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Anonymous
Any advice on how self-employed people can get through months with lower income yet the same fraction going into CPF
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Loo Cheng Chuan
14 Jun 2020
Founder at 1M65 Movement
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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.
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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...
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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.