How much allocation (%) of your salary do you put into your savings and investment?

Hi everyone, I have just started working for about a year and have made my purchase on health and life insurance.

May I know what is the ideal percentage of salary should you set aside for Saving and Investment (Stashaway) for a fresh grad?

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This post is no longer accepting new comments because it has been merged with I’ve heard of the 50/30/20 rule for monthly salary allocation. Is there a similar rule for net assets? As in, how much of my total net worth should be in investment, insurance, cash and etc?

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Discussion (3)

Elijah Lee

05 May 2020

Senior Financial Services Manager at Phillip Securities (Jurong East)

Hi anon,

I'd say to invest at least 20% of your salary. More if you can help it. Also, try diversifying beyond robo advisors. You will need other asset classes in your portfolio as well.

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Al

04 May 2020

You can calculate the guidelines here using a calculator I made:

https://www.aaronleow.com/life-budget-calculator - For Life Budgeting

https://www.aaronleow.com/insurance-requirement... - For Insurance Budgeting and Requirement Guidelines

The above should be taken as a guideline, but engaging a financial adviser will be helpful.

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Pang Zhe Liang

04 May 2020

Fee-Based Financial Advisory Manager at Financial Alliance Pte Ltd (IFA Firm)

Firstly, we need to have a complete understanding on our cashflow. Through this process, we will und...

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