For people earning below $5k

[1982-1994]

How long do you need to work, to save for a month of expenses?
For now, 2 months for me

 

[Lil_d3viLz]

Monthly expenses = $1,500 (I'm poor)
I guess 1 month? or 0.5 month?

 

[hachi]

My household income.. One month equal to 3-5 months of family expenses without car and travel... Consider?

 

[harky]

cpf help me save $$

 

[titusilvering]

How long do you need to work, to save for a month of expenses?
For now, 2 months for me

Why you spend so much money

 

[cleverman]

i earn 10k/mth.

I can barely save more than $100 per month.

 

[dambio]

Why you spend so much money

Make money is to spend la. Nowadays things r very uncertain. Even for young ppl. Here today gone tomorrow. Due to illness or accidents.

 

[Rootbeer28]

How long do you need to work, to save for a month of expenses?
For now, 2 months for me

YOLO lah...no need save

 

[Monstruo^]

How long do you need to work, to save for a month of expenses?
For now, 2 months for me

Don’t understand your question leh.

You mean your monthly expenses = your two months of savings?

So you are doing backwards?
I thought expenses ish expenses, savings ish savings. How come your monthly expenses need to touch your savings and somemore ish 2 months of savings?

 

[Wishdom]

My expenses a month easily more 6k liao, don't know how you all manage your 5k finances so well to squeeze out savings.

 

[ykau]

Monthly expenses = $1,500 (I'm poor)
I guess 1 month? or 0.5 month?

Combining with my spouse, i'm trying to attempt $1250 per month.

 

[Monstruo^]

Let’s say your salary ish $3500. Let’s say. I duno how much you make per month.

After CPF deduction, your take home ish $2800.
This $2800, a portion ish saved, a portion ish used for fixed bills, and then the rest on whatever expenses for the month.

Let’s say you save $1000, then spend $1800.
Or save $500, then spend $2300.

But your question ish “How long do you need to work, to save for a month of expenses?”

Sounds like you spend more than you can afford to each month? Even your monthly salary bky cover your monthly expenses, until you need to use 2 months of savings to cover for 1 month of expenses?

 

[chekchek]

How to save? Tuition already 900 for a kid

 

[1982-1994]

Why you spend so much money

Food $600
Bills and allowances $1200
Insurance and medisave top up $700

YOLO lah...no need save

Must lah because I am not going to work anymore if I lose this job

Don’t understand your question leh.

You mean your monthly expenses = your two months of savings?

So you are doing backwards?
I thought expenses ish expenses, savings ish savings. How come your monthly expenses need to touch your savings and somemore ish 2 months of savings?

Yes I have to work for 2 months to tank for a month of expenses ,in the event of losing my job

Let’s say your salary ish $3500. Let’s say. I duno how much you make per month.

After CPF deduction, your take home ish $2800.
This $2800, a portion ish saved, a portion ish used for fixed bills, and then the rest on whatever expenses for the month.

Let’s say you save $1000, then spend $1800.
Or save $500, then spend $2300.

But your question ish “How long do you need to work, to save for a month of expenses?”

Sounds like you spend more than you can afford to each month? Even your monthly salary bky cover your monthly expenses, until you need to use 2 months of savings to cover for 1 month of expenses?

Take it that take home $3500, expenses $2500
But in the event of jobless, expenses becomes lower at $1900
Still, need 2 months of savings to cover
Sorry not good in expressing myself

 

[SayPorkGuy]

imma use opm, what is saving?

 

[Langrisser999]

My monthly salary is 2560.00. Still got 400++ left for saving.

 

[dushensiao]

i ssfa at home, 1 mth max 1.2k

No cat to finance

 

[itedino]

Me too my expenses around 6k monthly. how to save I also dunno

 

[keenklee]

Food $600
Bills and allowances $1200
Insurance and medisave top up $700


Must lah because I am not going to work anymore if I lose this job

Yes I have to work for 2 months to tank for a month of expenses ,in the event of losing my job

Take it that take home $3500, expenses $2500
But in the event of jobless, expenses becomes lower at $1900
Still, need 2 months of savings to cover
Sorry not good in expressing myself

IMHO.
Maybe for a start, the $2500 and $1900, find ways to lower it half way to $2200.

 

[Bumperbee88]

I earning below that amount @ $1.95k. But annual passive income @ $542k as of today