Saving & Spending
Readers’ Challenge – Cutting Down Your Expenses in 2015 To Save 50% of Your Money
By SG Young Investment  •  January 21, 2015
You may have heard advices to save 10% or 20% of your money every month. But, is that enough to grow your money to achieve financial freedom? The average people out there would just be saving 10% of their money or worse still have no savings at the end of the month. If your take home pay is $2000 and you save just 10%, its only $200 per month and $2400 a year. In 10 years time, its only $24,000. That's not a lot assuming you start working at the age of 24 and end up with only $24,000 at the age of 34. If you're good enough to have a take home pay of $3000, saving 10% would only be $36,000 in 10 years time. Here's the 10% savings scenario: Take home pay $2000 at age 24, save 10% and have $24,000 at age 34 Take home pay $3000 ......
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By SG Young Investment
I'm in my late 20s now and living in a small island city called Singapore. I started this blog in June 2013. My background is in Engineering. Later on, I went on to pursue a degree and graduated with a Bachelor of Economics ...
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