The most intesting article which I scanned from Pg 68 of August Edition.... I decided to do a quick calculation based on S$2,000 gross income.
10% (S$200)- Unexpected expenses like wedding and birthday gifts
10% (S$200) - Dream Vacation or a new car
10% (S$200) - Treats and Splurges
10% (S$200) - Retirement
60% (S$1200) - Everyday expenses but NO shopping...
Using the gross account, it looks pretty logical way... However if we take the 20% CPF into consideration... left only S$1600.
10% (S$160)- Unexpected expenses like wedding and birthday gifts
10% (S$160) - Dream Vacation or a new car
10% (S$160) - Treats and Splurges
10% (S$160) - Retirement
60% (S$960) - Everyday expenses but NO shopping...
Does it looks okay now? seems okay hor..
but then....
I dunno how to save :(
3 comments:
don't bet any soccer match? :P
Hard lah... gain some, lose some....
The rich get richer because they have extra money for investments and roll more money.
The poor get poorer because any increase in daily necessities eat into their savings.
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