< BACK TO MAIN BLOG 15th August 2018 Turns caffeine into digestible finance content. You can contribute your thoughts like Ming Feng here.

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 purpose

The 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.

How To Allocate Your Monthly Salary