And it's only as an adult, I am learning how to save. And it's been a painful process. But thankfully, am in a situation that I am able to put aside some money each month from my salary. I still have not figured out exactly how much I should save. I started at 10% and gave myself a goal to increase the amount to 15% of my salary at my next pay increase. And this April, I managed to increase the amount to 15%.
I have mentioned before that I set up separate bank accounts to help me organise my money better and am able to save properly. I have different funds such an as emergency fund, and ordinary savings. I also have the 'five dollar' savings and my 'gold coin' savings in my Ox Moneybox. Recently, included travel fund. I have never travelled using cash. Past practice has been to sign on my credit card for the trip and while on the trip, continue to sign on the card. Then I would pay it off slowly, while accumulating the interest.
I know I shouldn't tap on my other savings since I have put aside a separate budget for travelling. I wouldn't want to cancel or postpone the trip because I can only travel during certain time of the year due to work. Then it would make sense to consider another trip that I can afford. With the economy not fully recovered, travelling to nearby countries would make good sense.