At 23 years old, how do I determine my saving goals?

Start by budgeting. You won't know how much you can save without knowing how you spend.

Save a minimum of 20% of whatever you make and build your emergency expense of 6 months of your expenses first. If you can save more, do it.

Next figure out your short term goals of 3 to 5 years. Work backwards because money needed for these cannot be exposed to risk, so you'd probably keep it in cash or short term bonds.

After that, invest everything else.

Firstly, we need to have a complete understanding on our cashflow. Through this process, we will understand our earning ability and spending habit. Here is a guide to help you: https://www.blog.pzl.sg/understanding-your-pers...

Next, create a budget that is capable of helping you to plan for the future. The best way to do this is via automation and this is how I do mine: https://www.blog.pzl.sg/how-to-create-a-monthly...

As a general rule, save at least 20% to 30% of your monthly income, including bonus and allowances. In your case, you should save at least $560 to $840 every month. At the end of one year, you should have at least $7k in savings.

With your savings, the general rule will be to keep 3 to 6 months of your monthly expenses as emergency funds in your bank or in a high liquidity channel. The rest of it should be used to chase after bigger goals in life, e.g. holiday, car, wedding, house, family, retirement.

Take time to understand yourself and your goals and use the right tools to help you achieve it in the most efficient manner. Life is Short.

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