How Much Do You Save?
November 8th, 2009
Some people save a fixed amount of their monthly income and spend the rest. Others like myself spend prudently and save the rest.
Regardless of whether you’re a spend-the-rest or save-the-rest saver, you should be able to gauge roughly how much you save a month.
Though thrift and financial prudence have been extolled as good “Asian values”, I personally believe that in order to be a good accumulator of wealth, you should also invest wisely. In this day and age, being able to save a lot doesn’t necessarily mean you’ll be wealthy – what if the cash you’re holding goes down in value?
Back on topic, what percentage of your monthly income goes into your savings (which you may use for investment)?
I am confused about MO, registrar, specialist/consultant. I read the...
June Says:
November 11th, 2009 at 9:37 pm
If you earn low base, it’s hard to save a large percent.
Kevin Says:
November 11th, 2009 at 11:17 pm
Strangely though, I saved more percentage-wise when I earned less. Then again, I was staying with my parents and did not have kids to feed.
low cost-low tech Says:
November 12th, 2009 at 8:43 am
as one gets on, one has to service more & more big ticket items, eg houses, investments, etc, etc.
noname Says:
November 12th, 2009 at 11:24 am
LET SAY MR.A EARN $3000 PER MONTH AGE 27
AFTER CPF = 2400
GIVE PARENT $800 = LEFT $1600
DEDUCT HP/INTERNET/TRANSPORT/INSURANCE/FOOD = SPENT MIN -600 = LEFT $1000
IF U GETTING MARRIED , I THINK U SAVE $0
broadmind Says:
November 13th, 2009 at 7:34 pm
noname: isn’t the $600 per month cpf considered savings? with 2 people it will be 60K by age 31, enough for a flat downpayment
Our Poll Results: Our Readers Save 33.1% of Their Income | Salary.sg - Your Salary in Singapore Says:
November 22nd, 2009 at 12:13 pm
[...] conducted a poll on how much Salary.sg readers save. The results of the poll show that the average saving rate of our readers is [...]