Couple Achieves S$100K Financial Milestone with Smart Saving Strategies: Here’s How They Did It!

SINGAPORE: A dynamic couple in their late 20s to early 30s, who recently welcomed a four-month-old baby into their lives, took to an online forum on Tuesday (Oct 29) to reveal their impressive journey towards achieving a S$100K financial milestone without adhering to a strict monthly budget.

In their engaging post, the couple shared crucial insights into their financial landscape, including their household income, the specifics of their S$100K savings, and their overall annual expenses.

“Hi all! We’re thrilled to share that we’ve recently hit the $100K mark as a couple,” they announced enthusiastically, hoping that their experience might inspire others.

Their breakdown revealed they belong to the ~60th percentile in household income, making approximately S$9.3K take-home pay each month, discounting bonuses. They detailed their savings allocation: a total of S$34K in standard savings accounts and S$66K invested in Syfe, including S$1K in Roblox (RBLX) and the remainder in Core Equity100.

Interestingly, their annual expenses are about S$70K, an amount they manage without a rigid monthly budget. Instead, they employ a more flexible approach by tracking their expenses meticulously. “We regularly dollar-cost average (DCA) approximately S$2K into Syfe starting from 2021. As our income grows, we plan to increase our investment contributions,” they added.

Both partners expressed gratitude for their partnership, noting that they share similar financial philosophies. “We don’t overspend, make it a point to live within our means, and possess a common risk appetite,” one partner mentioned.

The couple's strategy sparked a vibrant discussion in the comments, where many users congratulated them and asked questions about their methods. Remarks like, “Congrats! I’m also working on hitting our first $100K,” resonated with others in similar financial journeys.

One commenter praised their teamwork, saying, “You’re on the right track; the key aspect is your unity in pursuing the same financial goal.” They also reminded the couple to ignore critics who may suggest alternative strategies. “Saving for the future isn’t about strict perfection—it's about developing healthy savings habits. Keep it up!”

Their success highlights a crucial truth about financial partnerships: couples must align on financial decisions. According to financial experts from Investopedia, transparency and communication are essential when managing finances as a team.

Whether it's coordinating bank accounts, spending habits, or savings strategies, harmony in financial matters is a cornerstone for any relationship. This couple's story stands as a testament to how shared values and spending philosophies can lead to impressive financial achievements.

Stay tuned for more inspiring financial stories, and remember: a strong partnership can pave the way to a secure financial future!