Out of a monthly salary of 3.5 million KRW:
- Housing: 500,000 (monthly rent)
- Food: 400,000
- Insurance/Telecom: 150,000
- Savings/Investments: 1,000,000 (ETF 500,000, Deposit 300,000, Cash 200,000)
- Other: 1,450,000
So my savings rate is about 28%. Is that a bit low? I see people around me saving 40%.
My goal is to save 100 million KRW by age 40. Since it's hard to expect stable returns from ETFs, I'm thinking about trying crypto too.