Advertisement

Anonymous

18 Apr 2019

∙

I'm currently working as a freelancer, getting 2-2.2k per month without CPF contribution. However my expenses are also 2-2.5k per month. Any ideas on how to better manage my situation?

Hi, currently I had around 2 – 2.5 K worth of expenses every months and at the moment does not have any luck to secure a full time job. Currently, working as a freelance worker and getting around 2 - 2.2k per month (Non CPF contribution). Should I carry on this for a long period or is there any other alternative way to my problem at the moment?

8

Discussion (8)

What are your thoughts?

Learn how to style your text

Ck Chai

19 Dec 2018

work on cutting down unnecessary expenses... Which are the wants and needs?
e.g. Grab/Cab too much? -- leave early for work or appointment instead

Reply

Save

Elsa Goh

11 Dec 2018

Work 2 jobs. Or take up more freelance work if possible. This is not sustainable. Math doesn't lie. All our investment tips depend on people having spare cash in the first place.

Reply

Save

Daniel Ling

11 Dec 2018

Start by tracking your expenses.

People whom are unable to know where their money goes are either lazy or just giving excuses.

Over the years, i have picked up a habit to spend 15 minutes every Sat to pen down my expenses.

Reply

Save

Loo Cheng Chuan

02 Nov 2018

Founder at 1M65 Movement

Cut down your expenses!

Reply

Save

Yong Kah Hwee

01 Nov 2018

Maybe you can elaborate on what you spend on? First thing you should do is cut your expenses!...

Write your thoughts

Related Posts

I’m a fresh poly grad waiting for university this year, currently freelancing and will continue to for as long as I’m earning about 1.5K per month, current savings of 3K. Any financial advice for me?

Hi I am a NSF, gonna work a year then study uni. I have $2k in SSB and $5.5k in SAYE for this 2 years and still contributing every month, also I have Posb Invest saver. What else should I Invest in? I have 5.5k left and I don’t know what to do?

I'm in my mid-20, and didn't declare that I am freelancing. My strategy is to contribute up to the $20k limit of CPF OA to get the 3.5% ASAP by putting in a lot monthly, and empty it for housing. Any advice?

Is it wise for a freelancer to contribute about 2.5k per month to CPF, aiming to use the entire amount for housing in 3 years time?

Would it be better for me to 1) Contribute to CPF SA to generate a guarantee 4% return and at the same time get tax relief OR 2) Purchase and annuity plan that provides monthly income from retirement?

Related Posts

I’m a fresh poly grad waiting for university this year, currently freelancing and will continue to for as long as I’m earning about 1.5K per month, current savings of 3K. Any financial advice for me?

Hi I am a NSF, gonna work a year then study uni. I have $2k in SSB and $5.5k in SAYE for this 2 years and still contributing every month, also I have Posb Invest saver. What else should I Invest in? I have 5.5k left and I don’t know what to do?

I'm in my mid-20, and didn't declare that I am freelancing. My strategy is to contribute up to the $20k limit of CPF OA to get the 3.5% ASAP by putting in a lot monthly, and empty it for housing. Any advice?

Is it wise for a freelancer to contribute about 2.5k per month to CPF, aiming to use the entire amount for housing in 3 years time?

Would it be better for me to 1) Contribute to CPF SA to generate a guarantee 4% return and at the same time get tax relief OR 2) Purchase and annuity plan that provides monthly income from retirement?

Advertisement