30 yrs old plus and still no money
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wah u really can save!Originally posted by nightzip:Its ok if you spend abit once in a while....like me, maybe 3-4 times a year, i will spend up to $300+ on new shoes, clothes, PC games, etc...
but the rest of the time should be saving. And the important thing is that when saved, the sum of money should not be activated, use only the interests if needed, else use the monthly pay only...not the savings part.
got gf or not?
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1.3k only dun put FD la.. tie up..Originally posted by nightzip:very good...maybe put your money in fixed deposits so as to earn more interests....
/don't put in those 3-5 years bank currencies investment plans....fake ones...
u wun know there will be penalty and u might need it for rainy days..
but i suggest u open an esavers acct.. interest much much higher than other banks savings accounts.
im gg to open one soon. -
no gf yet...
i never save much lah....not very poor also...cuz all money is in FD...fixed cannot take out...
but actually my APC and APS (in econs average propensity to save/consume)
is about 35:65.
I tend to save 65% of pay. But then, i have a respectable pay lah... -
good advice from BBB.Originally posted by browniebaobao:1.3k only dun put FD la.. tie up..
u wun know there will be penalty and u might need it for rainy days..
but i suggest u open an esavers acct.. interest much much higher than other banks savings accounts.
im gg to open one soon.
How much is the min. sum for esavers? is it from DBS?
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wahlew still go and do econs...Originally posted by nightzip:no gf yet...
i never save much lah....not very poor also...cuz all money is in FD...fixed cannot take out...
but actually my APC and APS (in econs average propensity to save/consume)
is about 35:65.
I tend to save 65% of pay. But then, i have a respectable pay lah...
guess u are really one who is gd at financial mgt.. haha..
i can earn, but i spend a lot also.. as much as i needed someone to help me manage my finances.. but i rather not.. have to control myself..
then i tell myself.. my future bf/hubby muz know how to save. if not, both spenders, v jialat.
65% pay? u earn a lot ar? if u earn $2k a month, then u save $1.3k wor!
i think for me, wana save $200 a mth also difficult..
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i'll throw a question to blowfish.
how much savings do u think one should have at age 30 then is considered sufficient? -
wow, 65% that's very good.Originally posted by nightzip:I tend to save 65% of pay. But then, i have a respectable pay lah...
for me i only save 50% of my pay each month. -
at least $20,000 in my opinion.Originally posted by browniebaobao:i'll throw a question to blowfish.
how much savings do u think one should have at age 30 then is considered sufficient? -
Originally posted by nightzip:good advice from BBB.
How much is the min. sum for esavers? is it from DBS?
standard chartered.. no minimum sum..
so far i know, interest is 1.88%. posbank is only 0.26%.
and it's v flexible..
u transfer money to this e$avers acc from ur other bank account(s).
any amount up to u.
then if u need money, u can always transfer back the money to ur other bank accs.. so that u can withdraw and spend..
if withdraw from standard chartered branch.. have to pay $5 per transaction. -
now i know my home got one rich woman.Originally posted by Gordonator:at least $20,000 in my opinion. -
and more are not wanting to get married cos of increasing cost of living and commitment. they just stay single and become responsible for their own living expenses only.Originally posted by Gordonator:young adults nowaday don't have the habit of saving. if they are in need of money, they just stick out their hand and get from their parents.
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ok what abt 40 plus and no savings? Plenty around too.
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No savings then better pray to God you got CPFs (at least 30+k) or some locked capital such as house, cars, etc...just in case you need to sell everything off for a rainy day....like sickness, accidents, etc....Ptui!Originally posted by Rock^Star:ok what abt 40 plus and no savings? Plenty around too. -
Alternative investments are the 40+ have kids who will be working in a couple of years...
so e.g. 1 kid gives you $200 a month.
If you have 3 kids ==> you have a month allowance from your kids at $600.
a decent sum. -
basically at that age, you must get ready all cash you need for marry(if you have plan). It can vary in individuals.Originally posted by browniebaobao:i'll throw a question to blowfish.
how much savings do u think one should have at age 30 then is considered sufficient?
But to answer you, i will said minimum 30k. remember is minimum. -
Originally posted by blowfish:basically at that age, you must get ready all cash you need for marry(if you have plan). It can vary in individuals.
But to answer you, i will said minimum 30k. remember is minimum.
at wat age do u come out society to work?
let's say 22.. so it's 8 years..
8 years can save 30k? assuming that u never knew how to save when u were younger..
i admit i only start saving now..
and i have many guy frens in their late 20s or early 30s who find themselves dun even have 10k savings. -
A lot of savings are not true savings. They are just waiting to be spent. True savngs are those in investments, long or short term.
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buy 4D as investment.Originally posted by Rock^Star:A lot of savings are not true savings. They are just waiting to be spent. True savngs are those in investments, long or short term. -
provided if u got a nett profit and stop there.Originally posted by blowfish:buy 4D as investment. -
can. why cannot? if u save $400 a month, 1 year u will save $4800, 8 years u will have $38,400.Originally posted by browniebaobao:8 years can save 30k? -
wahh...Originally posted by Gordonator:can. why cannot? if u save $400 a month, 1 year u will save $4800, 8 years u will have $38,400.
but with this little pay that im getting.. and all the debts that i have to clear... bo ko leng..
ok... take out calculator and start counting*
forget it.. marry a rich husband can liao. -
u juz reminded me that i have to buy another insurance or endowment plan..Originally posted by Rock^Star:A lot of savings are not true savings. They are just waiting to be spent. True savngs are those in investments, long or short term.
omg... go one like that save wat sai. -
The interest rates for insurance policies do not look gd for the next ten years. Suggest u look at investment linked policies with no death coverage attached. This is the bestOriginally posted by browniebaobao:u juz reminded me that i have to buy another insurance or endowment plan..
omg... go one like that save wat sai. -
$17?Originally posted by missqi:I am 17.
How much am I expected to have in the bank? -
no death coverage?Originally posted by Rock^Star:The interest rates for insurance policies do not look gd for the next ten years. Suggest u look at investment linked policies with no death coverage attached. This is the best
i die liao my family no money claim leh.
then wat for i buy? gees..