What a year! 2020 has definitely shaped up to be a year that I don’t think any of us will forget anytime soon. From surviving lockdowns to an economic recession and the crazy gains in the stock market, there has indeed been some very crazy moments this year and I thought I’d take this time to do a year-end review as I always have.
Sharp-eyed readers may have realised that I forgot to do a 2019 savings reflection – my bad! I didn’t even realise I had missed it out because I was too busy adapting to my new role as a first-time parent.
But before that, here’s a quick recap of previous years:
- 2014: Saved $20,000
- 2015: Saved $30,000 and grew income
- 2016: Saved $40,000 and grew income, hit $100k in net worth at age 26 including CPF
- 2017: Saved $45,000 and doubled my net worth in a year
- 2018: Saved $50,000
- 2019: Saved $35,000 (didn’t realise I completely missed out on a round-up post, but here’s our child-related expenses instead)