How Much of Your Salary Should You Save and Invest?
Recently, someone asked this question in a public forum, and I thought of sharing a simple and practical answer for everyone’s benefit.
One of the most common questions people ask is:
"How much percentage of my salary should I save and invest?"
The truth is, there’s no fixed percentage for everyone—it completely depends on your monthly expenses and lifestyle. To get a clear picture, I recommend you start by creating a personal cash flow statement.
A cash flow statement helps you track:
-
Your monthly income
-
Fixed and variable expenses
-
Actual savings left at the end of the month
Once you know your exact monthly savings, it becomes easy to calculate your saving percentage of income. From there, you can decide how much you want to allocate towards investments like mutual funds, SIPs, or insurance plans.
If you need a cash flow Excel sheet, I’d be happy to create and share one with you. It’s a great first step toward gaining control over your finances.
About WealthCare Vest by Raghav
At WealthCare Vest, we focus on caring for your wealth and strengthening your investment journey. Whether you're just starting or looking to grow your financial portfolio, our goal is to provide personalized support and tools to help you build long-term wealth with clarity.
https://linktr.ee/wealthcarevest
Disclaimer:
The information provided in this blog is for educational purposes only. Financial planning and investment decisions should be made after evaluating your personal financial goals and risk tolerance. Please consult a certified financial advisor before making any financial decisions.
Comments
Post a Comment