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Getting my first pay – How am I splitting it up?
By Singaporean Talks Money  •  December 23, 2018
I received my first full pay recently and although not a huge sum, I have allocated portions of it to different areas. I have my pay credited into a POSB account which is linked to my DBS multiplier to allow me to earn a higher interest.


For my pay, I have presented it in a percentage form where I used 100% as the take home pay after CPF deduction.

Here it is:

I am happy to finally be able to give some allowances to my mum, although not much but at least it is something that I always wanted to give.

I recently also purchased a personal accident plan. My life insurance is still being paid by my mum but I hope to take it over from her soon.


For food, I meal prep my meals to work for at least 2-3 days per week so my expenditure on food is not that high

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By Singaporean Talks Money
I am currently a 23 year old university student in SIM. I hope to be able to grow my money and see the power of compound interest. I became interested in investing when I took a gap year and worked full-time. I realized that by just saving, it was very difficult to achieve my financial goals hence i read up on investing.
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