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When I lived in Budapest, I was able to save ~50% of my invome. When I lived in London, I was able to save 60-70% of my income. Here in Dubai I can save 70-80%.
by Maro 9y ago
When I lived in Budapest, I was able to save ~50% of my invome. When I lived in London, I was able to save 60-70% of my income. Here in Dubai I can save 70-80%.
Reason: (i) no kids (ii) I don't need anything other than phones and Macbooks and some shoes (iii) no expensive cars/houses to maintain (iv) high income (but not out of the ordinary for Eng).
More generally: earn money in high pay cities and live frugally (London, Dubai), spend money in low cost cities (Budapest). Works like a charm.
- digianarchist 9y agoI'm surprised that you were able to save more money in London than Budapest. Rents in London are prohibitively expensive. Did you share a place? In Toronto my min-expenses swallow 50% of my salary.
- Maro 9y agoI had significantly higher income in London, at Facebook. I saved about 50% of my base salary, but I got lots of bonus/stock money on top of that.