Advertisement

Anonymous

8d ago

∙

Hi so I’m new around here and idk what do I do with my money at the moment. So how do I plan out my funds? I’ve been following the 50, 20 30 method of saving and separating my funds but is that enoug

Hellooooo

10

Discussion (10)

What are your thoughts?

Learn how to style your text

Shirley

4d ago

Nice, you’re on the right track. The 50/20/30 method is good for starting out, and you can fine-tune it once you know your spending habits a bit better

Reply

Save

Jason Wong

4d ago

50 20 30 guideline is a good start. Consistancy is the key. Keep up the good work!

Like the previous comments mentioned, depending on the stages of your life (married, married with kids, new house or supporting aged parents), you need to set up some short, med and long term goals.

Reply

Save

Jinsha

4d ago

Welcome to this community

Reply

Save

Dorothy Ang

5d ago

You should save more, if your circumstances allow. Building up an emergency fund is a must. ( Can put it into Tbills or Fixed D). Also ensure you have your insurance plans in place. Before putting your savings into investments.

Reply

Save

View 1 replies

Kent Toh

5d ago

Consultant at Sprinklr

It depends on your age and family situation.

I'm not a financial planner - but it should always st...

Write your thoughts

Related Posts

Hi, I've emergency savings, purchased SSB and a unit trust. I'm also saving for a house. Is my financial portfolio diverse enough at the moment or should I invest in REITs/stocks? I'm stuck between putting my money into savings or investing?

Hi, I'm 28 years old, planning to put my money somewhere instead of bank. Should I do short term endowment plan (10 to 20 years) or long term (until 100 years of age)? Or retirement plan? Thank you?

Hi everyone, this is a follow up question. Plan A is to park my savings in high interest account until my dad secures a job during this pandemic. Plan B is to invest in dividend funds. More below. What are your thoughts?

I have 50% of my savings invested (40% SWRD, 8% US stocks, 2% others). For the remaining 50% in bank, I plan to keep 20% cash (emergency, expense), what should I do with the remaining 30%?

I'm in my 20s and I have some emergency cash stashed aside. My plan is to save up a separate sum of money just for investing, Am I being too prudent?

Related Posts

Hi, I've emergency savings, purchased SSB and a unit trust. I'm also saving for a house. Is my financial portfolio diverse enough at the moment or should I invest in REITs/stocks? I'm stuck between putting my money into savings or investing?

Hi, I'm 28 years old, planning to put my money somewhere instead of bank. Should I do short term endowment plan (10 to 20 years) or long term (until 100 years of age)? Or retirement plan? Thank you?

Hi everyone, this is a follow up question. Plan A is to park my savings in high interest account until my dad secures a job during this pandemic. Plan B is to invest in dividend funds. More below. What are your thoughts?

I have 50% of my savings invested (40% SWRD, 8% US stocks, 2% others). For the remaining 50% in bank, I plan to keep 20% cash (emergency, expense), what should I do with the remaining 30%?

I'm in my 20s and I have some emergency cash stashed aside. My plan is to save up a separate sum of money just for investing, Am I being too prudent?

Advertisement