25 C
Singapore
Tuesday, January 31, 2023
Ads

S’PORE GUY ASKS IF HAVING $1.4K OF SAVINGS EVERY MONTH IS ENOUGH TO SURVIVE

Thoughts on having 1.2k-1.4k leftover savings every month. I am currently staying with family and save about 2k+ every month.

Advertisements

However, I want to try living alone and assuming that rental cost is 800-1.1k per month, I forecasted that I would have about 1.2k-1.4k left (before investment, after subtracting additional food, transport costs etc).

I want to get Singaporeans’ sense check on whether this amount is too low, average or still on the higher side in term of monthly savings.

How much do fresh graduates save per month typically? I have been in the work force for 1.5 year by the way, if this context helps.

Netizens’ comments

  • Don’t forget about food costs, laundry, personal hygiene stuff. Still need to put down deposit.
  • You need to factor your food and transport costs on top of the rent.
  • Sounds like an underestimate for rent considering prices these days
  • Factor in any room maintenance (aircon servicing)
  • 2k – 800 = 1.2k, math checks out
    What do you mean by low, average or high lol. That’s the amount you originally save and you deduct rent so you will have what’s remaining lor. Not sure what you’re getting at here.
    If you want to save more then earn more or spend less. That’s it
  • What are u on about? Save what u can. There’s no minimum or maximum
  • I generally encourage people to wait till they are late 20s to move out cos they’d be earning more then and can rent AND save money
  • Bruh, sorry for those unhelpful comments from some. Don’t feel pressured to compare your monthly savings with others. If 1.2k is sufficient for you then go ahead.
- Advertisement -
- Advertisement -
Latest News

WOMAN’S FRIEND BUYS 4D ON HER BEHALF, REFUSES TO GIVE HER TICKET AFTER IT WON $200K

A Facebook user shared on 16 January that her friend had helped to buy 4d on her behalf and...
- Advertisement -