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Anonymous

07 Dec 2020

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How much savings should one have at the age of 26? How much should I be earning at the age of 26 to be considered "doing well"?

I come from a mid-low income family and have struggled with proper financial planning in the past. So I've started working for a good two years now and decided to seriously review my finances and plan my life forward.

I realise there is a lack of benchmarking to see how you fair against people in your generation. What is considered low, fair or high. It is not exactly a comparison for the sake of material satisfaction, but the idea of being aware of the value of money in your time.

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Around $50-60k saving @26. Monthly 3.5k - 4k. Inclusive cpf.

Should be slightly above average.

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