How Much Do You Save?

6

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)?

Share.

About Author

6 Comments

  1. 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.

  2. 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

  3. 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

  4. Pingback: Our Poll Results: Our Readers Save 33.1% of Their Income | Salary.sg - Your Salary in Singapore

Reply To broadmind Cancel Reply