PFF Panel 4
Seedly PFF 2019
Asked on 02 Mar 2019
I started off setting aside at least 50% of my salary from the time I got my first paycheck and it is possible once you determine the kind of lifestyle you need and it's relating budget. It works for me - my aim was to hit six figure savings by 25, and also to buy freehold property by that age. I missed by target for property buying by one year (i was 26 then).
Bottom line is - it always helps to have a monthly goal!
Hmm I saved $20,000 in my first year of work (http://www.sgbudgetbabe.com/2014/12/how-i-saved-20000-in-year.html) and so I used that to start with.
But you can also start earlier even with just $100 a month! Like RSS plans (http://www.sgbudgetbabe.com/2019/03/regular-shares-savings-plans-super-simple-method-to-invest.html)
Nicholes Wong, Diploma in Business Management at Nanyang Polytechnic
Answered on 03 Mar 2019
Im still studying but im aiming to save and invest at least 50% of my income once i start working.