facebookWhat are the best ways to start saving money while young to own a property in the future? - Seedly

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Ohmyhome

17 May 2022

Adulting

What are the best ways to start saving money while young to own a property in the future?

Discussion (5)

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Cryotosensei

03 Sep 2023

Blogger at diaperfinancingfund.blogspot.com

Have multiple sources of income. Even if you are busy with your primary job, you can do surveys on the move to get some extra cash. Free crypto is readiky available too if you put in a little effort

Definitely continuing to stay with your parents (assuming we're talking about living in SG). This factor alone, regardless of whether you're starting adhoc work in your secondary school years without CPF or a part time with CPF, will accelerate your accumulation.

You would be able to save 90~99% of your entire salary, depending on your agreement with your folks. At most you'd only have to pay for part of the bills (your own phone bill, parts of water & electricity etc)

Of course, if owning a property ASAP is your goal, I would assume that 90~99% of your salary saved mentioned above is not going to your daily Starbucks routines and Friday night parties and buying useless branded goods.

Vernice Ng

21 May 2022

Community Manager at Seedly

Not the best way but I would start accumulating my CPF early i.e. start work young. So there's enoug...

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