facebookAm turning 30 this year. Not married, earn about 4k a month. I want to buy a house in a couple of years. How much would is good practice to put aside for retirement and how much toward the housing? - Seedly

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Anonymous

30 Nov 2019

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Property

Am turning 30 this year. Not married, earn about 4k a month. I want to buy a house in a couple of years. How much would is good practice to put aside for retirement and how much toward the housing?

And how much "emergency savings" does a person typically need on hand?

Discussion (6)

What are your thoughts?

Hariz Arthur Maloy

Hariz Arthur Maloy

07 Jun 2019

Level 15ยทIndependent Financial Advisor at Promiseland Independent

Minimum to save would be 20% of your income into assets that beat inflation.

Housing price I'd keep it to 3-5 X of your household income. So if you're making 50k a year, try to not stay in a house that costs more than 250k.

If you're talking about rent, then not more than 20% if your income on rent.

View 1 replies

Paridhi Jhunjhunwala

Paridhi Jhunjhunwala

29 Nov 2019

Level 8ยทAssociate at Kristal.AI

Hi!

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Emergency savings typically has 4-6 months of your expenses to be used in case of an unforse...

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