Advertisement
Anonymous
Any advice on how self-employed people can get through months with lower income yet the same fraction going into CPF
4
Discussion (4)
Learn how to style your text
Loo Cheng Chuan
14 Jun 2020
Founder at 1M65 Movement
Reply
Save
Hi Anon,
I am a 30 year old self-employed too. It is challenging to give specific advice without knowing the details of your current situation, but here is a short answer:
Consider reviewing the priorities of your finances/expenses/goals in light of your new situation, and allocate your income to achieve your priorities accordingly.
Be on the lookout for other tools/options that may allow you to achieve your priorities more efficiently.
Reply
Save
Shengshi Chiam, CFA
10 Jun 2020
Personal Finance Lead at Endowus
I think its really hard for self-employed people to utilise CPF carefully, especially with the varia...
Read 2 other comments with a Seedly account
You will also enjoy exclusive benefits and get access to members only features.
Sign up or login with an email here
Write your thoughts
Related Articles
Related Posts
Related Products
4.8
783 Reviews
Maximum Interest: 2.50% p.a. for balances up to S$50,000
INTEREST RATES
$0
MIN. INITIAL DEPOSIT
$0
MIN. AVG DAILY BALANCE
4.4
321 Reviews
4.7
212 Reviews
Related Posts
Advertisement
The solution is simple, make more money. You may have to take on 2 jobs, 3 jobs if necessary, rent out your flat etc. I think in Singapore, if you are willing to work hard and to exercise care and wisdom in how you spend your money it is very possible to make a very decent living.