Revhappy !!revhappy wrote:While I was at home in Bangalore I could save 90%. My parents were taking care of everything all I had to worry about was filling gas in my car and eating out.
Now in Singapore its been about 66% on average. But thats because I have no fixed assets/home loans. My entire portfolio is liquid. People who say they save much lesser, probably have home loan installments which should be considered as savings.
I dont think saving as a %age of salary is relevant. Its the absolute figure that matters.
You are from Bangalore ?? I worked at BPL Group in Arekere Gate , Old Madras Road and Doodalapur in the late 80s and early 90s.
KP Nambiar was the chairman. Not sure if he still alive or not.