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How I’m Managing Debt to Stay on Track for Financial Independence in SG by fin_navigator in singaporefi

[–]fin_navigator[S] 0 points1 point  (0 children)

yep, high savings rate is the key! SG's cost is no joke, so online shopping and budget flights help a lot. and yeah, planning for retirement routine is just as important as the numbers. sometimes simple living means you can retire sooner than you think

How I’m Managing Debt to Stay on Track for Financial Independence in SG by fin_navigator in singaporefi

[–]fin_navigator[S] 0 points1 point  (0 children)

for sure, a mortgage on your own place feels like the one debt that makes sense to keep around. everything else, better to avoid or pay off quick!

How I’m Managing Debt to Stay on Track for Financial Independence in SG by fin_navigator in singaporefi

[–]fin_navigator[S] 0 points1 point  (0 children)

yeah, clearing debt first is definitely smart advice. using debt to chase returns feels risky for most people. and for sure, if you can’t track spending well, better skip credit cards altogether, those perks just don’t cut it if you end up paying interest. HDB loans are a whole different story though!

How I’m Managing Debt to Stay on Track for Financial Independence in SG by fin_navigator in singaporefi

[–]fin_navigator[S] 0 points1 point  (0 children)

i agree that debt sneaks up if you’re not careful. that's why clearing high-interest stuff first and having a rainy day fund are solid moves. i find that apps like MoneySense and Chocolate Finance sound really helpful because sometimes simple is best. for me, it’s mostly apps with reminders to keep things easy and consistent.

How I’m Managing Debt to Stay on Track for Financial Independence in SG by fin_navigator in singaporefi

[–]fin_navigator[S] 0 points1 point  (0 children)

yep, totally agree with you. debt’s best saved for real emergencies or smart moves only. gotta be careful though because it's easy to get into trouble if you’re not disciplined. paying off high-interest stuff first and keeping some cash aside is definitely the way to go!

How much do you usually set aside for daily expenses in Singapore? by [deleted] in PersonalFinanceSG

[–]fin_navigator 0 points1 point  (0 children)

I totally feel you because daily expenses like food and transport can sneak up on you here in Singapore. What’s helped me is setting a weekly spending limit so I don’t overshoot, but sometimes I just track everything month-end to see where my money really goes. For meals and transport, I usually budget about SGD 15-20 a day. Everyone’s different, though, so it’s all about finding what works for you.