Saving up for a rainy day is part and parcel of adult life. But financial literacy and learning how to make informed decisions about money isn't always a straightforward journey. Last Thursday (Sept 31), TikTok user Edrick_lie ponders aloud if the average graduate pay in Singapore is enough for one to live a comfortable life. He took $3,800 a month...
With 20 per cent of $3,800 already moved to the CPF account, Edrick was left with just over $3,000 to spend.
For transport, he set aside $100 for the "occasional" private-hire rides for when the option of buses or trains are not available. Since Edrick was providing a breakdown on a university graduate's expenses, a monthly outlay on school loans must be included as well. Given how stressful Singapore can be, entertainment expenses and saving for a much-needed holiday should not be overlooked.
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