UPDATE: 02 JUNE 2020: From 1 July 2020, OCBC will make changes to their 360 account due to the low interest rate environment we are currently operating in. You may find out more here.
Just graduated? Make these 7 money moves now.
Love your work!
Thank you wokesalaryman ! Well explained and great art 🙂
thank you for the wonderful explaination that how to spend and how to save.
Hi, in regards to the passive investment of $500/month into STI, is it a long term or a short term investment?
Also, is your $500/month investment handled by your bank or yourself?
Thanks for the article!
Hey my friend, $500 per month is a regular savings plan under OCBC. It’s a long term investment.
Hi all,
My take is that it’s best not to take any debt. This will deviate from the normal route. It’s up to one to decide the appropriate path which makes sense to his/her values.
WTK
Wow, this post really hits the nail on the head for fresh grads! I love how you broke down those 7 crucial money moves – super relatable for us in the sandwich generation trying to balance student loans and family responsibilities. Starting with setting up an emergency fund and tackling those debt repayments is so important. I also appreciate the part about investing early; like you said, time is our best friend when it comes to compounding interest.
But here’s a thought – what’s the one financial habit you think every millennial should cultivate right now, especially with all the pressures of adulting and caring for family? I ask this because there’s so much noise out there about money management, and it can be overwhelming. I think narrowing it down to one habit might really help us focus our efforts in this chaotic landscape!