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26 years old just started working with less than $1.5K take home pay right after national service and have been working for almost a year for his full time career but in the F&B sector.
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Even in f&B 1.5k is too low.. unless its an internship?
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Clarence Chua
15 May 2019
Financial Planning Specialist at Prudential Assurance Singapore
Depending on his fixed expenses his savings will varies. A good amount of savings will be 20% of whatever income earned.
Its hard to say if he should find another job. Where does he wants to be at say 5 years down the road? Works towards that and invest in himself to get the necessary skills. In between the 5 years, sure he can switch job for a higher paying one or ask for a raise with the existing company, but the ultimately he should be working towards his Goals.
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Everyone has different starting point so there isnt a guage as how much we 'should' have at x age. I...
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Try to aim to progress higher in your F&B?