Quote:
Originally Posted by B88Bs
Thank you for your candid reply, I definitely relate to you there. Fortunately due to covid I have been able to rapidly save quite a good sum of cash to protect myself in case of rainy days. Plus there isn't any girl to spend it on these days so I'm quite thankful for that.
I have started setting aside a fund that consists of:
- 6 month reserve
- Small investments
- Contributions to a housing fund
I don't think the the idea that people won't teach you is necessarily true. I have been lucky to find a few friends that are willing to share their personal budgets and expenses (granted, they don't chiong). Usually it tends to be couples that BTO or just wedded and have to plan everything.
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Bro, you might want to start with you age, income range, occupation/job security, health issue, but I guess ppl don't care.
I am not insurance agency guy, but If you don't have a good insurance, 6 months reserve wouldn't do any good. but at the matter of fact, buying insurance causing you more money than what you expected to pay. However it has a benefit of flatten out your risk of bankrupt from major event, e.g. car accident or get HIV from strawberry wine.
next is you budgeting, if you can't control yourself from overspend, you MUST put the money that you don't want to use aside after you get a paycheck, try to put it to different bank account/investment/ask your mom to keep it or any mode that it is hard for you to be mental breakdown and use it up.
after you got your YOLO budget, enjoy lah bro
don't forget to give me a good FR and ctcs
enjoy your day