Savings

[Nhyone]

Do you set aside a percentage of yr nett salary as savings or do you save only when there's loose change at the end of the month?

 

I set aside a fixed amount, spent the rest and let the remainder rolled over. So the "residue amount" could be steady, rising or falling over time depending on how much I spent. When it hit a high water mark, I transferred part of it out. It hasn't hit the high water mark for quite a while already...

 

Starting from this month, following advice from a book, I have embarked on a strict expenses diet. I put in just my estimated monthly expenses in the bank account. Let's see how it goes.

[Nhyone]

it can be done..

 

no commitments, no liabilities, no gf, no wifey, wears a skirt

 

Confirm garanteee can man

 

I meet four of your criteria up there, but I can't do it. Where can I find a skirt to help me?

 

Let's see.

 

20% tax to Government

5% company shares

47% regular expenses (everything in already, zero frivolous expenses)

28% left if I were extremely frugal, which unfortunately I am not

[Galantspeedz]

as in private property right...

 

wah yr piggy bank made in swissland is it...

 

is 1 property nia and not alot of properties leh.... u wan buy? i sell u cheap

[Freestylers09]

Bazi will crash with money??

[Rickster]

it can be done..

 

no commitments, no liabilities, no gf, no wifey, wears a skirt

 

Confirm garanteee can man

 

Girl's expenses are really low. If not married, can depend on BF to pay most of the bills, drive them around, pay for taxi etc, if married, can depend on hubby! Yet, all their money is their money.

[Mbabypony]

I not squirrel, pony can anot?

 

Does anyone still does that in Singapore? It appears that this is also a vanishing trait.

 

I know some pple do not hv savings everymth. So, the variable bonus & 13th AWS (if any) that they get will be taken as savings.

 

Do you set aside a percentage of yr nett salary as savings or do you save only when there's loose change at the end of the month?

 

Plse participate in the poll & it wld be interesting to see how many squirrels we have here in MCF

[Rickster]

plse hor...those 2 legged tat wear skirts spend more than those wearing pants

 

unless they are so can find a carrot head to tok-tok-tok

 

I don't really see how there are major avenues for msot of the 2 legged-skirt-wearing things. Other than clothes & makeup...wat else?

[Rickster]

I save only whatever is balance at the end of the month..

Most of the time is close to 30% of gross...

 

impressive

[Rickster]

ha ha true true.. know some that wears skirts, highly paid somemore but everytime spent the BF $$.. she practise his $$ is her $$, her $$ is her $$ theory.

 

i pity the bf.. she even controlled how much he should give his the mother.. KNN... so more $$ for her.

 

She spend his $$ and save her own $$

 

Ur fren should dump her before its too late.

[Rickster]

when a woman married, should she control / use husband's $? or ownself earn ownself take care of own $$?

should the husband let wife control if he is unable to save?

 

I believe its always good to have a joint account that is under the custody of the wife. Each month, both husband & wife will devote a certain amoutn of $ to be put into the joint account as savings for the family.

 

The rest of the money, is up to how each of them wants to use. Neither should control each other's spending unless one is a habitual gambler.

Edited November 2, 2007 by Rickster

[Robin]

10% - 20% .. but sometimes quite short of cash

[Wadexu]

can have another choose >60%?

[Mzrmazda3]

After all my expenses, i'm left with about 10% and at times even none

[Qpik]

dun be so fierce..I'm just asking because I have a gf who controls his husband's salary

 

sorry....sorry...for frightening u...

 

i nvr believe in controlling spouse's salary...

 

if u says get a sum for joint savings ok but controlling is a little extreme. maybe the husband is a spendthrift who gets easily tempted by gadgets etc??

[Qpik]

now you know why she uses tiger as her avatar...

 

back to topic.

 

financial consultants always mention that one should have savings equal to at least 6 months take home pay in order to be secure.

 

realistically speaking, how many would actually have $$$ equal to 6 months of their pay in savings.

 

u lor...u the richest platinum bachelor in MCF

 

i know u not only hv 6mths but more like 6yrs right....

 

ok ok...i will keep it a secret for you...to prevent being hunted by gold digger

[Freestylers09]

a cleaner can save 100k+....why 6 months cant? just curious really so hard to control spending?

[Qpik]

Does anyone still does that in Singapore? It appears that this is also a vanishing trait.

 

I know some pple do not hv savings everymth. So, the variable bonus & 13th AWS (if any) that they get will be taken as savings.

 

Do you set aside a percentage of yr nett salary as savings or do you save only when there's loose change at the end of the month?

 

Plse participate in the poll & it wld be interesting to see how many squirrels we have here in MCF

 

ooyi, how cum dun hv > 60% 1 ahhh? save all n spend hubbi 1 how 2 vote ahhh

last row lor...u so obvious wait kanna kidnapped

Edited November 2, 2007 by Qpik

[Qpik]

plse hor...those 2 legged tat wear skirts spend more than those wearing pants

 

unless they are so can find a carrot head to tok-tok-tok

 

I don't really see how there are major avenues for msot of the 2 legged-skirt-wearing things. Other than clothes & makeup...wat else?

facial, manicure, pedicure, hair, skin care, accessories, handbag, shoe, makan, taxi ...the list goes on...