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?
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.
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
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
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