Tuesday, September 24, 2019

What's Your Savings Rate?

Hi all,

most of us have to get up in the morning, do our little morning routing and then hurry off to work to earn a paycheck...

we have bills to pay after all. And then there is Christmas right around the corner too....

But how much of  money is left after we have paid all our bills and other obligations?

For a lot of us it is hardly anything since living expenses and rent are sky high.

A 2015 report by Suncorp found that the average savings by Australians was $427 per month ($5,124 per annum). Not too shabby. 
Those aged 25-34 were the best savers with an average saving of $533 per month ($6,396 per annum).
How about yourself??
How much are you stuffing into your pillowcase each month? Is it 10% of what you earn?
Is it 20%, 30%, 40% or even more?
In our case it is about 60% of all we earn! 
It is an amazing feeling to know that if something is ever going to hit the fan, you will have enough stashed away to get yourself out of trouble, at least for a while.

Let me know your thoughts in the comments below.

Until then - be awesome

No comments:

Post a Comment