How To Save For Your Future

How To Save For Your Future

Saving money for the future is something that we should all try to do, but it isn’t always easy. Having money and spending it is fun, and makes us feel good, so it can often feel better to spend rather than save. 

However, if you can save as much as possible (while still allowing yourself some ‘fun’ spending money), you’ll be glad of it in the future, whether you are saving for your retirement, or for a vacation in the next few months. If you do want to start saving, here are some ways to do it.


Saving for your future is a long term goal and should be started as soon as possible; the earlier you start to save, the more money you will have, plus it will become easier over time as you won’t miss the money you are putting into savings. This means that investments can be an ideal way to not only save but make money along the way too.

Investments are also a long-term way to save money, and if you start as early as possible, by the time you need the money, you should have been able to amass a good amount in your portfolio. If this is the route you want to take, make sure you speak to a trusted broker to determine how to invest and what to invest in. There is a lot of choice. Investing in cannabis can be a good way to get started, as CBD oil stocks are becoming more popular. There is also forex investing, gold and silver, even bitcoin. With so much choice, speaking to an expert is the best first step.

Buy Property

Property is another form of long term investment which can be exactly what you need as you grow older. If you buy as early as possible and hold onto the property – either through living in it or renting it out to tenants – then you can have paid off the mortgage by the time you need to do something with the property to give you a boost in funds.  

At this point, you will have a number of options:

  • Rent the property out and use the rental income to fund your retirement or savings
  • Sell the property for a large lump sum
  • Re-mortgage

Whatever you do, you will find that if you have waited long enough and continued your monthly payments, you will have a good amount of money either as a one off or on a regular monthly basis.

Open A Savings Account

Opening up a savings account is a good thing to do, and it will remind you to put money into it when possible. Set up a monthly direct payment so that you are saving from the start – over time you can increase this amount, depending on your situation. You can also top up this money with extra payments when you can.

One way to do this is to sell anything that you no longer need, whether that is clothing that doesn’t fit anymore, old ornaments, pieces of computing equipment, or anything else. Use an online auction site or host a garage sale, for example, and put all the money you make into your savings account. This will soon add up.

14 Apr 2019
Singapore Expats

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Re: PR through Chinese nationality or highest earner?

You can’t hear tone of voice when you read text on the internet anyway. HPforlife’s post was hardly “passive aggressive” to me.

I knew a PRC Chinese with a PhD who failed to get PR and she applied twice in 4 years. She left for Canada and is on track to get Canadian PR now. So it isn’t .....

Posted in PR, Citizenship, Passes & Visas for Foreigners

Re: PR through Chinese nationality or highest earner?

I have done quite a lot of research - and not just on these forums. I did not state that nomad's situation is like mine, merely stated that race (or nationality as was implied) was more important than earnings in some cases, since as .....

Posted in PR, Citizenship, Passes & Visas for Foreigners

Re: PR through Chinese nationality or highest earner?

Thank you for bringing forth another example of such a situation. This goes to show that race could be a more important factor than earnings.

Hi OP. Had you done .....

Posted in PR, Citizenship, Passes & Visas for Foreigners