If you are someone who lives in another city, has to pay rent, buy the groceries, and financially support your family, then you would know that money comes and money goes. The expenses are too much and savings too little. On some days, you can’t seem to figure out where all that money went. In today’s age, having an emergency fund is itself a privilege.
So when one woman, who is an entrepreneur, took to LinkedIn to suggest salaried people that they should save 50% of their salaries, many people online strongly disagreed.
She further suggested that the above-mentioned savings should be invested in mutual funds, PPFs, stocks, gold, etc. Have a look at her post here:
Many took to the comment section to remind the woman that expecting most salaried people to save such a huge sum is unrealistic. It’s rather easy to do so when one doesn’t have to pay rent, EMIs or take care of their families.
people who don't have to pay rent or support their parents give different level ka gyaan on linkedin pic.twitter.com/FpbhpO8h6V
— Karnika (@KarnikaKohli) May 23, 2022
The other day someone was giving a gyaan on work-life balance on #LinkedIn, and guess what, that person has never worked a single day in her life. Apparently, she’s a life coach :D. Wonders never cease.
— Shashi Shankar Ghosh (@shashishankar) May 24, 2022
How would I tell her that 50% of our salary goes to only rent and grocery/food itself.
— Mohammed Kasim (முஹம்மது காசிம்) (@mmdkasim91) May 24, 2022
Imagine being a fresher with a 25-30k salary or bring in someone with 30% tax slab and put them across illogical gyaan like this.
— Abhishek_Bisen (@abhi_bisen) May 24, 2022
There is no said rule to savings. Every penny counts so save as much as you can. Little steps lead to big changes.