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Anonymous
I have basic insurance and some investments too just thinking how else can optimise my salary. No dependents
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Cryotosensei
10 May 2023
Blogger at diaperfinancingfund.blogspot.com
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Choose good quality dividend stocks if you want to be a conservative investor.
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But if you want lower risk, FDs and highyield savings accs are quite good right now for 3-5% yield
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If I were you, consider your short term liabilities. If need be, do save up more. But if you do not have that much short term liabilities, always better to invest a higher percentage.
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I would highly say itβs highly dependent on your income and your spending habits. I usually allocate about 30% to my savings and investments, and would save any leftover amount as well. Then about 50% would go to all my other spendings including food, entertainment, transportation, parents, utility bills. Insurance takes about 10%, and the rest and any leftovers goes to my travel plans. Here are some tips on how you can go about planning your own budget.
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Congrats on getting your emergency fund settled. It must have taken a lot of conscious effort and sa...
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I make a distinction between emergency funds and rainy day funds. The first means dire situations that shock my system and blow me off my feet while the latter refers to less-urgent situations that require me to buy stuff (like digital locks, dishwasher, robotic cleaner - you get the idea). So i do keep on saving to have another war chest dedicated to rainy day funds lar