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Cally Chua

23 Dec 2019

SeedlyAMA

How much of your salary should you save as a fresh grad?

What's a good ratio to consider? any tips to save more after just coming out of school?

Discussion (32)

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Ernest Yeam Wee Leong

23 Dec 2019

Content Creator at www.youtube.com/c/JustBeingErnest

I will say instead of asking for the perfect ratio, first find out what exactly you spend every month first. Then the leftover money is what you can save.

Saving 40% per month should be quite good already unless you income is quite high then you can save 50-70% and that will be good enough.

I write cool stuff about personal finance and money-saving hacks here.

Cedric Jamie Soh

22 Dec 2019

Director at Seniorcare.com.sg

I used to save only 20% of my salary.

while a friend of mine save more than 50% of her salary.

I used to think that making money is way more important than saving, especially for people of young age (I was barely making $3k when I graduated)

However now i think a good saving ratio at the start of your work life helps to prepare you for the future.

Go for a high ratio that you can afford while still at a comparatively comfortable social life. :)

(as in, you can still afford to date and socialise sensibly)

Bjorn Ng

22 Dec 2019

Business Analyst at 10x Capital

Hey there! Well.. I honestly do my best to save 50% of my salary! As much as I can.. I know that I will only spend on what's necessary. Even up till today! With that said, I don't actually keep very close track on what I spend.. It's definitely important but my personal view is that it makes me more stingy.. So yeah. Haha! But at the start, try your best to build up at least 6 months of emergency funds first!

As much as possible basically.. For me when I started, I saved up to 50% of my salary. As long as you are prudent, you would be able to save a lot more.

I would say depends on your liabilities.

For me, my fixed expenses when I just entered the workfor...

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