There is simply not enough money to spend. How can I even think of saving? Perhaps when I get into a decent job, earn more and marry a working spouse.
Well, if only things were so straight. There is no Best way to save, except one. Start NOW.
My friend’s father said there’s a thumb rule. Save 25% of your total earning, invest 20% and donate 5%, if you can. The rest 50% can go into your loans, routine expenses and that ‘thing’ you always wanted to buy (one at a time). And as I said earlier, if you don’t need to buy something after a couple of days, you probably don’t need to buy it at all.
While we may not be able to strictly follow this, aim to come close. After all, you need to think of your insurance, investments, dependents, retirement and most of all, enjoying Life (travel, car, farm-house, home theater, library or whatever).
