Saving is important for everyone.  There are many reasons why people save.  Be it save for future, save for marriage, save for education, save for retirement or save for emergency, it is essential and vital to all of us living in this world.  But do you know how much you need to save every month from your monthly income is considered an ideal amount? 10%, 20% or even more from your monthly household income?  The answer is between 20 to 25 percent of the household income.  Of course, the more you save the better you are!

Some people will ask what is included in a household income?  Household income is the total income made by all individuals in a household which is including monthly fixed income, yearly bonus, allowances and etc.  So for example, you have 3 family members in your family who are in the workforce and the total combined income is RM10,000 per month.  So the ideal monthly savings should be at least RM2,000.00 to RM2,500.00 a month. 

Most Malaysians save 10 percent or less from their household income.  This is obviously not enough!  So in order to save more money for future, you either need to cut down your monthly household expenses or increase your monthly household income. 

So ask yourself, do you save enough every month for your future?  I do!  How about you?