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-   -   How much savings do you have? (https://forums.salary.sg/investments-net-worth/1199-how-much-savings-do-you-have.html)

Unregistered 04-08-2019 10:20 AM

39 yo single
280k in cash
140k in cpf
hdb 4 rm, 200k loan remaining

Unregistered 04-08-2019 11:21 AM

Quote:

Originally Posted by Unregistered (Post 122403)
39 yo single
280k in cash
140k in cpf
hdb 4 rm, 200k loan remaining

You should keep a sum of emergency cash and use the remaining for other purposes such as investment.

Unregistered 05-08-2019 10:35 AM

Quote:

Originally Posted by Unregistered (Post 122277)
28yo with 60K by itself is already something most people canít achieve. Continue your current habits and you can hit half a million by 32

Thanks for the encouragement lol
Am the one who posted this

Not sure how I can hit 500K in 4 yearsí time though

Unregistered 06-09-2019 03:04 PM

hi guys, trying to gain some insights here if possible.

I am a 30yo male, single, only child, supporting family in certain areas like paying for insurance, utilities, internet and telephone bills and toiletries / essentials, as both parents are blue collar workers and they don't have much savings for themselves.

Till date, I have approx $30k+ of savings. I know it pales in comparison to plenty of successful people here, but I am just trying to understand how I improve to grow my savings "quickly" in the next 1 to 2 years as I am looking forward to settling down and start family.

I am currently drawing about 4+ (gross), take home pay is approx mid 3k, and I save about 50% of it after expenses. Living expenses is high as I work in CBD area at Raffles Place and meals are really expensive.

Manage to save about $1.5k on average and $2k if I am stretching my dollar that month. Rest of the expenses are on food, transport, essentials, bills and also insurance.

Really hope to settle down soon, no intention to have a child yet but would like to have a place of my own... Probably won't be considering a traditional Chinese wedding banquet as it's really expensive, just want to do a simple church wedding and honeymoon trip.

Wedding itself will cost a "bomb" with proposal ring, wedding bands, traveling and photoshoot. Another problem to come along is the renovation and furniture cost.

Would like to seek for some guru advice .

Unregistered 06-09-2019 04:15 PM

Age: 30, single
Cash plus bonds: 190+k
Insurance surrender value: 9k
OA: 102k
SA: 40k
MA: 48k
A lot of you are doing so well. I can't afford a property.

Unregistered 07-09-2019 11:26 AM

26 years old, just grad. Just paid 11k/ 28k of my study loan.

savings: 1k
OA:46k
SA: 14k
M: 16.5k

Unregistered 07-09-2019 11:58 PM

I am 44
Last few years my investment hit a low and I lost over 400k
I have home cash and cpf and got 2 young kids
total 2m networth including wife share. feel like a big loser in investments
how come i keep losing my money in investment like hyflux , noble and swiber

Unregistered 08-09-2019 10:09 AM

Quote:

Originally Posted by Unregistered (Post 123175)
26 years old, just grad. Just paid 11k/ 28k of my study loan.

savings: 1k
OA:46k
SA: 14k
M: 16.5k

How did you get so much in OA at your age?

Unregistered 08-09-2019 10:11 AM

Quote:

Originally Posted by Unregistered (Post 123145)
Age: 30, single
Cash plus bonds: 190+k
Insurance surrender value: 9k
OA: 102k
SA: 40k
MA: 48k
A lot of you are doing so well. I can't afford a property.

A feng shui master said that this is below average.

Unregistered 10-09-2019 05:17 PM

Quote:

Originally Posted by Unregistered (Post 123186)
How did you get so much in OA at your age?

Hi I'm the original poster. Been working part time since secondary school, worked full time for couple of years before proceeding to take my full time degree and juggled 3 part time jobs at the same time. Hence it accumulated this much. But most of my savings went to service the uni loan :/


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