Asked by Anonymous
Asked on 19 Nov 2018
I have read many articles from Seedly such as - https://blog.seedly.sg/singaporean-guide-where-to-invest-10000-right-now/
I love how it provides insights on certain strategies such as saving guidelines. However, what happens if you have other saving goals (such as a house, travel, marriage) at the same time?
How would you personally distribute that money?
Follow the 50-30-20 rule. 50% for expenses, 30% for housing, 20% as savings.
As you're living abroad & probably having to pay rent, I would consider your rent under the 50% expenses portion.
19 Nov 2018
20 Nov 2018