Saturday, July 08, 2006

How do you want to divide your Salary?

How do you spend and save from whatever you get as your take-home salary? Here are our thoughts...

Say for example your salary is $100.

Ideal scenario, I could think of -

60% for your operating expenses,
10% for your loan payments like house, car, bike, giving back any pending study loan, any property etc.,
20% for your savings and just savings,
6% for any accidental expenses - anytime it might come up,
2% of your salary should go for buying books,
2% for helping someone, charity and donation.


This is a very comfortable life scenario...What do you say?

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