How many percent of your income should be put into saving?

Question

How many percent of your income should be put into saving?

Answer 1

Should be put into saving 10-15% including your retirement fund.  What actually happens in most cases is a lot less.

Answer 2

What ever you're comfortable with. You can always ad more later.

Answer 3

you should save 10% at of any income you receive.

Answer 4

The right range is about 10-15%, which is a very difficult target for low-income people who have to spend all their money on surviving - rent, food, transportation. The exact range depends on your goals that have a financial impact such as getting a new car, getting married, buying a house, retirement, etc. The more goals you have the more you will need to save.

Answer 5

Depends.  In general the more you can save, the better, but for a real answer you would need someone to take an in-depth look at your financial situation.  You may want to consider talking with a financial consultant; they can look at your finances and give you advice that best fits your situation and what you want to achieve.

Answer 6

10%.

And pay yourself first! That means 10% of all earnings, before taxes. You should have 3-6 months of living expenses saved in case you lose your job or something.

After that, take 10% and start investing in yourself. Mutual funds, index funds, stocks, etc.

Answer 7

No matter what your income level is at, you should plan on saving at least 10% of your gross income.

Answer 8

It depends on what your income to expense ratio is.  Someone with a 100K salary can obviously save more  than a person making a 30K salary.  

I don't live any kind of a fancy life, but at the end of the month after bills and expenses, I barely have 1% to save.  I figure I'll make up for it in the future as I get raises and such.