Posted by: doctorbee September 14, 2011
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First of all, your car payment is high for the income you are earning. So unless you get that paid off, it will be a significant dent on your savings.
Second of all, if you are single, maybe you should get an apartment with a roommate bumping your rent down leading to an additional $200 (x70 = NRS 14,000/month, i.e. NRS. 1,68,000 a year). Insurance is pretty cheap, and other expenses seem pretty standard (even conservative).
Your main problem (based on your apparent target for savings--essentially trying to buy a house in Nepal) is the income you are bringing in. Without maybe a second part-time job which entirely goes into savings, or a change of job that increases your overall income, you won't be able to save as much as your target goal is.
Second of all, if you are single, maybe you should get an apartment with a roommate bumping your rent down leading to an additional $200 (x70 = NRS 14,000/month, i.e. NRS. 1,68,000 a year). Insurance is pretty cheap, and other expenses seem pretty standard (even conservative).
Your main problem (based on your apparent target for savings--essentially trying to buy a house in Nepal) is the income you are bringing in. Without maybe a second part-time job which entirely goes into savings, or a change of job that increases your overall income, you won't be able to save as much as your target goal is.