How many of you do not save money at all and spend till your last penny before your next pay day?
if got many pay days, then how?
Originally posted by eagle:if got many pay days, then how?
SO GOOD.
not necessarily good.
it will most likely mean your income fluctuates, not consistent.
should save at least 10percent of your earnings. The very min
Originally posted by BangHong:should save at least 10percent of your earnings. The very min
y do u say 10% is e min? how do u derive this figure?
i read some serveral magazine, the bottom line is to save 10percent. It's based on research... based on what type of research i dont know. But it's known to save at least 10percent of your savings.
Originally posted by BangHong:i read some serveral magazine, the bottom line is to save 10percent. It's based on research... based on what type of research i dont know. But it's known to save at least 10percent of your savings.
Is the 10% of salary before or after cpf reduction?
I dont save much.
I usually like spread out the money over the span of few days and save by the day one.
Lets say i got like 100 bucks.
I will spread it over 5 days.
So its $20 per day, then each day see how much i can save.
how much u can save depends on how much you earn.
the basic suriviving cost let say is $1000/mth.
if u earn $2k , you can save 1k/mth
if u earn $5k, you can save 4k/mth
i save about 70% of my income for my family.all in foreign currency.
:)
its 10percent before CPF, so you earn 2K, at least save 200 D:
I save 20percent now, i am still a student!
reyes save so much :P