Elementor #16969 - The Woke Salaryman:

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Key in your monthly take-home salary (after CPF contribution)

Monthly take home salary

Emergency savings

6 months of salary

Rounded up to the nearest thousand

Where to stash your emergency savings?	Options
Bank High Yield Savings Account	High liquidity, 1 - 3% interest
Insurance Savings Plans (without lock-ins)	Mid - high liquidity, 1 - 2% interest
Robo Advisor Cash Management - Safe Option	Mid - high liquidity, 1 - 3% interest

Amount to invest

Based on the 50/30/20 rule (50% needs, 30% wants, 20% savings)

	Monthly	Annual
50% needs
30% wants
20% savings
Amount invested*

*Amount invested is rounded up to the nearest thousand from the annual savings amount

Where to stash your emergency savings?	Options
Robo Advisor Cash Management - Higher Risk Option	Low - Mid liquidity, up to 4.8% interest long term
Managed Portfolio	Low - Mid liquidity, > 4% interest long term
Singapore Savings Bonds	Liquid, safe returns

Amount deposited

Highest Returns

Bank High Yield Savings Accounts*	UOB One Account	OCBC 360	SCB Bonus Saver	DBS Multiplier	CIMB FastSaver
Total Guaranteed Returns*

DISCLAIMER : Most high yield saving accounts offer bonus interest if you have a deeper banking relationship with them. The rates reflected here are based on the assumption that you hit the following criteria:

- Use their debit/credit card and spend at least $1,500/month

- Pays at least 3 recurring bills from the account (e.g. electricity, water bills)

- Your bank balance steadily increases by at least $500/month

- Credit your salary of at least $3,000

Amount deposited

Highest Potential Returns

Insurance Savings Plan	SingLife Account	Dash PET by Singtel	Singtel Dash EasyEarn
Total Potential Returns*
Guaranteed Returns	-	-
Non-guaranteed/ Bonus Returns
Premium limits	From $500	From $50 to $50,000	From $2,000 to $20,000
Lock-in period	None	Lock-in of 12 months For 1st policy year, max withdrawal amount is 10% of single premium and top-ups.
Important policy terms to note			This rate is for the first year only.
Notes	1.5% p.a. on your first $10,000 , 0.5% p.a on your next $90,000	1.6% p.a. on your first $50,000 for the first year only	Enjoy additional premiums with additional top-ups. This calculation is based on a single one-time premium payment only.

DISCLAIMER : Most insurance savings plans offer bonus interests if you take up additional insurance products with them. The rates reflected here are based on the assumption that you want to save your money with them only, without any insurance.

Amount deposited

Highest Potential Returns (Lower Risk Option)

Highest Potential Returns (Higher Risk Option)

Robo Advisor Cash Management Options	StashAway Simple™	StashAway Simple™ Plus	Syfe Cash+	Endowus Cash Smart - Secure	Endowus Cash Smart - Ultra	MoneyOwl Wise Saver	Tiger Vault
Projected Return Rate (after fees)	2.4%	4.1%	2.4%	3.1%	4.8%	3.68%	3.2%
Total Projected Returns
Account Minimum	$0.00	$0.00	$0.00	$0.00	$0.00	$10.00	$1.00
Notes	0.172% net fee by underlying fund manager, embedded in projected rate. Returns are based on StashAway Simple's projected rate. There is an alternative option StashAway Simple™ Plus with higher projected rates. This is a lower risk option.	Range of projected rate is 3.6 - 4.1% p.a	This is a lower risk option.	Fund-level fees and Endowus fees are factored into projected return. Endowus has 3 cash management options, with each option varrying in risk appetite and potential return. This calculation is based on the returns the Enhanced portfolio offers - the mid-tier risk option. Do note that Endowus Enhanced has a higher risk profile compared to the other options stated here, and you should evaluate if you're comfortable taking on higher risk for higher returns.	Fund-level fees and Endowus fees are factored into projected return. Endowus has 3 cash management options, with each option varrying in risk appetite and potential return. This calculation is based on the returns the Enhanced portfolio offers - the mid-tier risk option. Do note that Endowus Enhanced has a higher risk profile compared to the other options stated here, and you should evaluate if you're comfortable taking on higher risk for higher returns.	0.15% charged by fund manager, factored into price of fund This is a lower risk option.	*Yield projection is based on current market conditions as of July 2022

Amount deposited

Highest Potential Returns (Lower Risk Option)

Highest Potential Returns (Higher Risk Option)

Robo Advisor Cash Management Options	StashAway Simple™	StashAway Simple™ Plus	Syfe Cash+	Endowus Cash Smart - Secure	Endowus Cash Smart - Ultra	MoneyOwl Wise Saver	Tiger Vault
Projected Return Rate (after fees)	2.4%	4.1%	2.4%	3.1%	4.8%	3.68%	3.2%
Total Projected Returns
Account Minimum	$0.00	$0.00	$0.00	$0.00	$0.00	$10.00	$1.00
Notes	0.172% net fee by underlying fund manager, embedded in projected rate. Returns are based on StashAway Simple's projected rate. There is an alternative option StashAway Simple™ Plus with higher projected rates. This is a lower risk option.	Range of projected rate is 3.6 - 4.1% p.a	This is a lower risk option.	Fund-level fees and Endowus fees are factored into projected return. Endowus has 3 cash management options, with each option varrying in risk appetite and potential return. This calculation is based on the returns the Enhanced portfolio offers - the mid-tier risk option. Do note that Endowus Enhanced has a higher risk profile compared to the other options stated here, and you should evaluate if you're comfortable taking on higher risk for higher returns.	Fund-level fees and Endowus fees are factored into projected return. Endowus has 3 cash management options, with each option varrying in risk appetite and potential return. This calculation is based on the returns the Enhanced portfolio offers - the mid-tier risk option. Do note that Endowus Enhanced has a higher risk profile compared to the other options stated here, and you should evaluate if you're comfortable taking on higher risk for higher returns.	0.15% charged by fund manager, factored into price of fund This is a lower risk option.	*Yield projection is based on current market conditions as of July 2022

Your amount invested (in cash)

Most affordable robo-advisor

Most affordable bank managed portfolio

Managed Portfolios	StashAway	Syfe Wealth	Endowus	MoneyOwl	OCBC RoboInvest	DBS digiPortfolio	UOBAM Robo-Invest
Annual Fees					0.88%	0.75%
Total Fee Payable
Type of Portfolio(s)	- General Investing - Goal-based Investing - Income Portfolios - Thematic Portfolios	- Core Portfolios - Satalite Portfolios - Thematic Portfolios	- Endowus Core - Endowus Income - Endowus Satalite	- Dimensional - WiseIncome	37 portfolios	- Income Portfolio - Asia Portfolio - Global Portfolio
Account Minimum	0	0	0	Dimensional: $100 one-off or $50/month Wiseincome: $1000 one-off or $100/month	$138.06	$1,000	$1
Notes			Endowus provides trailer fee rebates

Amount deposited

Amount earned if held till maturity

Yearly returns	1	2	3	4	5	6	7	8	9	10
Interest	2.95%	2.95%	2.95%	3.25%	3.36%	3.36%	3.36%	3.47%	3.57%	3.63%
Amount earned