How much do you earn and save?

Take home = About 8000-10,000 (no cpf contribution, working in sales)
insurance = 500
car =1000
expenses = 1500
savings = Abt 6000 - 7000

Take home = 4000
Monthly expenses = 1000 (food, transport, utilities, phone bills)
Insurance premiums = 500
Investments = 500
Savings = 2000

Should I rebalance savings and investments during this period?

Originally Posted by Unregistered

Take home = 4000
Monthly expenses = 1000 (food, transport, utilities, phone bills)
Insurance premiums = 500
Investments = 500
Savings = 2000

Should I rebalance savings and investments during this period?

You're doing fine

This thread made me realize people really give their parents a lot of $$. Good and bad thing though. I've seen some of my friends who suffer from their parents' poor financial literacy and end up becoming part of the sandwich generation, having to juggle both their own families and their parents which is not easy.

Originally Posted by Unregistered

This thread made me realize people really give their parents a lot of $$. Good and bad thing though. I've seen some of my friends who suffer from their parents' poor financial literacy and end up becoming part of the sandwich generation, having to juggle both their own families and their parents which is not easy.

Because they all are stupid. Parents stupid. Children also stupid. So feed their stupid parents.

Take home = about $2.6k
Parents = $200 each
Savings = first few months was 20% of take home, trying to do $1.2k per month since Jan this year
Insurance = $166
Endowment = $150 (only treat this as forced savings, definitely not money making tool)
The rest = depending on how I spend it

Haven't explored investments yet, but I guess I wanna make sure I have 6 months worth of emergency funds before I start. Isit too late?

26yo female, working for approx 3 years

Take home = 3.3k
Parents = 500
Insurance = 600 (300 on savings plans, 300 on life and accident plans)
Savings = 1k
The rest on daily expenses, but other than phone bills, netflix, transport, weekday lunch and occasional weekend eat-outs, I don’t really spend much elsewhere. Any remaining amount will be accumulated to buy stocks.

Male 32, working since 2015.

Take home: $3.9k
Monthly recurring: (parents etc) $633
Utility Bills: $50
Car insurance, road tax, petrol, parking, ERP: $700-800
Food budget: $310
Condo fee: $141
Groceries: $300
Insurance: $500
Discretionary/ad hoc: $200-300
====
Savings: about $866

But I have been eating my savings to buy shares more than avg of $1000/mth so saving is negative. Hope the gamble pays off.

Originally Posted by Unregistered

Male 32, working since 2015.

Take home: $3.9k
Monthly recurring: (parents etc) $633
Utility Bills: $50
Car insurance, road tax, petrol, parking, ERP: $700-800
Food budget: $310
Condo fee: $141
Groceries: $300
Insurance: $500
Discretionary/ad hoc: $200-300
====
Savings: about $866

But I have been eating my savings to buy shares more than avg of $1000/mth so saving is negative. Hope the gamble pays off.

take home 3.9k.. you are owning car and condo?? no monthly mortgage loan on cash meh?

damn shag sia..

Originally Posted by Unregistered

take home 3.9k.. you are owning car and condo?? no monthly mortgage loan on cash meh?

damn shag sia..

No cash, my mortgage is small so cpf can cover.

I am lucky to have parents with their own business. Like TS my parents gave me a lot, when I married and moved out then I'm on my own. Everyone has their own lot in life, this is mine.