✨ Hi everyone, I’m really excited to share that I’ll be joining sav.finance in their yearly Money Spring Cleaning Workshop for 2024! It’s a series of 3 workshops on budgeting, insurance, and investing, and I’ll be sharing some of my ideas in the 1st session of the workshop, which is on budgeting and goal-setting. If you’re interested in a step-by-step process of how to set your own goals and creating a budget to support those goals, please join us! I’m sure you’ll get a lot of value out of it, and you can see the thinking process behind how I organise my own finances. There will also be a Q&A session at the end where you can ask me any questions about the topic. It’s an online workshop and it will start on 15 January 2024. I really hope to see you there! 👉🏼 You can find more details here ➡ www.sav.finance/lp/new-year?
I loved how seeing how your earning salary has increased over the last few years! Money isn't everything, but I'm so happy that you, your mum and brother are in better financial circumstances with some space for savings now! Proud of you :)
Been following your progress on and off for about 2 years now. Always reassuring to hear "ordinary" people like you talk about their slow and steady journey. I have a few friends who were talented and lucky enough to immediately jump into $8k - $10k jobs right out of school, plan for BTO, and so on. I'm happy for their success and super-charged life/financial trajectory, but it terrified me to feel like I was being left behind. I think many of us (you included, based on this video) need a reminder that not everyone can or needs to be so extraordinary. It's only a rat race, a competition against others, if we wish to think of it that way. If we instead look inward and focus on what we want for ourselves and the progress that we're making, that's what matters. Very grateful that there's small creators like you making this kind of content that can impart this kind of message about how we can look at our life and money.
As a married guy, I love such videos talking about budgeting and financing. But it is not easy for me since married and staying with my family, there so much commitment and spending here and there. As I am in the current industry less than 5 years and started with a small little role, I felt that my career advancement relatively quite fast than some that need to take 10 over years. Without Degree also an factor and I have to work extra hard and took part-time diploma when I could. Now even married without a house or baby, I am aiming for part-time Degree and wish it could bring me forward and so I could earn much higher. Now I take home around 4k+ too and with the cost of living going up, I sometime just stressed out with our future, and with 1-2 years left to our 30s we have yet to complete a lot of things.. But we never give up on the things we want to achieve! 😉For all the youngster out there, always have the money for raining days and get insurance coverage when you can. It is very important, but don't over buy and left nothing for your daily. You might stuck there, but don't stop there. ☺
"I am deep into this adulting thing and no one else but me is responsible for my life and my decisions". I am in my late 20s and indeed i did not realise that I am a stale graduate too. Thanks for sharing your super detailed breakdown!
You are really an inspiration and motivation to many who struggle! Your content is wholesome and real Singapore situations. Unlike all the bragging and high life. I like how you didn't have a good situation but you turned it around and work hard to achieving your own flat and provided for your family.
As a final year university undergrad stepping into the workforce next year, I have followed you for quite some time and I really find your videos very useful, very well thought advice too, thank u so much for sharing!! Have a great year ahead and let's all work hard towards our goals and not forgeting to enjoy life as well :)
Reserved this as my most inspired video for 2024... I'm also at the age of 27 by this year, 3.5 years worked, now looking for a fresh start in Singapore. I think I am at the age that consider more on my life goals, a lot of gives and takes are expected in this year. Hope I can be a better self compared to previous year. 🎉
Looking at you plan reminded me of my younger self. I'm 36 now. I've stopped tracking every expenses. But I keep the same spending habit, stay prudent and stay invested. You'll do well, Lisa.
i chanced upon your video and i think your video is very inspiring and motivating. thank you for all the tips and even sharing your excel sheet. Wishing you a blessed 2024 and all the best for your future! God bless!
Commendable progress and discipline in budgeting. While it is good and important to know where you're spending, do not be too rigid, calculating down to the last dollar. You only have 1 life so while what you're doing is a good practise, life wont be too enjoyable if you're forcing yourself to follow too strictly. Don't stress yourself unnecessarily. Use your budgeting plan more as a guide to the correct direction. Spend more of your energy learning how to invest to get better, safer returns, or making more money.... rather than tweaking your budget allocation to the few dollar changes here & there. (Unless you're living just from paycheck to paycheck or your salary barely make ends meet... which is not the case) 😂
May I ask, Is your side hustle UA-cam revenue ads? Or are there others? Thanks for your videos. They help in motivating and educating me to track my financials!
This is a great budgeting video. Keep it up. One thing that doesn't outline in the video is surrounding the tax rate? The other thing that is probably worth a deepdive is using the CPF for mortgage vs take home pay for mortgage. On paper, that looks like a no brainer but ultimately, you are sacrificing the retirement fund here. What does the investment return look like with your take-home pay vs return in CPF, and not forgetting about the value of the snowball effect in CPF as well.
hello! i'm in the same boat where i don't qualify for integrated shield plans, so i have to stick to my current field for the medical benefits. i have multiple health conditions and i am 30F 😅 not sure if this is helpful but my strategy is: insurance: 1. accident plan - no medical check needed. 2. cancer plan. also no medical check needed. healthcare: 1. stick to public healthcare. they are still quite reasonable, and even as a private patient in a public healthcare system is reasonable. 2. if you need to see a private dr for outpatient consults and is a very patient person, find one who can give you a prescription instead of collecting medication at the clinic itself. collect the medication at a public hospital (TTSH doesn't accept). it will be a long wait, but you save 30-50%. 3. medishield life do cover quite a fair bit when you stay in class c/b2! thanks for sharing with us your budget!
Hi Lisa, I have been using the sheet you created for my budgeting. Thank you! Congrats! For 27 years old, salary at 4.5k is good. Care to share any variable bonus or AWS included in your salary package?
Thank you, Lisa. I can't believe I wasn't subscribed to your channel since I watched some of your videos sharing about the challenges you have faced in life with your housing and financial situation. You present your materials well and have a captivating voice, hope your channel and side hustles continue to do well as you progress in your career in this new industry you embarked on. Earning what you earn at age 27 is a relatively good amount, perhaps you could look at the median income at your age group and know that you're not doing too far off from peers of your age group, but such comparisons does remove the little fun things in life yet it is hard not to do so since we live in Singapore. I am really happy for you since you made the best out of your situation, I read this somewhere before, we can't choose the cards we're dealt with but we can choose how to play them, and you have been playing them well thus far. Continue the good work and don't give up! p.s. maybe I am suffering from some crisis cause I don't think I should sound this old. Oh and "Boys Like Girls" is coming to Singapore (I didn't go for Fall Out Boy cause budgeting right? LOL), it's really hard to give concerts a miss just for that reason. Oh and perhaps you might want to look into Critical Illness coverage, I am not an agent but as a laymen/consumer myself, it seems like you should consider it.
You have a great methodology and discipline. Everyone should be learning from you. However, I would strongly advise that you focus your energy on increasing your earning power. This will solve alot of your current issues and propel your investment journey multi fold. I’ve been through your journey and can share a similar experience. Think exponential instead of what is a linear acceptable trajectory. The older you get, you’ll be surprised to find that the pay gap is so unequal today even amongst people of the same age. Spend your energy to find the right job and company. you can easily double your salary within 3-4 years in Singapore. Today, 4500 is no longer a competitive benchmark with inflation. You can definitely demand more with how smart you are.
Agree with you on this point. Can see that she is mature and methodical in her thinking, another 4 yrs of work experience in her field, she be only 31, with substantial 8yrs of experience… I see the earning potential in her in her prime years to definitely double this pay now, especially in Singapore, it’s not difficult. Just have to devote enough attention to her career, be on the lookout for better opportunities as they come. Investment in own career at this stage will pay way more returns than any other savings or investment.
Such an interesting and informative content ❤ thankx a lot! Curious to know what is your yoga studio because the membership is so affordable 🤭 mine is $200/month and I thought it was already on the cheaper side 😅
Hi Lisa, few questions. Have you ever thought of using other credit card apart from DBS to max out the benefits such as cashback/miles? As of investment, instead of StashAway, what about endowus ?
Hi Lisa, can I check what food do you eat on a daily basis that amounts to $200 per month only? It’s like even if you eat budget meal from kopitiam everyday it doesn’t adds up. Hope you can provide some clarity! Nonetheless, great job so far!
actually my food budget now is roughly $550 per month, including approx $150+ from my joint account with my partner! it’s never been $200, except during WFH / when i was a student 😅 i think when i mentioned in earlier budgets that my food spending is around the $200 range (just in my last budget video, it was $250), it’s not a budget for every single meal that i eat in the month. it’s only food that i pay for myself - so this doesn’t count days when im eating home cooked meals (and if the groceries were bought by my mother), or eating dabao-ed meals given to us by our extended family.
Hey Lisa! I've been thinking how to categorise my spendings and savings as well and was wondering if there's a specific reason why you consider the travel fund under savings? It's also essentially a sinking fund since sgeans usually go on holidays every year and it does sound like you're also prioritising that, and the medium-term sinking fund & travel fund is excluded from net worth.
great question! i would say the categorisation of these funds is really up to you and how you organise them comes down to personal preference. personally, even though the Savings and Investments category seem to have a lot in common, i think of my Investments category as separate from everything else. so the 20% i put into investments is really a Do-Not-Touch category of money. whereas for Savings, i think of it as money that is not meant to be spent right now (in the month), but for a later goal. it's like "delayed gratification" kind of money. arguably, Family Fund and Medium-term Savings is also a sinking fund, but their timeline is much much later. so i agree, there's overlap with Wants as well, but I choose to categorise it as Savings! of all my categories (needs, insurance, wants, savings, investments), the categories that are my non-negotiables would be Insurance (cannot exceed 10%) and Investments (cannot fall below 20%). everything else can move around within their allotted percentages. hope this helps!
Hello! Thank you for sharing the video, just out of curiosity, how do you juggle social events and going out with friends in your budgeting? Is it under sinking funds?
it depends, but generally every expense goes in the respective categories they belong to. so dinner with friends goes under my food budget, movies with friends goes under sinking funds, etc. my monthly budget should take into account these social activities anyway, and if i find myself short, i will reassess my budget the following month to expand the amount allocated to these categories. hope this helps!
damn, your career growth is very nice to see. I am turning 31, and still earning below $3k and living with my dad only. So many fears at this age regarding health.
Personally, I would channel more cashflow into clearing debt(refering to student loan) before sticking them into investments. but i suppose that depends on your debt interest rates and expected projected investment returns. would be keen to know your decision process for balancing the 2. Appreciate your sharing.
my student loan has 0% interest until end-2024 :-) i also have the remaining loan amount saved up in a fixed interest deposit. so i'm making minimum monthly payments until end-2024, and then i'll pay it off in full!
Hi Lisa, just wanted to share some thoughts here. I will like to suggest that you may look into your transportation spending to see if it is better to use the monthly concession ($128) in case the actual cost exceeds this amount. So it’s better with the concession. Next, I agree with you that adulting and financial planning is a marathon. It’s important to keep us motivated to stay on track with our goals to not deviate from it. So I feel that it’s equally important to treat yourself well with the things you like while achieving the financial outcomes. Thank you Lisa for your sharing.
yes i've heard of the transport concession! will definitely take it into account if ever my public transport costs exceed $130.... but hopefully not haha. thank you for your kind words
i used grabpay once to pay off a big ticket item ($3000+), and i also buy a lot of heavy household items from shopee supermarket so i eventually reached gold status 😅
How much is your emergency fund? You need at least a year of expenses. Your budget cuts it tight. If you lose your job today (esp last in first out) you are screwed. My take is to cut out all wants inc holidays and save at least 1 year (ideally 2) worth of emergency funds before resorting to wants inc holidays
GXS is a regular bank account, while StashAway Simple Plus is a cash management account! it's just for ease of withdrawal of funds. with any cash management account, it always takes a few days for the money to be liquidated and transferred back to your bank account.
For transport, unless you take unusually many trips, I don't think will need $120? But if you really will reach this amount consistently then maybe consider buying the adult monthly ticket.
GXS is a bank account, which i prefer to use to keep my holiday fund (instead of a cash management account like stashaway simple plus, or syfe cash plus). and the interest rate (currently 2.68%) is not bad! i prefer bank account because for travel expenses, usually you need to withdraw quite frequently in order to pay for flights, accoms, etc.
I have to ask - how are you paying only $10 for Netflix and $3 a month for Spotify? Some kind of long-term promo? I see that you also sprung for the family version of UA-cam premium. A tad pricey, but you once you get used to an ad-free experience, you can't go back.
✨ Hi everyone, I’m really excited to share that I’ll be joining sav.finance in their yearly Money Spring Cleaning Workshop for 2024! It’s a series of 3 workshops on budgeting, insurance, and investing, and I’ll be sharing some of my ideas in the 1st session of the workshop, which is on budgeting and goal-setting.
If you’re interested in a step-by-step process of how to set your own goals and creating a budget to support those goals, please join us! I’m sure you’ll get a lot of value out of it, and you can see the thinking process behind how I organise my own finances. There will also be a Q&A session at the end where you can ask me any questions about the topic.
It’s an online workshop and it will start on 15 January 2024. I really hope to see you there!
👉🏼 You can find more details here ➡ www.sav.finance/lp/new-year?
what did you study in Uni?
I loved how seeing how your earning salary has increased over the last few years! Money isn't everything, but I'm so happy that you, your mum and brother are in better financial circumstances with some space for savings now! Proud of you :)
Been following your progress on and off for about 2 years now. Always reassuring to hear "ordinary" people like you talk about their slow and steady journey.
I have a few friends who were talented and lucky enough to immediately jump into $8k - $10k jobs right out of school, plan for BTO, and so on. I'm happy for their success and super-charged life/financial trajectory, but it terrified me to feel like I was being left behind. I think many of us (you included, based on this video) need a reminder that not everyone can or needs to be so extraordinary.
It's only a rat race, a competition against others, if we wish to think of it that way. If we instead look inward and focus on what we want for ourselves and the progress that we're making, that's what matters. Very grateful that there's small creators like you making this kind of content that can impart this kind of message about how we can look at our life and money.
As a married guy, I love such videos talking about budgeting and financing. But it is not easy for me since married and staying with my family, there so much commitment and spending here and there. As I am in the current industry less than 5 years and started with a small little role, I felt that my career advancement relatively quite fast than some that need to take 10 over years. Without Degree also an factor and I have to work extra hard and took part-time diploma when I could. Now even married without a house or baby, I am aiming for part-time Degree and wish it could bring me forward and so I could earn much higher. Now I take home around 4k+ too and with the cost of living going up, I sometime just stressed out with our future, and with 1-2 years left to our 30s we have yet to complete a lot of things.. But we never give up on the things we want to achieve! 😉For all the youngster out there, always have the money for raining days and get insurance coverage when you can. It is very important, but don't over buy and left nothing for your daily.
You might stuck there, but don't stop there. ☺
thank you for sharing, and great advice! ☺️ all the best with your goals and dreams!
"I am deep into this adulting thing and no one else but me is responsible for my life and my decisions". I am in my late 20s and indeed i did not realise that I am a stale graduate too. Thanks for sharing your super detailed breakdown!
You are really an inspiration and motivation to many who struggle! Your content is wholesome and real Singapore situations. Unlike all the bragging and high life. I like how you didn't have a good situation but you turned it around and work hard to achieving your own flat and provided for your family.
As a final year university undergrad stepping into the workforce next year, I have followed you for quite some time and I really find your videos very useful, very well thought advice too, thank u so much for sharing!! Have a great year ahead and let's all work hard towards our goals and not forgeting to enjoy life as well :)
I like that you speak well with a neutral accent. I struggle with most Singaporean contents that feature hard to understand broken english. Thx.
Rooting for you, Lisa! Thank you for bravely sharing your journey with us.
Thank you for sharing! Love how you're adding the new artwork to your videos ❤
love the authentic and raw breakdown of this, Lisa! Keep up the great content (:
Reserved this as my most inspired video for 2024... I'm also at the age of 27 by this year, 3.5 years worked, now looking for a fresh start in Singapore.
I think I am at the age that consider more on my life goals, a lot of gives and takes are expected in this year.
Hope I can be a better self compared to previous year. 🎉
Thank u for this its so useful!! Been watching your videos for a while and I really appreciate your transparency ❤️
Keep up the good job! Personal Finance is a slow and steady process, It’s like exercise, it’s simple but not easy to do.
i love how down to earth you are!
Looking at you plan reminded me of my younger self. I'm 36 now. I've stopped tracking every expenses. But I keep the same spending habit, stay prudent and stay invested. You'll do well, Lisa.
Great video! Happy New Year and I hope the best for your career and personal life.
thanks from a 35yo ah zek. bought a place and the balance sheet helps alot. went on to create a 2yr budget for my upkeep costs.
I was at the fall out boy concert too but didn’t manage to hear this wisdom bomb that Pete said. Good job on adulting! You are doing great
i chanced upon your video and i think your video is very inspiring and motivating. thank you for all the tips and even sharing your excel sheet. Wishing you a blessed 2024 and all the best for your future! God bless!
long awaited yey !! thankyou Lisa !!
Excellent, love your videos
Hi Lisa, great process in your journey!
Mortgage fully payable by CPF is a very prudent way to approach home loans
Happy for you =) and chat soon
Happy on your progress!
This is great content, thanks for sharing 🙏
Commendable progress and discipline in budgeting. While it is good and important to know where you're spending, do not be too rigid, calculating down to the last dollar. You only have 1 life so while what you're doing is a good practise, life wont be too enjoyable if you're forcing yourself to follow too strictly. Don't stress yourself unnecessarily. Use your budgeting plan more as a guide to the correct direction. Spend more of your energy learning how to invest to get better, safer returns, or making more money.... rather than tweaking your budget allocation to the few dollar changes here & there. (Unless you're living just from paycheck to paycheck or your salary barely make ends meet... which is not the case) 😂
May I ask, Is your side hustle UA-cam revenue ads? Or are there others? Thanks for your videos. They help in motivating and educating me to track my financials!
Great illustration Lisa!
it's from Open Peeps!
This is a great budgeting video. Keep it up. One thing that doesn't outline in the video is surrounding the tax rate? The other thing that is probably worth a deepdive is using the CPF for mortgage vs take home pay for mortgage. On paper, that looks like a no brainer but ultimately, you are sacrificing the retirement fund here. What does the investment return look like with your take-home pay vs return in CPF, and not forgetting about the value of the snowball effect in CPF as well.
Thanks Lisa for the video
hello! i'm in the same boat where i don't qualify for integrated shield plans, so i have to stick to my current field for the medical benefits. i have multiple health conditions and i am 30F 😅
not sure if this is helpful but my strategy is:
insurance:
1. accident plan - no medical check needed.
2. cancer plan. also no medical check needed.
healthcare:
1. stick to public healthcare. they are still quite reasonable, and even as a private patient in a public healthcare system is reasonable.
2. if you need to see a private dr for outpatient consults and is a very patient person, find one who can give you a prescription instead of collecting medication at the clinic itself. collect the medication at a public hospital (TTSH doesn't accept). it will be a long wait, but you save 30-50%.
3. medishield life do cover quite a fair bit when you stay in class c/b2!
thanks for sharing with us your budget!
thank you for sharing this! it's very helpful and very needed for me 🧡
Hi Lisa, I have been using the sheet you created for my budgeting. Thank you!
Congrats! For 27 years old, salary at 4.5k is good. Care to share any variable bonus or AWS included in your salary package?
You're amazing!
Thank you, Lisa. I can't believe I wasn't subscribed to your channel since I watched some of your videos sharing about the challenges you have faced in life with your housing and financial situation. You present your materials well and have a captivating voice, hope your channel and side hustles continue to do well as you progress in your career in this new industry you embarked on. Earning what you earn at age 27 is a relatively good amount, perhaps you could look at the median income at your age group and know that you're not doing too far off from peers of your age group, but such comparisons does remove the little fun things in life yet it is hard not to do so since we live in Singapore. I am really happy for you since you made the best out of your situation, I read this somewhere before, we can't choose the cards we're dealt with but we can choose how to play them, and you have been playing them well thus far. Continue the good work and don't give up! p.s. maybe I am suffering from some crisis cause I don't think I should sound this old. Oh and "Boys Like Girls" is coming to Singapore (I didn't go for Fall Out Boy cause budgeting right? LOL), it's really hard to give concerts a miss just for that reason.
Oh and perhaps you might want to look into Critical Illness coverage, I am not an agent but as a laymen/consumer myself, it seems like you should consider it.
Happy budgeting ❤
You inspire me!
I am 14 and I find this quite nice
You have a great methodology and discipline. Everyone should be learning from you. However, I would strongly advise that you focus your energy on increasing your earning power. This will solve alot of your current issues and propel your investment journey multi fold. I’ve been through your journey and can share a similar experience. Think exponential instead of what is a linear acceptable trajectory. The older you get, you’ll be surprised to find that the pay gap is so unequal today even amongst people of the same age. Spend your energy to find the right job and company. you can easily double your salary within 3-4 years in Singapore. Today, 4500 is no longer a competitive benchmark with inflation. You can definitely demand more with how smart you are.
Agree with you on this point. Can see that she is mature and methodical in her thinking, another 4 yrs of work experience in her field, she be only 31, with substantial 8yrs of experience… I see the earning potential in her in her prime years to definitely double this pay now, especially in Singapore, it’s not difficult. Just have to devote enough attention to her career, be on the lookout for better opportunities as they come. Investment in own career at this stage will pay way more returns than any other savings or investment.
Hi Lisa! Thanks for your insightful sharing. Just wondering if bonuses are included in the pay figure you showed? :) thanks a lot!
Such an interesting and informative content ❤ thankx a lot!
Curious to know what is your yoga studio because the membership is so affordable 🤭 mine is $200/month and I thought it was already on the cheaper side 😅
You're like V-power to everybody's gas. Thanks! :)
Possible to share any recommendation for side hustle in view of rising cost of living?
You can consider putting your money and salary credit in uob one or ocbc 360 instead
i've heard of those, but i prefer DBS multiplier :-) it suits my needs better!
Hi Lisa, few questions. Have you ever thought of using other credit card apart from DBS to max out the benefits such as cashback/miles? As of investment, instead of StashAway, what about endowus ?
Hello Lisa. We like to know if you have aws and variable bonus in new company that can also help to increase your savings?
Hi Lisa, if you don't mind/able to, could you share what job/industry are you currently in?
Hi Lisa, can I check what food do you eat on a daily basis that amounts to $200 per month only?
It’s like even if you eat budget meal from kopitiam everyday it doesn’t adds up.
Hope you can provide some clarity!
Nonetheless, great job so far!
actually my food budget now is roughly $550 per month, including approx $150+ from my joint account with my partner! it’s never been $200, except during WFH / when i was a student 😅
i think when i mentioned in earlier budgets that my food spending is around the $200 range (just in my last budget video, it was $250), it’s not a budget for every single meal that i eat in the month. it’s only food that i pay for myself - so this doesn’t count days when im eating home cooked meals (and if the groceries were bought by my mother), or eating dabao-ed meals given to us by our extended family.
Hey Lisa! I've been thinking how to categorise my spendings and savings as well and was wondering if there's a specific reason why you consider the travel fund under savings? It's also essentially a sinking fund since sgeans usually go on holidays every year and it does sound like you're also prioritising that, and the medium-term sinking fund & travel fund is excluded from net worth.
great question! i would say the categorisation of these funds is really up to you and how you organise them comes down to personal preference.
personally, even though the Savings and Investments category seem to have a lot in common, i think of my Investments category as separate from everything else. so the 20% i put into investments is really a Do-Not-Touch category of money.
whereas for Savings, i think of it as money that is not meant to be spent right now (in the month), but for a later goal. it's like "delayed gratification" kind of money. arguably, Family Fund and Medium-term Savings is also a sinking fund, but their timeline is much much later. so i agree, there's overlap with Wants as well, but I choose to categorise it as Savings!
of all my categories (needs, insurance, wants, savings, investments), the categories that are my non-negotiables would be Insurance (cannot exceed 10%) and Investments (cannot fall below 20%). everything else can move around within their allotted percentages.
hope this helps!
Hello! Thank you for sharing the video, just out of curiosity, how do you juggle social events and going out with friends in your budgeting? Is it under sinking funds?
it depends, but generally every expense goes in the respective categories they belong to. so dinner with friends goes under my food budget, movies with friends goes under sinking funds, etc. my monthly budget should take into account these social activities anyway, and if i find myself short, i will reassess my budget the following month to expand the amount allocated to these categories. hope this helps!
this is useful:)
Not financial related but just wanted to know what Language Class do you go for?
damn, your career growth is very nice to see. I am turning 31, and still earning below $3k and living with my dad only. So many fears at this age regarding health.
My i know what is your job?
Personally, I would channel more cashflow into clearing debt(refering to student loan) before sticking them into investments. but i suppose that depends on your debt interest rates and expected projected investment returns. would be keen to know your decision process for balancing the 2. Appreciate your sharing.
my student loan has 0% interest until end-2024 :-) i also have the remaining loan amount saved up in a fixed interest deposit. so i'm making minimum monthly payments until end-2024, and then i'll pay it off in full!
wow nice arrangement!
Happy on your growing pay check!🎉❤
thank you! 🥰
Hi Lisa, just wanted to share some thoughts here. I will like to suggest that you may look into your transportation spending to see if it is better to use the monthly concession ($128) in case the actual cost exceeds this amount. So it’s better with the concession.
Next, I agree with you that adulting and financial planning is a marathon. It’s important to keep us motivated to stay on track with our goals to not deviate from it. So I feel that it’s equally important to treat yourself well with the things you like while achieving the financial outcomes.
Thank you Lisa for your sharing.
yes i've heard of the transport concession! will definitely take it into account if ever my public transport costs exceed $130.... but hopefully not haha.
thank you for your kind words
You so smart 😊
❤
Can you share your side hustle??
Hi Lisa, may I know how can I signup spotify with a yearly $36 subscription. Thanks.
I can't recall if you have mentioned in previous videos, but how did you get Platinum Grab and Shopee Gold status?
i used grabpay once to pay off a big ticket item ($3000+), and i also buy a lot of heavy household items from shopee supermarket so i eventually reached gold status 😅
How much is your emergency fund? You need at least a year of expenses. Your budget cuts it tight. If you lose your job today (esp last in first out) you are screwed. My take is to cut out all wants inc holidays and save at least 1 year (ideally 2) worth of emergency funds before resorting to wants inc holidays
Any reason for your switch in holiday fund from StashAway to GXS?
GXS is a regular bank account, while StashAway Simple Plus is a cash management account! it's just for ease of withdrawal of funds. with any cash management account, it always takes a few days for the money to be liquidated and transferred back to your bank account.
whats ur side-hustle? i am little curious about that. jiayou
Please share your experience on extra income part. I hope I can increase income too, thanks
Can I ask what job sector u work at and how did yr income keep increasing
Anyone know if the front-end industry is doing well? Currently earning slight below 3k at late twenties looking for skill change
For transport, unless you take unusually many trips, I don't think will need $120? But if you really will reach this amount consistently then maybe consider buying the adult monthly ticket.
Yes $128 per month and you become King when taking public transport. No need tap out and immune to fare increases (for now).
can you share what side line you are doing to generate the $500 every month? cos i been wanting to do a sideline but dont know what to do.
Moomoo trade
Hi mind to share what industry or what jobscope are you in ? private company or government company ?
Why GXS bank for holiday funds if I may ask?
GXS is a bank account, which i prefer to use to keep my holiday fund (instead of a cash management account like stashaway simple plus, or syfe cash plus). and the interest rate (currently 2.68%) is not bad! i prefer bank account because for travel expenses, usually you need to withdraw quite frequently in order to pay for flights, accoms, etc.
4100 pay that’s good..
I was earning 2750 when i was 27 lol
Wait, isn't take home salary for a $4500 salary $3600?
Yes + her side hustle income of $500 = total take home $4100 :)
I’ve got to learn from you , I always wonder where does my $10k monthly income goes and I’m in my 30s 😭
I have to ask - how are you paying only $10 for Netflix and $3 a month for Spotify? Some kind of long-term promo? I see that you also sprung for the family version of UA-cam premium. A tad pricey, but you once you get used to an ad-free experience, you can't go back.
i'm on family plan for all these services!
@@LisaAdultinginSingaporeI am too, but I am the one paying for everything. 🤪
I am doing better than you but already complaining and having existential crisis 😢