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allocate a certain % of your income to save each month. and stick to it! pay yourself first!
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Jonathan Chia Guangrong
20 Sep 2018
SOC at Local FI
Back to basics. Automate your savings. Set up a standing instruction with your bank to transfer an X amount from your paycheck a day or 2 after it's received into an account that has as many barriers set up in place as possible that you won't likely touch it. Either because it's a heck of a troublesome process to even touch the funds, or the nature of the account gives you an incentive to leave the funds untouched.
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Gabriel
20 Sep 2018
Undergraduate at National University of Singapore
Open a higher interest savings account like DBS Multiplier to take advantage of the higher interest as well as set aside a portion of your salary for savings first before spending!
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Yes love the answer below on automating savings. A fresh grad has a very long game to play. So a small step taken each day in the right direction goes a long way. Other than high interest savings accounts, saving in gold rather than in SGD, is quite a bullet proof way of preventing inflation from eating at your savings. Using the Hugosave app is probably the easiest, cheapest and most automated way of saving in gold. Go check it out. Link to app https://tinyurl.com/bdenz76s