Piggy Bank

25 Dec 2021

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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! :)

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financialdignity

07 Jan 2022

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

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David@richlifewithdavid

27 Dec 2021

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.

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Not a financial advisor

Edited 27 Dec 2021

How about insurance?

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

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I am currently a fresh graduate earning 2.9k/month before cpf deductions (yes, i know its not a lot). I would like your advice on how to handle the 40k i saved so far - inclusive of emergency fund. Any suggestions?

Seeking advice as I am new to investing. I would like to save 100k before I reach 45. Currently 35, After deducting all expenses etc with 2k spare cash per month for investing. Thanks. Any advice?

Which Savings Account / Credit Card combination will you guys recommend for a fresh graduate starting work in a month? Salary will be > $2k and will spend around $500/mth. Can’t decide between DBS, OCBC and UOB. Would love to get some suggestions!

What are your thoughts on full time job with no CPF contributions? I am a fresh graduate and I would want to settle down in about 3 years. Do you think putting in your own CPF contribution is needed?

Would it be better to pay HDB repayment using CPF OA through a monthly recurring voluntary contributions (VC) to your three CPF accounts (non-tax deductible)?