How much you set aside for saving every month?

[soulblader_89]

assuming you earn 3.5 gross, 2.8k nett

How much do you intend save? How much do u intend to spend?

 

[JuniorLion]

Depends on age and commitment. Otherwise, your question makes little sense.

 

[soulblader_89]

Depends on age and commitment. Otherwise, your question makes little sense.

29, no gf for now

but parent very old, around 70

 

[JuniorLion]

Do you intend to get married and start a family?

Do your parents have private medical insurance? Do they have CPF Life payout and/or other sources of retirement funds? Are they completely reliant on you? Do you have siblings who will chip in to take care of them?

How much do you have in savings now?

 

[whatidesireiacquire]

Depends on your personal lifestyle and spending habit. Some people can earn $10K per mth but save little or none while those earn $2k to $3K can save 50% of their pay. So it varies from person to person but general guideline is to save about 20% of your pay.

 

[TabascoSauce]

800 on myself. Everything included (tax, food, bills, insurance, transport, etc)

Fixed amount for parents every month. How much depends on ur family.

Save and/or invest the rest

 

[hwarzoner]

I save about 67% of my salary. Single here.

 

[Maeda_Toshiie]

29, no gf for now

but parent very old, around 70

Any siblings?

 

[soulblader_89]

Any siblings?

single child

no gf

no friend,

 

[soulblader_89]

Do you intend to get married and start a family?

Do your parents have private medical insurance? Do they have CPF Life payout and/or other sources of retirement funds? Are they completely reliant on you? Do you have siblings who will chip in to take care of them?

How much do you have in savings now?

now only have around 3k in my bank account

Parent only medishield life, nothing else
They are not 100% reliant on me
No sibling

 

[numbers]

i same situation as u. 30 no gf, parents old, heng heng still healthy

pure cash saving maybe 1k per month. really spend little cos NO GF, and all friends are married with kids. So weekend/weekday after work, either go out with parents or stay at home no life.

with NO GF and married friends, really no urge to buy new clothes, eat at restaurants, buy new shoes, new tech gadgets also no use. No one to show off to. No Car, maybe planning to BTO at 35.

 

[Maeda_Toshiie]

i same situation as u. 30 no gf, parents old, heng heng still healthy

pure cash saving maybe 1k per month. really spend little cos NO GF, and all friends are married with kids. So weekend/weekday after work, either go out with parents or stay at home no life.

with NO GF and married friends, really no urge to buy new clothes, eat at restaurants, buy new shoes, new tech gadgets also no use. No one to show off to. No Car, maybe planning to BTO at 35.

Unless the law changes, you can only BTO "2 room" flats. It can be a little cramp.

 

[Maeda_Toshiie]

single child

no gf

no friend,

2800k take home.

Say you give $500 to your parents, and spend $800. You can save $1500, or slightly over 50% of your pay.

 

[soulblader_89]

i same situation as u. 30 no gf, parents old, heng heng still healthy

pure cash saving maybe 1k per month. really spend little cos NO GF, and all friends are married with kids. So weekend/weekday after work, either go out with parents or stay at home no life.

with NO GF and married friends, really no urge to buy new clothes, eat at restaurants, buy new shoes, new tech gadgets also no use. No one to show off to. No Car, maybe planning to BTO at 35.

No need to buy new clothes
no need to go hair salon - style and no style no different
No need to buy present for valentine day/christmas
No need to go oversea, just stay Singapore


Basically no where to spend the money, except chiong lup sup ML

 

[hwarzoner]

i cut my own hair using electric hair clipper, go jogging, ride mobike to work, eat cai png, watch youtube during off days.. really can save a lot, occasionally spend on some restaurants and hang some flowers..

 

[Maeda_Toshiie]

i cut my own hair using electric hair clipper, go jogging, ride mobike to work, eat cai png, watch youtube during off days.. really can save a lot, occasionally spend on some restaurants and hang some flowers..

No need to buy new clothes
no need to go hair salon - style and no style no different
No need to buy present for valentine day/christmas
No need to go oversea, just stay Singapore


Basically no where to spend the money, except chiong lup sup ML

All so horny sia...

Those aren't very cheap "hobbies".

 

[tangent314]

This is my suggestion:

1. Open a DBS Multiplier account.
2. Get your salary credited into your DBS savings account.
3. Get a DBS/POSB credit card (e.g. POSB Everyday) and arrange to have some of your bills paid through that card
4. Open a POSB Invest-Saver account, setup a $100/month Regular Savings Plan into Nikko AM STI ETF
5. Leave 1 month worth of spending in your DBS Savings account, move everything into the Multiplier account

This should set you up with some basic savings at 2%/annum. Before you start investing, I would recommend saving until you have about 6 months worth of spending in case you lose your job. When you feel you are ready to start moving more of your income into investing, the easiest option would be to simply increase the RSP amount.

 

[Hot_Dog]

Depends on how much you want to save, and why you want to save so much money for. It's actually a reflection of your outlook in life, and therefore no right or wrong. One just get what is already in their hearts

 

[soulblader_89]

All so horny sia...

Those aren't very cheap "hobbies".

just try to find some where cheap and avoid chop carrot head

Just wanna release ourselves, as I said, there is no where else to spend that money

 

[numbers]

Unless the law changes, you can only BTO "2 room" flats. It can be a little cramp.

2 room for single enough bah....single want 5 room for what? collect dust? bring zha bor to **** every night ? so big house must clean more...unless very rich hire maids clean