I am constantly feelimg anxious about not earning enough, even though I am just a polytechnic student earning about $1.2k each month from PT Jobs. How do I know I am on track to having enough savings? - Seedly
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Mei

Asked 1w ago

I am constantly feelimg anxious about not earning enough, even though I am just a polytechnic student earning about $1.2k each month from PT Jobs. How do I know I am on track to having enough savings?

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sucram
sucram
Level 4. Prodigy
Answered 1w ago

Hi Anon! Good job on that hustle and earning income while studying! Personally, I was doing PT jobs during poly as well but was only earning about $400-$500/month as extra pocket money. For now, what i can suggest you is to continue saving and start reading up about investing and building your wealth. When you feel you are ready to start you would already have a headstart with a large capital.

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Yang Teng
Yang Teng
Top Contributor

Top Contributor (Aug)

Level 9. God of Wisdom
Answered 1w ago

It's great to be thinking about your financials early.

Each of us are different so how much savings we should have individually depends. As a student, unless you have financial difficulties, I would advise focusing more time on studies since the returns from better grades in the form of more opportunities, higher pay, potential scholarships, would be higher than what you can earn from part time jobs.

For emergency funds, a rough guide would be about 6 months' worth of expenditure (or more depending on the level of security desired) for usually individuals that are self-dependent.

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šŸ‘
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Daniel Kok
Daniel Kok
Level 5. Genius
Answered 6d ago

U can start of by using an expense tracker. Work out your expenses then start savings from there.

remember, you're already doing a great job by starting out early. :)

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šŸ‘
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Thank You!
Can you clarify
I wonder if
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What about
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