Personal Finance
Financial Planning in Your 30s: Saving, Income, and CPF Strategies
By Kelvin Learns Investing  •  July 17, 2024
In your 30s and planning for the future? Dollars and Sense estimates that you should aim to save around $289,814 by the time you turn 40, close to Seedly's recommendation of $243K. Your income should be higher now, with the median income around $5,833 and professionals earning up to $7,500 monthly, excluding employers' 17% CPF contribution. In this age range, the median CPF balance is around $200K to $220K. Don't worry if you're not there yet; the main goal is to reach your Full Retirement Sum (FRS) by 55. Watch this video for tips on maximizing your income, saving efficiently, and planning your CPF contributions....
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By Kelvin Learns Investing
Hey! Kelvin here! I talk about money related stuff like investing, credit cards, how to save money to retire early!
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