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Anonymous

12 May 2021

∙

If your take home pay is $1.5k, is it ideal to save 60% of your take home pay?

I save for about $1k for every month, I have 3 sets of accounts with POSB/DBS.

Savings account - DAILY SPENDINGS
POSB SAYE - During savings for ns but ord already should I close it?
DBS REMIX ACCOUNT - EMERGENCY FUND ACCUMULATED $18K, should I close and open up a new account? Have it more that 2-3years.

My main 2019 goal is to make $12k savings for the year end. But how do I be realistic to make it grow?

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Discussion (7)

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apache Apache

18 Aug 2024

Save in high yield savings accounts if possible

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Li Elizabeth

03 Jul 2024

Use tbill to help grow the saved amt

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Oh ChengKok

12 May 2021

Financial Services Consultant at AIA Singapore

I think it is a very good habit to save XX% of your income consistently. If you have a goal to save ...

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