How much u guys save?????
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Guys wat u all think of this plan...I'm 21 going to 22 this year end...Juz started my job abt 2 months ago...With the take home pay of abt 1.5k like tat
$300 giv parents...
$200 into prucash(Savings plan) for 25 years...
$300(can be more) into a bank account which i won't touch unless really emergency.
Then onli tell myself per month spend $400 to $500(abt $100 a week and at most $600 per month). Rest of the $$ will put into that bank account.
Wat do you think of this plan? Is it good for savings? do you think will i have enough for marriage, buy flat, future studies(Company will sponcer $12000 for my degree studies future), etc etc...??
Care to share valuable savings plans?? -
quite a nice saving plan.
But i would gif more to parents and save lesser -
Take Home pay = $2666.66
Total CPF Employer Included = $1100.00
Personal Saving Monthly = $1200.00
Prud Prucash = $137.24
Aviva ELA 21 = $170.70
Aviva Non ELA 21 = $55.60
AXA ILP = $100.00
Total Coverage = $200000 in the event of death another $100000
Grand Total Saving (All in) = $2763.54
Percentage of Saving = 73.37%
Present Planning is to invest all my CPF (Ordinary Account in Unit trust with RSP) Making a Net profit of $7k already in 2 years. Presently portfolio allocation is 80% Equity 20% Bond.
Next Step is to invest my monthly presonal saving into Unit trust as well. I lazy to invest in Stocks myself anyway as i am working in an investment bank, I am facing certain restriction in dealing in Shares. -
I would suggest that you look more into your wealth protection first ie. More insurance that would cater to your possible loss of income and medical bill should you come into any mishap.
Once that is done, then proceed your saving plan, take note that you should not let your saving idle in bank, your money should be working harder than you ie. invest them in stocks if you are risk adverse, invest in singapore govt Bill, at least the return is higher than fixed deposit or saving deposit from Bank.
Roll your money if not life will roll you over. -
why don t you invest your money into upgrading yourself through studies, or find ways to make more money, inflation is a constant state of going up through times, stinge and your life sufferOriginally posted by milk_milk:Guys wat u all think of this plan...I'm 21 going to 22 this year end...Juz started my job abt 2 months ago...With the take home pay of abt 1.5k like tat
$300 giv parents...
$200 into prucash(Savings plan) for 25 years...
$300(can be more) into a bank account which i won't touch unless really emergency.
Then onli tell myself per month spend $400 to $500(abt $100 a week and at most $600 per month). Rest of the $$ will put into that bank account.
Wat do you think of this plan? Is it good for savings? do you think will i have enough for marriage, buy flat, future studies(Company will sponcer $12000 for my degree studies future), etc etc...??
Care to share valuable savings plans??
while its good to have a plan like this, but dont resign yourself to a life of saving money, motivate yourself to a life of making more money -
pay + transportation allowance = 2k...
take home = 1.8k
give parents = 800
pay for car = 300
car petrol/oil/etc = 100
pay for food = 300
phone bills = 100
miscellaneous = 50~100
in the end can only save around 100 or 200 ev month
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I am in a situation pretty much similar to milk_milk. My take home pay is around $1700 and i am 20 years old..turning 21 in a few months.
This is what I did..
$500 to parents.
$500 for my own personal spendings (bills, transport, etc.)
$400 into investing (starting soon)
The rest are into my own personal savings (around $300).
I intend to invest in equities fund from AIA. Currently looking at AIA's Growth Fund and Regional Fixed Income Fund. Can anyone give me any comments on these 2 funds? These 2 funds are under ILP policy. -
you give so much to your parents??Originally posted by rainee:pay + transportation allowance = 2k...
take home = 1.8k
give parents = 800
pay for car = 300
car petrol/oil/etc = 100
pay for food = 300
phone bills = 100
miscellaneous = 50~100
in the end can only save around 100 or 200 ev month -
have to give them...cos they retired liao...so basically now i m the sole provider in the familyOriginally posted by leo-kun:you give so much to your parents?? -
X 2Originally posted by leo-kun:you give so much to your parents??
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regional fixed income fund is mainly bonds rather than equities... as for growth fund, its made up of abt 70% equities and 30% bonds.. the equities are mainly the blue chips in singapore..... its a "balanced" fund.. stable but not much growth....Originally posted by upanddown:I am in a situation pretty much similar to milk_milk. My take home pay is around $1700 and i am 20 years old..turning 21 in a few months.
This is what I did..
$500 to parents.
$500 for my own personal spendings (bills, transport, etc.)
$400 into investing (starting soon)
The rest are into my own personal savings (around $300).
I intend to invest in equities fund from AIA. Currently looking at AIA's Growth Fund and Regional Fixed Income Fund. Can anyone give me any comments on these 2 funds? These 2 funds are under ILP policy.
anyway, what u intend to invest in would depends on your risk preference too.. go and talk to some advisors in details.... u would understand more..
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$3000
$150 petrol
$300 food exp
$500 misc exp
$1800 lover's expenses
$250 savings -
ermm sing$ or MY$?Originally posted by rainee:pay + transportation allowance = 2k...
take home = 1.8k
give parents = 800
pay for car = 300
car petrol/oil/etc = 100
pay for food = 300
phone bills = 100
miscellaneous = 50~100
in the end can only save around 100 or 200 ev month 
big diff lah -
u supporting a tai tai arOriginally posted by alexkusu:$3000
$150 petrol
$300 food exp
$500 misc exp
$1800 lover's expenses
$250 savings -
Its my curse, my fate, my destinyOriginally posted by Chelzea:u supporting a tai tai ar -
I always target to save $1000 per month, but so far I've never managed to make that target. Expenses on alcohol, Gundam models, books, CDs and DVDs are just too high. Sometimes I really find it difficult to cut down on these, for without them my life just feels too boring.
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$0.
im so proud. -
u put so much on a savings plan policy but nothing for protection?Originally posted by milk_milk:Guys wat u all think of this plan...I'm 21 going to 22 this year end...Juz started my job abt 2 months ago...With the take home pay of abt 1.5k like tat
$300 giv parents...
$200 into prucash(Savings plan) for 25 years...
$300(can be more) into a bank account which i won't touch unless really emergency.
Then onli tell myself per month spend $400 to $500(abt $100 a week and at most $600 per month). Rest of the $$ will put into that bank account. -
i save $500 and another $100 into PruCash. hope it is enough..
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i dont save.
only all my one dollar coins. -
you have a high maintainence lover.Originally posted by alexkusu:$3000
$150 petrol
$300 food exp
$500 misc exp
$1800 lover's expenses
$250 savings -
another china lover??Originally posted by alexkusu:$3000
$150 petrol
$300 food exp
$500 misc exp
$1800 lover's expenses
$250 savings
can i be ur lover too??
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Wah, you all so young and yet can earn so much... what you guys working as?
My age: 24
Take home is $1280 (gross salary is $1600)
My expense
Parent - $300
My joint account with my girlfriend - $300
HP & internet - $120
transport - $120
Saving plan - $70
Personal expense - $200
