Just wanna know from people who are ere earning a mimmum of 60,000 .


How much do you get after TAX in hand and how much r u guys able to save and a brief details of expenses as well.

I was just calculated the other day and came to conclusion that u need to earn a mimimum of 70,000 in order to save 10 lakh indian ($ 30,000 )approx; maintain a decent lifestyle and run a family of 4 but after speaking to some people they said that its not even possible to save that amount even after earning that amount.

Thought the wonderful people on this wonderful forum will throw some light on this issue.

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Sucess is not an accident it is a result of hardwork with intelligence.

Yes.
Approx. taxes $20,000.00
Approx. expenses: $30,000-$35,000.00
Rest you can calculate!
Four years in Canada.

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Sunil Sharma, P.Eng.

Quote:

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Orginally posted by sunilosharma

Yes.
Approx. taxes $20,000.00
Approx. expenses: $30,000-$35,000.00
Rest you can calculate!
Four years in Canada.

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Chandresh

Advice is free – lessons I charge for!!

I agree with Chandresh. I am getting around 60K, saves almost nothing and I dont see much opportunities for any increase in my salaries in the coming years as I am getting stagnated in my present position now and the level above me is generally occupied by Goras.


Timon

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"The grass is not, in fact, always greener on the other side of the fence. Fences have nothing to do with it. The grass is greenest where it is watered. When crossing over fences, carry water with you and tend the grass wherever you may be"

Same here... you keep on crushing your bones to earn more money.. but it looks bank account has very big hole in it.... money just disappear from there

Thanks and regards.
Biomed

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"Change before you have to" : Jack Welch

Any one who is already saving that amount of $ 30000 a year ; please remember my question is meant that at what earnings and after a decent lifestyle you can save the amount mentioned earlier.

For Chandresh

If you are earning that amount why shouldn't one opt for house as you get appreciation as compensation for the mortgage intrest and other heat ,hydro etc expenses.

I would also say 2 cars is needed but then i know Chandresh's son is almost my age so he is giving his perspective ; wheras the family in my mind is A couple middle aged with 2 Kids in thier 5-13 range .so That family can also do with just one car as well ;thats probably a small adjustment that we make.

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Sucess is not an accident it is a result of hardwork with intelligence.

I think it is very much clear thru these post that no one can save that much mpney in this country, isn't it?

Thanks and regards.
biomed

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"Change before you have to" : Jack Welch