Originally Posted by Unregistered

Don't have to sell kidney or backside. Start by saving 10% of your pay every month. This 10% guideline is actually western standard. Once you achieve 10% consistently, you should then progress to Asian standard of saving 50% of your pay every single month. Of course, the more you earn, the higher the percentage you can save, which is why some people can save 60-70% of their pay!

You may ask: save for what?

Well, my answer: for rainy days, for unforeseen expenses, and for making even more money when opportunity strikes - for example, a business opportunity or an investment opportunity (condo fire sale, stocks fire sale, ...)