How do you split your salary? How would you advise based on my expense.

Somehow minimize items 1-3

to an acceptable level and don't play but DIY invest seriously (= low fees, ultra longterm buy&hold, massive diversification, patience)

some hints here:

https://seedly.sg/questions/what-is-your-genera...

Yo, only you are able to answer that question as different people will have different situation. General rules cant apply to everybody.

1) u must know your Fix cost, eg, transport , parent allowance , food, student loan etc.

2) budget for your entertainment

3) your financial goal + timeline

Below is how i will calculate, you have to calculate yourself.

i exclude insurance as i not sure how much u gonna pay for it, but u can park it under expense. I.e. Dont buy ILP please.

$3400 after CPF deduction, take home =$2720

1) Basic need (Normal 22 working days)

Transport to & fro workplace: $6 per day ($132 per mth)

Lunch + teabreak: $10 per day ($220 per mth)

Dinner Outside= $7.50, assume 11 days ($82.50 per mth)

2) Weekend entertianment (8 days)

Public Transport (occasional grab x4) = (12x $6) + (4x $20) = $152 per mth

Play + food= $300 Per month?

3) Fix expense

parent = $500?

Any student loan?

You left with ~$1830 per mth

You are 26 years old, i would assume u have around $30k to $40k min. of saving by now?

Assume your financial goal (saving goal) is to achieve $50k of saving by 28 years old.

To be conservative, i use $30k. Thus you have to save another $20k

$20k / 24 mth~ $830 to be saved per mth.

Thus you left with $1000 to invest.

So it will be (base on $2720) roughly= 34% expense / 30% saving / 36% invest

Assume u dont do any moon-lighting to increase income. You can only cut your entertainment budget to put in saving or investing.

After you achieved you saving goal of $50k. Next step is to fulfil your investment goal.

• target amount.

• timeline

• identify the instrument that can help to get there.

At this stage, assume your lifestyle remain unchange.

34% expense / 5 to 10% saving / 56% to 61% invest

I would say at different life stage our financial priority will be different, we have to adjust accordingly.​​​