Yong Kah Hwee - Seedly
Yong Kah Hwee

Joined the rat race recently. Even though I'm a chicken.

Yong Kah Hwee

236Upvotes

About

Joined the rat race recently. Even though I'm a chicken.

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Yong Kah Hwee

236Upvotes
  • Answers (594)
  • Questions (0)
  • Reviews (13)

Transportation

Lifestyle

General

Yong Kah Hwee
Yong Kah Hwee
Level 6. Master
Answered 2w ago
As a fresh grad, your primary objective would be to clear off your study loans (assuming you have them), and not accumulate more loans. This is because you'll likely be making some very heavy purchases within the next few years, such as a house, wedding, etc, and you'll need to save up for these. You'll also need to consider whether a car is worth it. Are the 2 hours worth the ~$2k that you'll be spending each month? Can you be productive in the 2 hours saved everyday? You can also consider doing something productive during the 4 hours spent on commuting everyday, such as reading self-help books, or researching on investment product :) Alternatively, you can consider grabhitch, grabshuttleand the likes.

Investments

General

Yong Kah Hwee
Yong Kah Hwee
Level 6. Master
Answered on 17 Jul 2019
I am using it. I find it very useful in keeping track of my investments. They also provide useful information, such as when dividends are coming up, what your projected dividends for the year is, and the various ratios that you'd need to do some analysis. Would recommend.

Expenses Tracking

Lifestyle

Shopping

Family

Savings

Yong Kah Hwee
Yong Kah Hwee
Level 6. Master
Updated on 03 Jul 2019
1. Family 2. Insurance 3. Travelling 4. Fooooooooddddddd 5. Better quality shoes, so they can last longer and save you the money (and trouble) from buying new shoes

Career

General

Yong Kah Hwee
Yong Kah Hwee
Level 6. Master
Answered on 01 Jul 2019
I'll just ignore. He/she just wants attention from you. Just don't give it to them.

Savings

Lifestyle

General

Yong Kah Hwee
Yong Kah Hwee
Level 6. Master
Updated on 01 Jul 2019
1. The very first thing you should do is to track your expenses, then find out where you can cut. To be honest, $800 per month for someone single and with no commitment is really high! For myself, I allocate about $350 for food and entertainment per month. 2. Start investing. Read up. Seedly has many good resources. There are also many financial bloggers available online; all you have to do is to Google them. 3. Cut down on subscriptions, if you can. Do you really need them? You can also choose to share subscriptions with people (for example, Spotify's family plan, which is only $2.50/month) 4. Set up a high interest savings account. Trust me, you'll feel good when you see the interest you are getting increasing month after month.

Investments

Savings

Lifestyle

Yong Kah Hwee
Yong Kah Hwee
Level 6. Master
Updated on 26 Jun 2019
1. Sacrifice on drinks during meals. Just drink plain water. 2. Sacrifice taxis to take public transport/walk instead. 3. Sacrifice social drinking with friends. Would rather go for experiences. Drinks are expensive :( But i would not sacrifice on: 1. Giving parents allowance. 2. Paying for insurance 3. TRAVEL!!!!!

Expenses Tracking

Lifestyle

General

Yong Kah Hwee
Yong Kah Hwee
Level 6. Master
Updated on 26 Jun 2019
Maplestory prepaid cards. Literally starved myself during secondary school and bought thousands of dollars worth of maplestory prepaid cards throughout the 4 years :(

Seedly

Yong Kah Hwee
Yong Kah Hwee
Level 6. Master
Answered on 25 Jun 2019
Desktop because i like using a bigger screen to answer questions :P

Savings

General

Yong Kah Hwee
Yong Kah Hwee
Level 6. Master
Answered on 25 Jun 2019
It really depends, but you should have at least 6-12 months of emergency savings, plus adequate insurance coverage.

Savings

Bank Account

Yong Kah Hwee
Yong Kah Hwee
Level 6. Master
Answered on 25 Jun 2019
I put all my money into one account, so that I can get the maximum amount of interest! :)
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Level 6. Master
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