Quote:
Originally Posted by Unregistered
You are so lucky to have no liabilities. I earn 5k/month but hardly save much
Gross pay 5k. Take home 4k
Parents allowance- 1600
Insurance- 912 (Including hospital plan, term plan, life insurance and CI plans)
Savings endowment plan with aia- 500
Personal spend- 600
Personal cash savings - 400
My bonus around 3 months on average including aws. (Will try to save at least 40- 50percent of it)
I have worked for close to 5 years now, have around 22k in savings and 12k in investments (stocks)
I am currently living with my parents, have no car, do not own my own house.
Still single as I don't think I am financially stable/secure to look for a partner yet (esp given current covid situation)
The dream of being financially free looks a million miles away
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Frankly you screwed yourself over by paying so much for 'insurance' plans. Most of what u paying for is not even insurance, it's investment/savings plans, a lot of it is paying for your agent's BMW. I also make 5K but spend only $60 per mth on insurance. I save and diy invest probably 3000 per mth. Give my single parent $400 per mth and utilise my parent's own money to help her some passive no risk income.
And the rest of you scolding OP for not giving more money to her parents have no right to any moral high ground, filial piety is not just throwing money at your parents. A child is not an investment.