Labourer not bad one, my dad also labourer, primary 6 only. Some people just stick to their old ways of living even after they got better. Not the issue of affordability, more to the issue or worth or not. I can never get my parents to agree for a 15RM Starbuck because they got used to drinking a normal kopi o and the 20 years old car they still keeping...

About the getting charged part, there also have monthly withdraw limit where if you withdraw too many times, you will get charged. UOB have more atms then POSB? are you sure?

That's different... your parents got money but CHOOSE not to spend. That's their prerogative and to be respected.

On the other hand, if I come to SG and live like a foreign labourer because I don't have enough money... I'd make sure I have a plan to improve my situation, otherwise... I rather not come to SG.

When you're just starting out,.. save. Save as much as you can. From the day I started working, my savings rate has never fallen below 60% of GROSS salary annually.

Saving is second in importance only to Salary. Make sure your salary is as high as possible, as early in your career as possible.

Once you have a decent amount, or have a salary that allows you to save a decent amount each month - invest. I'm a very unsophisticated investor. FDs, shares and only recently, property. That's it. I have no fancy investments.

And I have no fancy investment strategy. I have no time or energy to monitor and analyse. I invest and forget... so I just invest in shares in sectors I naturally understand well ie. 嫖賭飲吹. I basically bought one lot of Genting, BToto, Guinness, Carlsberg, BAT, JT every month or so (sublots for BAT) and increased the number of shares as salary got higher. All of them pay a high dividend, and have cash rich, unchanging/addictive long term demand, low fluctuation, low risk business models. Don't have to monitor , just collect the dividend cheques. Later on, I added on telcos as a sector because it has very much the same dynamics and I happen to be very interested in this field.

After 10-15 years, you'll be surprised how many shares you have accumulated and how much dividend you get regularly.

But don't put all your cash into shares. I'm naturally risk averse, so I built my FD balance to even off the risk. Now, I'm gradually converting some of that FD/cash into property.

Now... you can actually go into property early, instead of or on top of FDs and shares. If I had more knowledge or interest in the property market when I was younger... I would have bought property as well. I'd actually be earning more than I am now in terms of ROI (Return on Investment)... but the risk is that it is absolutely critical to choose the right property (in the beginning... you have only 1, very big, very costly bullet. And in property, there is no effective cut loss).

Thanks for the advise. I normally save 80% or more of my salary but whenever I spend,      .

In term of investment, I only invested small amount in MT and FD so far and both in Msia to get a grip of it. Looking into property now but most places seem overvalued now. SG, JB and back in Sarawak, property value keep increasing in paper value but resale value uncertain. Might look into bluechip investment for dividend.

But key point is still how much we can save, not how much we can earn 

Of course POSB has more, just that my company currently does not have a POSB account, therefore they're saying that its a bit more complicated & difficult to open an acc there? 

Probably going for OCBC as my company just issued me a letter

Thanks for the advise. I normally save 80% or more of my salary but whenever I spend,      . In term of salary, currently I would say I'm slightly overpaid considering my role/age.

Either you are well overpaid or really under spent. 80% or more saving is a rare figure.

very exceptional savings rate ...i must say

Generally it is 1/2 month fee for 1 year contract, 1 month fee for 2 year contract.

If your office is around Bedok, stay in Bedok. There's two supermarkets, multiple food courts, shopping areas, a small mall full of restaurants, basically you won't need to go anywhere else during the weekdays.

very exceptional savings rate ...i must say

what camera do you use? 

For me 80% is what I need to spend ... so how hight is my pay... 

Labourer not bad one, my dad also labourer, primary 6 only. Some people just stick to their old ways of living even after they got better. Not the issue of affordability, more to the issue or worth or not. I can never get my parents to agree for a 15RM Starbuck because they got used to drinking a normal kopi o and the 20 years old car they still keeping...

Too harsh for those freshies and people still struggling bah, but good advice always harsh to hear. Some may not like it.
Invest in PR, start saving for the house down payment and don't buy any oversea properties if you aiming for HDB.

I also cannot drink starbucks...
although i'm not that old

i think it's exorbitantly expensive...
i drink white coffee can de

Of course POSB has more, just that my company currently does not have a POSB account, therefore they're saying that its a bit more complicated & difficult to open an acc there? 

Probably going for OCBC as my company just issued me a letter

  can't stop envying those elites here with high pay

True, fully agreed. Starbucks price really exorbitantly       . Only go once a year when i got my year end bonus and just to have the 'feel'. Nothing special also.
OCBC also quite ok. Quite a number of ATMs. You could also get POSB together with your OCBC. Then do online transfer OCBC --> POSB.
deodorant masuk. Highest pay Malaysian banker in Sg.

this is so true.
compare to other country, i feel that sg elderly is the most pathetic.
look at how they work, do cleaning, kopi kia, mcdonalds.
they doesnt seem enjoy their work.
the are not 'aging graciously'.

When i go other country, for e.g in china, the old people go park in the morning, do taichi n dance, then go market talk2 with seller, go home cooking, slep, go back park play mahjong, sing and dance together till evening, go back home watch tv with big family.
looking at them i so envy,   feel want to retire asap.

but when i see old people in sg. alamak!  i will buy anti-aging pill and pause my age.

Either you are well overpaid or really under spent. 80% or more saving is a rare figure.

coz gov practices -ve income tax... if earn below certain amount gov give u $$$, if u dont work at all, gov wont give u anything... so they take the easiest task and make little so they can benefit from the topup 
for his position n jobscope not overpaid... but for his age and current commitments he has lots of balance..

he's under 30, making 5 figures already..    we must all strive to be like him 

   

my basic nowhere 10k/month la

of coz 20k/month is no where near 10k/month. that is double.

20k is my manager's salary 
my Pm is around >50k