How much should you save for the rainy day?

Replies

• 

  Saandeep Sreerambatla

  My opinion in this is ...
  
  How much depends on individual wishes and wants.
  They are never fulfilled am i correct??
  
  They keep on increasing day-by- day.
  
  Well coming to me I want to save 0.00000 percent for a rainy day!!
  
  One should face diffculties too in life wat say ??
• 

  swapnakumar

  @Biggie:
  As goes the saying"make hay while the sun shines" so save as much as you can because during rainy days may be you dont havee a chance to step out of the house so my answer is save as much as you can
  Any corrections please let me know.
• 

  Differential

  swapnakumar

  @Biggie:
  As goes the saying"make hay while the sun shines" so save as much as you can because during rainy days may be you dont havee a chance to step out of the house so my answer is save as much as you can
  Any corrections please let me know.

  This way one may end up spending all sunny days to earn for rainy days and he won't get time for playing in sun. and what you have earned may be extra in rainy days. One might not have expected rainy days in his life.
  
  One of the quotes I came across.
  
  "In young age Man loases his health to earn money, and then loses money to earn health"
• 

  Aashish Joshi

  Differential

  This way one may end up spending all sunny days to earn for rainy days and he won't get time for playing in sun. and what you have earned may be extra in rainy days. One might not have expected rainy days in his life.
  
  One of the quotes I came across.
  
  "In young age Man loases his health to earn money, and then loses money to earn health"

  I agree completely. Depending on other factors (like insurance policies, mediclaim, etc) what you save for a rainy day should be at least 10-15% of what you get in hand.
• 

  digitalchef

  In the states I'd say it's at least $100k based on the cost of medical procedures (even if you have insurance). I'd keep some of it in gold though 😉