I usually aim to save 40% of my basic income every month after other expenses, even though the actual target falls between the 20 -35% range.
I have a very simply formula when it comes to money: save some, spend some and keep some- which has proven quite effective over the years.
It isn't just enough to simply put aside a portion of your income though, as I have noticed that idle funds will eventually be spent/wasted. I also encourage that we have specific targets for why we are putting aside a portion of our incomes for more saving effectiveness
1 ,or 2. I'm still young and I've been spending most of the little I've been earning.
I expect my earning to double or triple in next 5 years, so that should change few things.