facebookI just want to hear everyone's answers and get some insights about our community at large. As a benchmark, how much assets or savings (liquidate cash) should I have at this age or different life stages? - Seedly

Advertisement

Anonymous

11 Mar 2020

βˆ™

Random

I just want to hear everyone's answers and get some insights about our community at large. As a benchmark, how much assets or savings (liquidate cash) should I have at this age or different life stages?

For example, when I was 26, I should have assets/saving (liquidate cash) on hand? When i am 30, I should have ?

Discussion (1)

What are your thoughts?

Learn how to style your text

Pang Zhe Liang

11 Mar 2020

Fee-Based Financial Advisory Manager at Financial Alliance Pte Ltd (IFA Firm)

It depends on when you start earning an income and which life stage you are at. Generally, you should save at least half your income when you are single and strive to save at least a quarter when you are married.

Personally, I created an automated budget to control my expenditure so that I can stay focused on my financial goals. Here is how I do it:

More Details:

How to create a Monthly Budget

Besides, you should not put these money merely in the bank. Instead, put them into the right channels which are capable to help you reach your financial goals more efficiently.

Here is everything about me and what I do best.​​​

Write your thoughts

Advertisement