What's Your Opinion on Saving 10% of Salary?

Spencer

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The purpose of this thread is to be an open discussion for all members, I read in many different blog posts and saving websites that it's advisable for employees to save 10% of their paycheck, in my opinion if you save just 10% of your paycheck, how long will it take you to save anything tangible?

In my opinion savings should b based on the problem you're trying to solve, so for example if you're trying to pay fees you can allocate more of your pay to that, it shouldn't be a static "10%", your money should go into improving your situation and solving your immediate problems.
 
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