What have you been doing with your salary?
If you have been diligently following the 50/30/20 rule on allocating your salary where:
20% goes into savings Only spend 50% on expenses Last 30% into your wealth account for investment purposeThe median household income per household member is S$2,584, which is also close to what some of the fresh graduates might be looking at.
Assuming one stick closely to the budgeting percentage of 30% to your wealth account, one should $10,000 in his account ready to invest after 13 months.
