just wanna ask you guys, ideally how much % should I be saving? about to start work soon in the later half of the year.
net income after EPF : 4450
deductions
Parents : 1000
Food : 600
Car Loan, Petrol & Misc : 1300
Phone : 100 (2 phones)
--
Balance : 1450 // ~30%
of which : 500 to build emergency fund
--
net savings : 950. ~20%
am i doing it right? Im not sure what allowances I can claim from the company and i havent account for insurance.
note:
-staying with parents.
-got some further side income from equities, but i try not to use that.
This post has been edited by teehk_tee: Apr 8 2011, 07:56 AM
Personal financial management, V2
Apr 8 2011, 07:55 AM
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