facebookHow do you portion out your first ever pay cheque you received from your work? - Seedly

Mimi Jasman

Customer Service Officer at DHL PTE LTD

24 Dec 2019

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SeedlyAMA

How do you portion out your first ever pay cheque you received from your work?

For example how many % in savings, in back up plan and holiday and also investments? I’m starting my first pay of $1.9K before CPF. I need help!

Discussion (6)

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I set a target of 60% savings. For investments is as and when I identify a good stock (but I have another account that is able to cover me for 6 months of expenses).

I track my expenses on an excel spreadsheet and budget for holidays on an annual basis. For areas that I see an increase in spending I investigate and try to cut down.

I started off by paying my fixed expenses - study loan, parents allowance etc.

Afterwards i take X amount for spending, transport etc and save the rest!

I dont portion out any of my pay cheque even the first.

They go into the bank account straight. Ins...

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