facebookWhat would you do if you wish to start out with investing, but at the same time, you are also saving for a house deposit and marriage (Singaporean living abroad here, so CPF is out of the question)? - Seedly
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Anonymous

Asked on 19 Nov 2018

What would you do if you wish to start out with investing, but at the same time, you are also saving for a house deposit and marriage (Singaporean living abroad here, so CPF is out of the question)?

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?

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3 answers

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Answers (3)

MT2020

MT2020

Level 7. Grand Master

Answered on 09 Mar 2020

You should start by planning out your cashflow and how much you will need for your marriage as well as your job salary. Once you have allocated your budget properly, you can then use the remainder of your money for investment.

0

Thank You!
Can you clarify
I wonder if
This is so helpful 👍
What about

Post

Frankie Rappaport

Frankie Rappaport

Level 10. Unicorn

Answered on 27 Feb 2020

First write/think up a priority list and discuss with your spouse.

I feel that marriage is more important than money or houses.

Then avoid debt if possible.

Maybe you want postpone expensive travelling, so downgrade on that

area.

0

Thank You!
Can you clarify
I wonder if
This is so helpful 👍
What about

Post

Follow the 50-30-20 rule. 50% for expenses, 30% for housing, 20% as savings.

As you're living abro...

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