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8 essential budgeting tips for young adults

8 easy budgeting tips

1.

Set goals early

2.

Start saving as soon as possible

3.

Use the 50/ 30/ 20 rule when budgeting (50% for your needs, 30% for flexible spending, 20% for savings)

4.

Set up a dedicated bank account for your savings

5.

Maximise returns on your CPF savings

6.

Look for ways to cut costs

7.

Focus on income, not savings

8.

Keep your debt in check

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