be a realistic goal, but it depends on factors such as where you live and your expenses. If you earn $3,000 per month and have moderate expenses such as rent, food, utilities, phone bills, travel, and occasional entertainment, it's possible to save $1,000.

However, it's important to consider the cost of living in your area and your personal financial obligations. It also requires budgeting and the discipline to save consistently to create a viable savings plan.

that is not an easy task esp at this point of time! since we are not a CEO of a fancy firm or earning a lot. But we can try manainting some goals and saving some funds to either have a vacation or to charity

[og kush420]

Saving a third of your income can be a challenge for many people. After all, everyone's financial situation is different. Factors such as rent or mortgage payments, debt obligations, health care costs, child care costs, and supporting family members can significantly affect your ability to save a substantial portion of a person's income. So consider the full financial picture when setting a savings goal. Instead of focusing only on a specific percentage, each person should evaluate his or her income, expenses, and financial priorities to determine a viable savings amount that is appropriate for his or her own circumstances.

If you are lucky to have been getting the right advise from the right person and you do the right decision for the best of your financial health then surly the prospirity would folllow you!

[Dr.Osh]

Lifestyle choices and personal priorities play an important role in determining how much a person can save. Know how to distinguish between needs and wants and make informed decisions about spending. Assessing whether a purchase aligns with your long-term financial goals and delivers real value can help prioritize savings over immediate gratification. In addition to paying attention to your spending habits and focusing on prioritizing your savings, you can make more deliberate choices about how your income is distributed. This approach allows you to build a strong financial foundation and create a safety net for the future.

well, other than that, another important point is limited income. even outside of lifestyle and priorities, another important thing is how much a person earns each month. there are still very many people who have only enough monthly income to meet their daily needs, or even less. so, if you want to save, we should try to increase the income we have.
Apart from that, looking for additional work as well as investing is a very good thing to do. if someone is young, maybe focusing on saving and investing is the right choice. If there is more than $100 left to save from remaining expenses, then it would be better to choose $50 to invest and $50 to save. it aims to increase income, and can also be a future asset.

[bayu7adi]

Lifestyle choices and personal priorities play an important role in determining how much a person can save. Know how to distinguish between needs and wants and make informed decisions about spending. Assessing whether a purchase aligns with your long-term financial goals and delivers real value can help prioritize savings over immediate gratification. In addition to paying attention to your spending habits and focusing on prioritizing your savings, you can make more deliberate choices about how your income is distributed. This approach allows you to build a strong financial foundation and create a safety net for the future.

well, other than that, another important point is limited income. even outside of lifestyle and priorities, another important thing is how much a person earns each month. there are still very many people who have only enough monthly income to meet their daily needs, or even less. so, if you want to save, we should try to increase the income we have.
Apart from that, looking for additional work as well as investing is a very good thing to do. if someone is young, maybe focusing on saving and investing is the right choice. If there is more than $100 left to save from remaining expenses, then it would be better to choose $50 to invest and $50 to save. it aims to increase income, and can also be a future asset.

Lifestyle is crucial, and indeed, everyone requires a lifestyle that enables them to position themselves within a more fitting environment. It is not merely about squandering money on frivolous needs; rather, it pertains to establishing positive connections with individuals who possess the potential to mutually support and advance one another's economic prospects.

There exist certain lifestyles that are also futile to pursue, such as the negative urban lifestyle that solely serves as a realm of consumerism and fleeting satisfaction. It is imperative to avoid such a lifestyle in order to allocate more towards savings and investments, thereby fostering greater financial security and growth.

[Republikcoin.com]

Saving a third of your monthly income can be a realistic goal, but it depends on factors such as where you live and your expenses. If you earn $3,000 per month and have moderate expenses such as rent, food, utilities, phone bills, travel, and occasional entertainment, it's possible to save $1,000.

This is quite a large amount of income which is basically easier to save, especially if the point of saving is at $1000 which a person still has $2000 for all the necessities he needs to live. But this can't be imagined by those with small incomes because they still have to struggle for their daily needs first before struggling to make more decent savings in their lives even though by collecting little by little.

However, it's important to consider the cost of living in your area and your personal financial obligations. It also requires budgeting and the discipline to save consistently to create a viable savings plan.

Considering the cost of living is always important, and it's not seen from which environment you come from and live your life. Because budgeting and the discipline to save consistently are part of everyone's planning in life, even though not everyone can do it at the same time because basically everyone doesn't have the same amount of income in their life.

that is not an easy task esp at this point of time! since we are not a CEO of a fancy firm or earning a lot. But we can try manainting some goals and saving some funds to either have a vacation or to charity

Obviously it is not an easy task to carry out even though many people often say it is easy, because people who have little income certainly need to set every goal before they can carry it out gradually in life. Especially if they want to make savings for charity and for vacations, it always takes a little longer to make that happen, because they need to accumulate money slowly.

[xSkylarx]

Lifestyle choices and personal priorities play an important role in determining how much a person can save. Know how to distinguish between needs and wants and make informed decisions about spending. Assessing whether a purchase aligns with your long-term financial goals and delivers real value can help prioritize savings over immediate gratification. In addition to paying attention to your spending habits and focusing on prioritizing your savings, you can make more deliberate choices about how your income is distributed. This approach allows you to build a strong financial foundation and create a safety net for the future.

well, other than that, another important point is limited income. even outside of lifestyle and priorities, another important thing is how much a person earns each month. there are still very many people who have only enough monthly income to meet their daily needs, or even less. so, if you want to save, we should try to increase the income we have.
Apart from that, looking for additional work as well as investing is a very good thing to do. if someone is young, maybe focusing on saving and investing is the right choice. If there is more than $100 left to save from remaining expenses, then it would be better to choose $50 to invest and $50 to save. it aims to increase income, and can also be a future asset.

The problem when we are young and we don't have experience on things is that we usually spend it on nonsense. I mean, before my first job, I was earning minimum wage and also single, but still, I was broke because I always bought useless stuff and also alcohol and parties every day. I was kind of new to the world and wanted to explore things, and now that I've seen the true meaning of life, I now save even a small amount because it is for our future. It doesn't mean that if you save it should be big,, any amount will do as it will accumulate.