There is no definitive measure to assess whether your expenses proportionate or not. The important thing to note is that you prioritize the spending of the principal and do not forget to pay tax on your income. While the rest of your income, you can freely use without sacrificing the interests of the future.

As long as your expenses are under revenue and still have a surplus for savings, it can be said that you are not wasteful. However, how much should you save of course depends on the financial goals you want to accomplish in the future.

If the financial goals you want to achieve it only education funds, the funds can be saved through regular savings. But, if you have other financial goals are to prepare the funds from now, then you may want to develop these funds to make investments, not just saving money in a savings account or deposit it. (more…)