How do you guys portion your salary each month?

I set aside a fixed amount for my children every month so this pot won’t be interfering with my day to day expenses.

I don’t have a way of portioning my salary. Not by %. But by amount.

An amount that I can afford and don’t feel too burdened by it.

You can share more on how old your child is. I assume you only have one since you mention child instead of children.

I suppose you also have a bank account with your child that you can transfer the money over from ur own DBS multiplier account? Not talking about cda.

Generally, I have two bank accounts - one for salary and wealth accumulation, and the other for expenses and cash outflow. This is so as to create an automated budget to make tracking easier.

Read More: How to create a Monthly Budget

In brief, I will set up a standing instruction and transfer my monthly expenses to another bank account. Thereafter, I am only allowed to spend money in this account.

Accordingly, this forces me to save a pre-defined amount in the salary account (which will typically have a higher yield).

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