Advertisement

Anonymous

04 Jun 2019

∙

How much should one aim to earn, and, what would be a good percentage to save every month right after graduation?

Hi everyone. I will be graduating soon and am doing some financial planning for my future after hearing a lot about it from my peers. What i'm wondering is, how much should i aim to be earning first? And after that, how much (%) should i be saving every month? My goal is to live a financially comfortable life throughout my lifetime - sufficient funds to get a BTO, raise a family, and then retire comfortably with enough CPF funds.

5

Discussion (5)

What are your thoughts?

Learn how to style your text

Tan Wei Ming

02 Jun 2019

Founder and Writer at Frugal Youth Invests

There is no definite answer as different people have different lifestyles. I think it is great so long you save a sum of amount at the end of the month.

Reply

Save

Gabriel Tham

31 May 2019

Tag Team Member at Kenichi Tag Team

Earn as much, save as much, invest as much!

Reply

Save

Junus Eu

30 May 2019

As high as you can get.

That said, don't just chase the amount, but look at the learning opportunit...

Write your thoughts

Related Posts

I’m 45, divorced and earning 9k before CPF with two kids aged 18&20. One has special needs. Overheads are 4.5k per month. How much should I save per month assuming I will retire at 62?

Am turning 30 this year. Not married, earn about 4k a month. I want to buy a house in a couple of years. How much would is good practice to put aside for retirement and how much toward the housing?

Hi, I am thinking of investing $500 every month. What are some good options for investment? My goal is to start saving for retirement as I’m nearing 40 but it’s better to start late than never right?

I'm an undergrad who has no savings and would like to start saving by chucking a portion of my allowance into a new bank account every month. Which savings account would be the best?

Hello Internet Friends! My partner (28M) earns $5.3k and myself (26F) earns $4k. We would like to buy a resale HDB (est. 500k) and have a wedding in 2023. How much would we have to save by then?

Related Posts

I’m 45, divorced and earning 9k before CPF with two kids aged 18&20. One has special needs. Overheads are 4.5k per month. How much should I save per month assuming I will retire at 62?

Am turning 30 this year. Not married, earn about 4k a month. I want to buy a house in a couple of years. How much would is good practice to put aside for retirement and how much toward the housing?

Hi, I am thinking of investing $500 every month. What are some good options for investment? My goal is to start saving for retirement as I’m nearing 40 but it’s better to start late than never right?

I'm an undergrad who has no savings and would like to start saving by chucking a portion of my allowance into a new bank account every month. Which savings account would be the best?

Hello Internet Friends! My partner (28M) earns $5.3k and myself (26F) earns $4k. We would like to buy a resale HDB (est. 500k) and have a wedding in 2023. How much would we have to save by then?

Advertisement