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25-10-2021, 08:26 PM
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Quote:
Originally Posted by Unregistered
30M, fintech mnc
Take home ~9.3k
Food - 1.3k
Rent - 2k
Parent allowance - 1k
Entertainment, fitness and transport - 1.5k
Bills (telco etc) - around 400 I think
I know many will say I spend a lot, but it is difficult to cut back once you get accustomed to certain habits. For food I try to get quality food in as I see it as a health investment, rarely have time to cook however.
Really trying to boost my income in the next 5-10 years and also move from renting to owning my own house
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You save 1/3 of your take home pay, that is considered not bad already. Have you tried putting your savings into stocks to increase your passive income?
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26-10-2021, 12:07 AM
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Quote:
Originally Posted by Unregistered
You save 1/3 of your take home pay, that is considered not bad already. Have you tried putting your savings into stocks to increase your passive income?
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Yes, most of my liquid savings go to us equities actually, though at my age I still regard active income as key
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26-10-2021, 12:48 AM
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Quote:
Originally Posted by Unregistered
30M, fintech mnc
Take home ~9.3k
Food - 1.3k
Rent - 2k
Parent allowance - 1k
Entertainment, fitness and transport - 1.5k
Bills (telco etc) - around 400 I think
I know many will say I spend a lot, but it is difficult to cut back once you get accustomed to certain habits. For food I try to get quality food in as I see it as a health investment, rarely have time to cook however.
Really trying to boost my income in the next 5-10 years and also move from renting to owning my own house
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Despite your earnings, your allowance to parents is quite low? My take home pay is 1/3 of yours but already giving 1.2k to my parents. It seems like either everyone is giving very low.
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26-10-2021, 12:52 AM
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Quote:
Originally Posted by Unregistered
Despite your earnings, your allowance to parents is quite low? My take home pay is 1/3 of yours but already giving 1.2k to my parents. It seems like either everyone is giving very low.
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Are you living with your parents?
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26-10-2021, 01:49 AM
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32M, Engineer, single and still living with parents
Take home 9.2k (average pay package is 17 months)
Investments $2000-3000
Mother allowance $500 (my dad refuses to take)
Insurance $750
Bills $20 (using GOMO SIM only, dad pays for the rest)
Spending on food (no gf) $500
The rest accumulate in bank.
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26-10-2021, 06:57 AM
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Quote:
Originally Posted by Unregistered
30M, fintech mnc
Take home ~9.3k
Food - 1.3k
Rent - 2k
Parent allowance - 1k
Entertainment, fitness and transport - 1.5k
Bills (telco etc) - around 400 I think
I know many will say I spend a lot, but it is difficult to cut back once you get accustomed to certain habits. For food I try to get quality food in as I see it as a health investment, rarely have time to cook however.
Really trying to boost my income in the next 5-10 years and also move from renting to owning my own house
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Assume you are single. The key is to cut down your expenses. A higher income would have allowed you to own a house already.
Years down the road you may regret for spending too much. Easy to spend more when you earn more but this just gives you temporary pleasure.
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26-10-2021, 08:51 AM
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Quote:
Originally Posted by Unregistered
Assume you are single. The key is to cut down your expenses. A higher income would have allowed you to own a house already.
Years down the road you may regret for spending too much. Easy to spend more when you earn more but this just gives you temporary pleasure.
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Where do you suggest I start then? To me rent is the biggest thing I want to displace, but I’m hesitant about buying a condo because of the down payment. (Public housing not in the picture, my gf bought a studio condo)
I honestly feel boosting my income is easier than trying to save more, so hoping to keep expenditure consistent, also not interested in having kids
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26-10-2021, 10:04 AM
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Quote:
Originally Posted by Unregistered
Where do you suggest I start then? To me rent is the biggest thing I want to displace, but I’m hesitant about buying a condo because of the down payment. (Public housing not in the picture, my gf bought a studio condo)
I honestly feel boosting my income is easier than trying to save more, so hoping to keep expenditure consistent, also not interested in having kids
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It is good to boost income but you cannot guarantee not spending even more.
You could have used the saved money to pay for house payment.
You have a headstart in pay but unfortunately its always the expenses that hinder most people.
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14-11-2021, 10:53 AM
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Early 30s m
Work in faang making around 30k per month
Give parents 3k a month
Helper 1k a month
Kids 2k a month
Mortgage and maintenance 8k a month
Food and utilities 1k per month
Save up around 15k a month to throw into us equities
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14-11-2021, 11:35 AM
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Early 20s
- Just started as SWE in large tech, 5-6k+ per month
- $500+ in food when I'm bulking, $350 when cutting.
- $100 in utilities ( internet, sim card, electricity )
- $2k a year Life & Wellness costs ( gym membership, supplements etc ) paid by company
- Savings 3.5k per month
I don't give my parents allowance because they have money. Only stupid people have kids when they're poor af, I sure as hell won't get married and have kids unless I hit 10k / month with at least 750k in savings.
Food cost varies depending on whether I'm dieting or bulking for the year. Unlike morons I don't just eat whatever I want like a brainless monkey.
I adjust telco plans depending on situation. During COVID and WFH, no point having a monthly plan so swapped to sim only and paid like $20 7 months ago.
Looking to retire by 35.
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