How do u all save money?

[Limexx]

Eat in school

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[donald83]

You have to look at your monthly expenses and see what can you cut. I religiously save 2k per mth but due to 2nd kid coming, i need to adjust my livestyle because i am not willing to cut my savings.

First thing i did was to cut newspaper subscription at around $30 per mth and i get the newspapers from in-laws place.

Try not to eat out so often and if you do, try to budget around $5 per meal. Don't buy drinks. Anyway drinking after a meal will cause indigestion.

Of course it is fine to indulge in cafe or affordable restaurants once in a while. Try not to spend lavishly or things that are unnecessary

 

[akwl88]

You have to look at your monthly expenses and see what can you cut. I religiously save 2k per mth but due to 2nd kid coming, i need to adjust my livestyle because i am not willing to cut my savings.

First thing i did was to cut newspaper subscription at around $30 per mth and i get the newspapers from in-laws place.

Try not to eat out so often and if you do, try to budget around $5 per meal. Don't buy drinks. Anyway drinking after a meal will cause indigestion.

Of course it is fine to indulge in cafe or affordable restaurants once in a while. Try not to spend lavishly or things that are unnecessary

wah got kid liao still can save 2k per month? high income wo

 

[QNH1013]

For ur age, u already know how to plan for ur future. Ur parents must have little worries.

haha, unfortunately humans are hardwired to worry

 

[sAVaGEmP5]

just yolo man and be happy spend everything in your bank becos who knows next moment...

And by the time im 50, i will own multiple properties and renting to the yolo gen muauhhahaha 5-10 yo younger than me and single

Thats my income making strategy. Give me 20 yrs i come back open a new thread.

 

[havetheveryfun]

just yolo man and be happy spend everything in your bank becos who knows next moment...

And by the time im 50, i will own multiple properties and renting to the yolo gen muauhhahaha 5-10 yo younger than me and single

Thats my income making strategy. Give me 20 yrs i come back open a new thread.

20 yrs maybe HWZ already evaporated into thin air

 

[walsly]

ocbc 360 + ocbc 365 cc to earn interest and cashback.

set weekly and monthly budget. save the rest.
invest whatever i saved whenever opportunity comes.

but ocbc360 the interest cap at 60k right? i also interested to know, dono where to put my money

 

[SBC]

1. Uob 1-account, about $100 per mth interest
2. Ocbc 360, about $100 per mth interest
3. Stock dividend, about $1000 per mth
4. Stock capital gain. About $500 to $1200
5. SRS
6. Term policies
7. 2 saving policies.
8. Few life polices.
9. Parent CPF MSS top up.

Cash value of my participating policies are in excess of 150k. Help to provide a good buffer for me, if needed.

 

[frenchbriefs]

recently my cousin got married,hes like 4 or 5 years younger than me which makes him 21,22 at best.I wonder how the fick did he afford it.which makes me more determined to accumulate 250k and achieve financial independence before im 29.

 

[starlight318]

recently my cousin got married,hes like 4 or 5 years younger than me which makes him 21,22 at best.I wonder how the fick did he afford it.which makes me more determined to accumulate 250k and achieve financial independence before im 29.

Are u sure 250k is enough for financial independence? Unless ur living expenses are super low like less than 1k per month..

 

[Genesisz]

wah got kid liao still can save 2k per month? high income wo

Sometimes it is the determination.

 

[frenchbriefs]

Are u sure 250k is enough for financial independence? Unless ur living expenses are super low like less than 1k per month..

no probably not,enough for semi retirement......most important thing is it will buy me some freedom to do the things i want to do in life while im still young.go to australia and enjoy,chill on the beach all the day and do nothing,if need money just wait for dividend or go to the casino and play some poker.not easy to get 12k free money every year best of all u dont have to be at work in order for money to come to you,it come to you regardless.

 

[spiritGate]

wah 120/mth. ur savings must be quite a lot.

Yea i maxed out my ocbc 360 and a bit from uob one account. Aim the avg for this year is around 140/mth

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[kindablue]

I bought SGS bonds! Safe savings for the future!

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[sAVaGEmP5]

20 yrs maybe HWZ already evaporated into thin air

14 yrs ago when i sign up HWZ i also thot so. 14 yrs later its still here.

I also sign up meetup.com 12 yrs ago...

 

[haoKRR]

Few things to add.

Go home everyday after work, keep a max of $5 for lunch, dont buy drink. Go back office drink water.
Chill with your friends once in a while(monthly?). Eat something good on weekend(fortnightly or monthly?)
Shop during GSS nia.
Buy insurance plan to cover yourself.

 

[provisure]

Few things to add.

Go home everyday after work, keep a max of $5 for lunch, dont buy drink. Go back office drink water.
Chill with your friends once in a while(monthly?). Eat something good on weekend(fortnightly or monthly?)
Shop during GSS nia.
Buy insurance plan to cover yourself.

if you can live with a simple life, should be not difficult to save up.

 

[luvalist]

more imptly ask urself why wanna save up. need a motivation and money will come!

 

[spiritGate]

more imptly ask urself why wanna save up. need a motivation and money will come!

My motivation is to buy 2 bedroom condo before i hit 30

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[Happygirlzz]

ya lor.. how to save money nowadays lehh?? i dont really save money, i am a person more towards enjoying every moment. e.g travel and shop all i can when i am still young.. i worried when i am old in my 40s or 50s, even wan to travel, knee also aching, or body cannot take it.. so i rather spend my money while young in my teen years and 20s..