★ How I Save 75% of My Income Each Month

"First, I roughly calculated a 10% tax rate out of my income, knowing I could adjust it when I get paid and see the actual figure. Then, I did something different than most people I know. If people plan their savings at all, most subtract all their expenses and see how much savings they have left. Instead, I did the opposite. I began with saving 50% of my after tax income. I multiplied 0.5 times my after tax income and took that total out of the sum. Then I subtracted my other expenses including food, gas, entertainment, shopping, business services (for my website), etc."

-------- Photo Credit: Chris Potter