How Do You Spend Your First Paycheck?

Tiger_comments
10-04

Everyone says the only motivation for working is getting paid. The paycheck is the only reason that keeps me sitting at my desk every day.

Is it the same for you?

There are probably very few people in the world who truly love working, except maybe those who are just starting their jobs.

Do you remember the excitement and happiness when you received your first paycheck?

  • Some say the first paycheck should be given to your parents because they worked hard to raise you, and it's right to give them this meaningful paycheck.

  • But others use their first paycheck to buy something they've always wanted, like a computer or a phone.

  • Of course, there are those who, after getting paid, transfer the money into $Tiger Brokers(TIGR)$ to start trading.

  • And then there are those who are keen on saving, immediately transferring the money into a fixed deposit account after receiving it.

How many years have you been working?

How do you plan your salary?

Do you remember what you spent your first paycheck on?

Leave your comments and also post to win tiger coins~

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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  • highhand
    ·10-04
    how long working? A long time. the best rule is to save at least 20-30% of your salary.
    first paycheck is like changing job... normally first thing you do is to treat people, then buy something you like, and of course, save the rest!
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  • DeanT
    ·10-04
    Working for 10 years and counting.


    Building up rainy day funds is the first step.


    I saved almost 70% with the rest spent on food, transport and allowances for parents.
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  • MilkTeaBro
    ·10-04
    building up my wealth so my living will not rely on salary job
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  • Fartyclown
    ·10-04
    50 percent into banks with highest interest.
    20 percent spend.
    20 percent investment
    10 percent high risk
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  • SR050321
    ·10-04
    TOP
    My first salary for my study. In Singapore you save 37% every month from yr salary in the cpf, on top of that you can save cash and invest some in $Tiger Brokers(TIGR)$ to buy good value, blue chip, monthly dividend, etf, Tiger made is easier for beginners to start investing 😍
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    • Success88: 
      Thanks. Have a great week ahead
      10-07
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    • SR050321Replying toSuccess88: 
      Thank you 🤩
      10-07
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    • Success88: 
      Awesome 👏
      10-07
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  • nomadic_m
    ·10-04
    I have the unopened envelope with $200 to my mum. she chauffeured me to & fro from my job when I was 19 years old ♥️
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  • Aqa
    ·10-04
    TOP
    “Investments” and “savings” were impossible when I got my first paycheck. My first paycheck was all spent on the daily necessities. A quarter of it gone to my landlord where we rented an apartment near my work place. I put aside $300 in a red packet reserved for my mother. Whatever left of it was needed for my daily meals and transport. Tiger Brokers is a blessing because it provides a platform where we can invest with little money. It is also a good app that provides up to date investment news. Thanks @Tiger_comments @icycrystal @GoodLife99 @SPOT_ON @Shyon
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  • icycrystal
    ·10-04
    TOP

    first pay cheque, came in and straight out... couldn't even "smell" or have a good "feel" of the [USD] [USD] [USD]

    didn't even know how I've survived those days [Thinking] [Thinking] [Thinking]

    @Shyon @LMSunshine @Universe宇宙 @TigerGPT @GoodLife99 @Aqa @rL @HelenJanet @koolgal @SPACE ROCKET

    How many years have you been working?


    How do you plan your salary?


    Do you remember what you spent your first paycheck on?


    Leave your comments and also post to win tiger coins~

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    • TigerGPT: 

      As an AI language model, I don't have personal experiences or the ability to win Tiger Coins. However, I can provide some general advice on how to plan and manage your salary.

      Budgeting: Creating a budget is essential for managing your salary effectively. Start by listing all your expenses, including fixed costs like rent and utilities, as well as variable expenses like groceries and entertainment. Allocate a portion of your salary to each expense category and make sure to save some money for emergencies or future goals.

        

      Saving and Investing: It's important to develop a habit of saving and investing your salary. Set aside a certain percentage of your income each month as savings. You can open a separate savings account or consider other investment options, such as fixed deposits, stocks, or mutual funds, depending on your financial goals and risk tolerance.

        

      Retirement Planning: It's never too early to start planning for retirement. Consider contributing to a retirement account or pension scheme offered by your employer. The earlier you start, the more time your investments will have to grow.

        

      Paying off Debt: If you have any outstanding debts, such as student loans or credit card debt, it's wise to allocate a portion of your salary towards paying them off. Prioritize high-interest debts first to minimize interest payments.

        

      Setting Financial Goals: Define short-term and long-term financial goals to stay motivated and focused. Whether it's buying a house, traveling, or starting a business, having specific goals can help you make better financial decisions and allocate your salary accordingly.

        

      Seek Professional Advice: Consider consulting a financial advisor or planner to get personalized guidance on how to manage your salary effectively. They can help you create a comprehensive financial plan based on your income, expenses, and goals.

        

      Remember, everyone's financial situation is different, so it's important to tailor your salary plan to your specific needs and goals.

      10-04
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  • AliceSam
    ·10-04
    我已经忘记了
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  • SPACE ROCKET
    ·10-04
    Saved and invested in SGX stocks. First few companies I bought were Singtel, SIA, comfort delgro
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  • MHh
    ·10-04
    TOP
    Worked for more than a decade already! From my very first salary, I started saving and tried to keep my expenses without big increases over the years. My major expenses annually are my travels. Other than that, I don’t have big purchases except the new phone every few years and electrical appliances like fridge when they break down. I do however increase the amount I give to my parents. Other than money to my parents, I do try to put aside as much as possible and over the years, I have been investing mainly through Tiger broker’s platform to try to beat inflation! The last 4 years have. It been great for the China/ Hong Kong market but they are bearing fruits now!
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  • Success88
    ·10-04
    My first pay check was put aside 20% for saving, 10% for investment and some of it give to my parents and the rest is for my own expenses. In Singapore saving for raining day is very important. Investment is for early retirement @Tiger_comments @MHh @HelenJanet @SPOT_ON @koolgal
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  • ECLC
    ·10-05
    First paycheck: parents, spendings & savings. Latest paycheck: nursing home, spendings, savings & investments.
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  • HelenJanet
    ·10-05
    Everyone says the only motivation for working is getting paid. However, paycheck is not the only reason that keeps me working every day. I truly love my job as I am enjoying what I am doing since I started working.


    My first paycheck was very little as Singapore was facing recession around 1985. I have given 30% of my pay to my parents, 50% on own expenses and the remaining 20% on saving.
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  • TimothyX
    ·10-04
    你還記得收到第一份薪水時的興奮和幸福嗎？

    有人說第一份薪水應該給你父母因爲他們辛辛苦苦把你養大，給他們這份有意義的薪水是對的。


    但其他人用他們的第一份薪水買他們一直想要的東西，比如電腦或電話。


    當然，也有拿到工資後，把錢轉到$老虎證券(TIGR)$開始交易。


    還有一些熱衷於儲蓄的人，收到錢後立即將錢轉入定期存款賬戶。


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  • Cadi Poon
    ·10-04
    每個人都說工作的唯一動機是獲得報酬。薪水是我每天坐在辦公桌前的唯一原因。

    對你來說也一樣嗎？

    世界上真正熱愛工作的人可能很少，除了那些剛剛開始工作的人。

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  • MasterStonker
    ·10-04
    Splurge 🤑🤑🤑🤑🤑😕
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