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Anonymous

28 May 2021

βˆ™

Saving Hacks

Is it normal to save half your salary?

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?

Discussion (78)

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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 ​​​

It's different for everyone, dpds on life stage and some other commitmment. It's always good to save more when younger right.

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.

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

Everyone has different saving and investment percentage and this just translate to short term benefi...

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