How much do you save a month?

[FinanceGuru]

Yes you are right, I don have insurance, savings plans, investments, loans etc thus my expense arent very high.

Now even if i lose my job, Im certain my savings can last me 5 years without working (or perhaps will opt for part times jobs). But by then no more over-shopping, fine dining or short holidat trips so I can 'rest' even longer not working.

Hi Chic Lush, I think you should strongly consider coming up with a financial plan. It should cover your protection and retirement needs at the minimum.

[spicemeup]

I save 30% of my income. I'm still thinking of a way to increase it to 50%!

[CozyFinance]

I save 30% of my income. I'm still thinking of a way to increase it to 50%!

Thats easy, why don't you try channelling 50% of your pay into another savings account first and budget yourself with the remaining 50%.

Instead of splurging first then save, you now save first then splurge. This will ensure you will always save your desired amount.

[orangeyjellybeany]

Sadly, I can only save 10%. Too many expenses nowadays.. insurance, house bills, phone bills, etc.

[prushellen]

im currently saving 40% and targeting to 50% as well.

[orangeyjellybeany]

im currently saving 40% and targeting to 50% as well.

I envy you prushellen. You're really saving a lot!

[i_am_prettyroan]

Wow! You people are so good in saving your money. It is so depressing that I will start all over again this year. I will start my year right! All my savings last year was gone because of some emergency financial needs but I really said to myself to start again this year. I will start saving 30% first because I cant afford to save 50% because of my insurance and other bills. If you are willing to give advises on how I am going to succeed this year saving a lot please do drop me one. Thanks ladies!!!

[Shar0n83]

Normally, I will save 20% of my salary. However, knowing that it is not enough for my future plan, I have recently took up saving plan. I have get to know this girl who can help me to do up my financial plan for me and she is very good. She portion out my expenses and etc. She explain my concern and cater a plan especially fulfill my needs. She is not pushy and is totally understanding, hence would like to share for people who really interested in saving. As, personally I think saving is especially important in Singapore. Let me know for interested parties, I can share her contact with you as I think she can revert your concern more. No harm meet up to hear her view, you will understand your financial plan better like me now.

[CozyFinance]

Wow! You people are so good in saving your money. It is so depressing that I will start all over again this year. I will start my year right! All my savings last year was gone because of some emergency financial needs but I really said to myself to start again this year. I will start saving 30% first because I cant afford to save 50% because of my insurance and other bills. If you are willing to give advises on how I am going to succeed this year saving a lot please do drop me one. Thanks ladies!!!

Set your priority, and put savings at the top of the list. Before you spend on anything, remember your priority. In fact you can write your priorities down on a peice of nice looking paper and put it into your wallet. Whenever you buy something, you will be remined of your priority!

Personally I employ the use of multiple savings accounts to reach my different saving needs and to budget myself effectively. Here is a simple example:

January Paycheck 100% credited into Account A

If my goal is to save 50%, I will then immediately transfer 50% to Account B or if you have different and more things to save for, you can transfer 30% to Account B and 20% to Account C

You can then budget yourself to 50% of your Pay in Account A effectively.

Hope it helps!

[CozyFinance]

Normally, I will save 20% of my salary. However, knowing that it is not enough for my future plan, I have recently took up saving plan. I have get to know this girl who can help me to do up my financial plan for me and she is very good. She portion out my expenses and etc. She explain my concern and cater a plan especially fulfill my needs. She is not pushy and is totally understanding, hence would like to share for people who really interested in saving. As, personally I think saving is especially important in Singapore. Let me know for interested parties, I can share her contact with you as I think she can revert your concern more. No harm meet up to hear her view, you will understand your financial plan better like me now.

Hi Shar0n83, is this fantastic and awesome person yourself?

[Shar0n83]

Hi Shar0n83, is this fantastic and awesome person yourself?

Hi CozyFinance,

I'm not the person myself, but I have just bought a plan which I think is a stepping stone for saving more disciplinary. I thought it will be good for sharing as it does work on me. At least I know that I have regular saving and in a place given at a higher interest. It will be great for my future plan

[imcutieyui]

I can say that I save up 30% of my earnings When there are things I want to buy I save up for it and think carefully if it's something that I will use. I don't want to buy on impulse because I might end up buying too much stuff that I dont really need.

[beepinkbee]

I have no saving from last year. I spent all my saving for my study fee.

[imcutieyui]

I have no saving from last year. I spent all my saving for my study fee.

Don't worry beepinkbee. You'll have your chance to save up but for now do well on your studies

[spicemeup]

Thats easy, why don't you try channelling 50% of your pay into another savings account first and budget yourself with the remaining 50%.

Instead of splurging first then save, you now save first then splurge. This will ensure you will always save your desired amount.

Thanks a lot CozyFinance! Save first then splurge sounds pretty good to me!