Personal Finance
A Typical Singaporean Financial Journey – Up To $422K Projected Expenses
By Seedly  •  August 16, 2017
Living in Singapore can be really stressful. Due to the high cost of living, life is constantly about planning ahead and working toward certain milestones such as marriage and starting a family. Every milestone comes with a price tag! This article serves as a benchmark to how much you roughly need for each milestone in life and a strategy on how much you need to start saving/investing every month to clear this debt. Fact: You will probably spend up to $422K by Age 30  The early life stages of a Singaporean involves 5 most financial milestones. According to our research from Singstat, these milestones take place by 30 years old on average. The total average expenses amount to around $422K (a portion payable via CPF) Aim for $1,000 or more combined savings/investments at ~8% interest with right instruments This will allow you to hit that amount within 18 years with purely savings/investments Do ......
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By Seedly
Launched in 2016, Seedly helps users make smarter financial decisions with its budgeting app which allows its 40,000 users to sync up their financial accounts and better manage their cash-flow. Last year, we introduced a new community feature which allows users to crowdsource knowledge from peers before making a financial decision.
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