'Continue living like a student when you first start working,' he further advised
Man who only spent S$500 monthly for 6 years says: “Don’t let your lifestyle inflate when you just begin working”
The man said that when he was a student, he lived on a budget of S$500 a month using his savings from NS. HeEven after graduating in 2021 and finding a job near his university, he shared that he still maintained the same lifestyle. He continued to eat the same food, take the same bus, and meet up with his friends who were still in school.
He then wrote at the end of his post, “I’m not saying this is for everyone, but in my view, living a minimal lifestyle for a few years after starting work is a great way to get the interest compounding started – after all, the earlier you save, the more time there is to compound the interest.
One individual added, “Things are getting expensive. You are probably not paying for a lot of daily household expenses hence your monthly expenses are on the lower side and you are on point in the aspect of living like a student when you do not need to pay for other things besides your own, which is fortunate for you.
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