Always good to have some savings too that you could put your earnings towards as you never know what will happen in the future. There are so many things that can happen, that you might suddenly need money for. Your car might suddenly die, a family member might have an emergency, you might need to suddenly travel back home to visit your family, there could be an illness or things much later such as when your children are growing up, and need help with their first car or getting a foot on the property ladder etc, etc.
