Anonymous

11 Mar 2020

∙

I just want to hear everyone's answers and get some insights about our community at large. As a benchmark, how much assets or savings (liquidate cash) should I have at this age or different life stages?

For example, when I was 26, I should have assets/saving (liquidate cash) on hand? When i am 30, I should have ?

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Pang Zhe Liang

11 Mar 2020

Fee-Based Financial Advisory Manager at Financial Alliance Pte Ltd (IFA Firm)

It depends on when you start earning an income and which life stage you are at. Generally, you should save at least half your income when you are single and strive to save at least a quarter when you are married.

Personally, I created an automated budget to control my expenditure so that I can stay focused on my financial goals. Here is how I do it:

More Details:

How to create a Monthly Budget

Besides, you should not put these money merely in the bank. Instead, put them into the right channels which are capable to help you reach your financial goals more efficiently.

Here is everything about me and what I do best.

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How much should one have in investments & liquid savings at age 27/28? Like a benchmark? Any peers my age can share some numbers? Currently I have about 105k or so in both investments + savings.

How much savings should I have by the age of 30? What percentage should be liquid cash, FD, stocks?

Fresh graduate here with not much savings in my bank account and will be starting work next week. I want to get started on insurance and making sure that I stash away savings too! Any advice?

Everyone wants to have a rich life, but 'rich life' means so differently to each person.

When people mention the goal of "saving $100,000 by age 30", are they referring to cash in the bank or net worth including investments? Isn't $100,000 too much to have in the bank?