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15-07-2020, 09:46 PM
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50 yo couple
filed income tax for 2020 = $650,000
paid up one condo, and awaiting BUC second condo.
hope to work for 5 more years to retire
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16-07-2020, 12:35 AM
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46M
Income -- 28k/mth
20k day job, 5k side business, and 3k coupons/dividends/interest
Expenses -- 17k/mth
taxes 5k
cards 3k
mortgage 3k
parents 3k
car 1k
bills 0.5k
incidentals 1.5k
Savings -- 10k/mth
If I lose my job, I can cut my expenses down to 6k/mth.
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10-08-2020, 06:49 AM
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Quote:
Originally Posted by Unregistered
27M, no gf
Have been working for about 2.5 years
$4200, take home approx $3350
Give parents $600
Gym $98
Occasional meals outside and transport $200
Taxes, insurance $100
Save about $2k per month
Feel like I’m earning really little at my age
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For a guy I think you're doing alright! Probably get ready to jump soon as you're near the 3 year mark.
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10-08-2020, 05:27 PM
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Quote:
Originally Posted by Unregistered
For a guy I think you're doing alright! Probably get ready to jump soon as you're near the 3 year mark.
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Seems like you are on track to 200K savings by age 30. Well done.
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11-08-2020, 08:45 PM
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Quote:
Originally Posted by Unregistered
Seems like you are on track to 200K savings by age 30. Well done.
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Your calculation is off.
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12-08-2020, 01:32 AM
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I’m the original poster for post #113.
Still feel like I’m not earning enough and there’s no pay increment for everyone in my company this year due to the economic downturn. Else I would have been earning 4.8k now.
Can’t really find much jobs outside either due to the bad outlook. Anyone any tips on growing wealth?
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15-08-2020, 11:05 AM
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Ure doing great. I’m 27M local uni grad in finance earning 5k/mth.
Parents-1k
Dating-400
Insurance-200
Public transport -60
Petrol-100
Food /drinks-800
Guess that leaves me ~1.5k in savings per month. And this year finance cutting bonus which is my main source of savings accumulation haha
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15-08-2020, 12:19 PM
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Quote:
Originally Posted by Unregistered
Ure doing great. I’m 27M local uni grad in finance earning 5k/mth.
Parents-1k
Dating-400
Insurance-200
Public transport -60
Petrol-100
Food /drinks-800
Guess that leaves me ~1.5k in savings per month. And this year finance cutting bonus which is my main source of savings accumulation haha
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Out of curiousity, why are you giving your parents 1k / month? Does it cover utility bills / groceries etc? Seems like a lot since you are only earning 5k
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