The saving habit
What’s also seems to be consensus is that saving should be an habit. And also that there’s no too little savings. Saving 10€/month is still better than not saving at all. And it force to construct healthy money habits.
I like to think my saving in flux and save into different vaults :
- I save 30% of all my incomes.
- I sometimes have to pay 20% delayed taxes depending the company with which I’m charging the client. When it’s the case, I block 20% for the taxes, and 20 other % for saving.
Then I split the money save into my three different vaults like this :
- 100% Emergency fund until it reach
8 * monthly burn ratethen only 20% - 50% for travel and Scuba diving equipment in my state controlled saving plan
- 30% in my investment strategy: cryptocurrencies, stock markets and real estate.
The remaining amount of money is keep on my day to day bank account to make my basic operations and buyings.