Savings of about $5k pm is admirable. This is but the first step in the wealth building journey. In the current low interest climate, keeping money in the bank is gauranteed to lose its value over time because of inflation.
Invest your savings in instruments that will grow in value. Two popular instruments are shares and properties. You worked hard for the money. Now make your money work hard for you.
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Originally Posted by Unregistered
I'm is Statestreet doing research in FO. Drawing 9.2K/mth. Both mum and dad combined i give 2K, car eats 1.3K monthly, personal expenses 1.2K. The rest i throw inside my bank account.
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