I want to say something about a very common piece of advice dished out by many financial advisors and that is to save at least 10% of our take home pay. Now, this is an easy enough one liner but is it easy to put into practice? For me, however, I have always said that saving even 10% is too little. Of course, everyone's circumstances are different. So, for some, 10% is all they can manage. For some, even 5% could be a challenge. I have found out, over the years, that many do not save anything at all. For people who are saving 5% to 10% of their salary every month, they want to work on increasing that percentage. For those who are not saving anything at all, it is worrisome indeed. These people should sort out their needs and wants and see if they could start saving some money regularly. ......