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macaroonie
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% salary saved

Post by macaroonie » Fri, 28 Oct 2011 3:16 pm

What is the % of your salary saved after all expenses. And what is your ideal % salary saved?

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BillyB
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Post by BillyB » Fri, 28 Oct 2011 3:20 pm

20%, and as much as possible respectively.

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nakatago
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Post by nakatago » Fri, 28 Oct 2011 3:45 pm

27.0562771%

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poodlek
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Post by poodlek » Fri, 28 Oct 2011 3:48 pm

64% on the current contract. 30% consistently would be fabulous!

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medcheckonsat
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Post by medcheckonsat » Fri, 28 Oct 2011 4:44 pm

29.761904761% :D

Ideally 38%
Smokers never grow old, they die young :D

Eibow
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Post by Eibow » Fri, 28 Oct 2011 4:57 pm

about negative 10%

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ecureilx
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Post by ecureilx » Fri, 28 Oct 2011 6:27 pm

Eibow wrote:about negative 10%
minus 4.97689 % :( :(

revhappy
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Post by revhappy » Sat, 29 Oct 2011 10:52 pm

While I was at home in Bangalore I could save 90%. My parents were taking care of everything all I had to worry about was filling gas in my car and eating out. :lol:

Now in Singapore its been about 66% on average. But thats because I have no fixed assets/home loans. My entire portfolio is liquid. People who say they save much lesser, probably have home loan installments which should be considered as savings.

I dont think saving as a %age of salary is relevant. Its the absolute figure that matters.

conversant
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Post by conversant » Sun, 30 Oct 2011 12:51 am

What I have observed in my short time here is that if you are a single guy and live clean and sober, and you live near your job, you need at the most SGD 1500 to live off of. The rest is your savings. Do the math!:)

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sundaymorningstaple
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Post by sundaymorningstaple » Sun, 30 Oct 2011 1:40 am

Bloody boring, what!

[-(

Expat_guy
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Post by Expat_guy » Thu, 03 Nov 2011 2:10 pm

Buddy, enjoy your life. It is not that we should blowout everything but I don't believe in saving a %, it should be based on one's age, number of dependents and responsibilities.

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nakatago
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Post by nakatago » Thu, 03 Nov 2011 2:26 pm

revhappy wrote:While I was at home in Bangalore I could save 90%. My parents were taking care of everything all I had to worry about was filling gas in my car and eating out. :lol:

Now in Singapore its been about 66% on average. But thats because I have no fixed assets/home loans. My entire portfolio is liquid. People who say they save much lesser, probably have home loan installments which should be considered as savings..
I hate you.

beppi
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Post by beppi » Thu, 03 Nov 2011 5:14 pm

Investment in liquid assets -> Beer at Clarke Quay ?!?
In that case I save a lot ...

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ecureilx
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Post by ecureilx » Thu, 03 Nov 2011 5:17 pm

beppi wrote:Investment in liquid assets -> Beer at Clarke Quay ?!?
In that case I save a lot ...
me too invested a lot on liquid assets :D :D Further up the road at Orchard though.. ROI was bad .. with 100% loss .. :D :D

beppi
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Post by beppi » Thu, 03 Nov 2011 5:57 pm

I gained: Now I have a well-rounded portfolio at the waist level.

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