CrazyEngineers
CrazyEngineers

  • How much should you save for the rainy day?

    Kaustubh Katdare

    Kaustubh Katdare

    @thebigk
    Updated: Oct 24, 2024
    Views: 1.0K
    About two years ago, I had a very interesting discussion with a senior colleague of mine. The topic of the discussion was "How much should you save for the rainy day?"

    Let's use percentages instead of real values for our discussion. What do you think?
    0
    Replies
Howdy guest!
Dear guest, you must be logged-in to participate on CrazyEngineers. We would love to have you as a member of our community. Consider creating an account or login.
Replies

  • Saandeep Sreerambatla

    Member • Aug 6, 2009

    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 ??
    Are you sure? This action cannot be undone.
    Cancel

  • swapnakumar

    Member • Aug 7, 2009

    @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.
    Are you sure? This action cannot be undone.
    Cancel

  • Differential

    Member • Aug 11, 2009

    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"
    Are you sure? This action cannot be undone.
    Cancel

  • Aashish Joshi

    Member • Aug 11, 2009

    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.
    Are you sure? This action cannot be undone.
    Cancel

  • digitalchef

    Member • Aug 13, 2009

    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 😉
    Are you sure? This action cannot be undone.
    Cancel
Home Channels Search Login Register