facebookAdvice for a (pretty) Fresh Poly Graduate (21F). How would you help me allocate my income? ~ $2k a month (after CPF deductions) - Seedly

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Piggy Bank

25 Dec 2021

Adulting

Advice for a (pretty) Fresh Poly Graduate (21F). How would you help me allocate my income? ~ $2k a month (after CPF deductions)

This is how I would allocate my income.

Spendings : $300 (15%)

Savings : $500 (SC Jumpstart Account) (25%)

Investments: $1200: (60%)

Syfe Cash+ : $400

Stocks (Dollar-Cost Averaging): $500

Crypto: $300

Any advice on how to do better? And would appreciate it if anyone shares better suggestions in the comments below! :)

Discussion (5)

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Earn more and rest well. The other things that u do don't really matter. Hang out with people who earn more than you. Make sure they really earn, not appear to earn

Firstly decide what are your goals (don’t think it’s mentioned above) and then craft up a plan to see how best you can get there.

Are you just trying to build a portfolio of $x by year 20xx? Or increasing monthly income by $y? Suggestions could be very different between the two.

If you want you can check out my IG @richlifewithdavid where I share more on money mindset and money management hacks in general. DM me - I’d love to share more based on my experience.

How about insurance?

Some basic one like hospital, CI/ECI etc...

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