The Young Singaporean’s Guide to Saving and Investing on a Small Salary Introduction Living in Singapore can feel overwhelming when you’re just starting your career. Rents are high, kopi prices keep rising, and saving on a monthly salary of $2,500–$3,000 might seem impossible. Yet, many young Singaporeans have proven that with the right habits, even a small income can grow into long-term financial security. The key is to start early, be consistent, and leverage the tools available to you — especially CPF, robo-advisors, and smart budgeting. This guide breaks down practical steps you can take to save and invest, even if you’re earning on the lower side. 💰 1. Start with the Basics: Budgeting the 50/30/20 Way If you’re earning $2,800 a month (a common starting salary for many graduates), here’s how the 50/30/20 rule can be applied in Singapore: 50% Needs ($1,400) – rent, transport (MRT/Grab), phone bills, meals. 30% Want...
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