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HL Low

26 Feb 2020

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Do you follow 50-30-20 rule? Specifically 30% savings?

I'm starting a new job w/ a 55% pay increase. As such, I want to save & invest more.

Past breakdown:

50% Exp
20% Inv: STI ETF+StashAway
30% Sav: DBS multiplier 2%

I plan to keep the same amounts (not %):

30% E
(?)% I
60% S

Since I divested my StashAway (due to new company rules); ETF is just 6% of my new takehome. Is that too little? I'm 25 - plan to BTO and get married in 5 years. Should I maintain at 6% to have more savings (liquidity)? Or I can invest more?

Thanks!!!

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Jason Sing

26 Feb 2020

School Of Hard Knocks And Life at School Of Hard Knocks And Life

It really depends on the individual. You could adjust your percentage based on your needs. Nonetheless, it is always good to cut down on your expenses so that you could save and invest more.

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MT2020

26 Feb 2020

It is a good rule to follow. However, feel free to tweak it according to your lifestyle and needs.

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Geraldo L.

26 Feb 2020

I think these percentage just act as a guideline and there is no hard or fast rule. The determining ...

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