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Anonymous
Am a fresh grad trainee with 2400/mth. My friends who worked for a few years were shocked that i saved half my salary. They don't find the need to save so much and rather spend it. Is this normal?
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It's different for everyone, dpds on life stage and some other commitmment. It's always good to save more when younger right.
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Jared
23 May 2021
Product Manager at Tech Firm
Good to have saved during your early part of your career where the financial commitment is lesser.
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Yah? If thats not normal, then i am abnormal. 80% (plus minus) savings with half in investments. No i dont do cryptos, tesla, palantir, square, teledoc (or whatever cathy wood says. Is either she win or I)
I just got my fresh grad paycheck at the start of this year (2021)
I dont care what the rest says. Im a fool and i will stay foolish and hungry
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Everyone has different saving and investment percentage and this just translate to short term benefi...
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Saving 50% is always great!
However, i would probably say instead of saving 50% - you might want to break down further so that to make your saving work harder for you!
Example : 50%
10% - emergency fund
30% - investment fund
10% - self-investment fund ie taking up new courses etc to continue expand your money making capability βββ