Today's case study is someone with $7,200/m income but has not saved up much yet. There are goals coming up soon such as marriage and possibly migration. Question: I have little to no savings but I am looking to get married in 2-3 years time and migrate overseas to where my fiancé is. My fiancé on the other hand had just switched career and thus doesn’t have much money. I recognise that wedding, marriage, migration are all huge expenses and I am very worried that I won’t have enough to tide through. I have began some budgeting but I feel lost and I don’t know if I am going in the right direction.How can I save better so that I can fund my 2-3 years life milestone?What can be done financially? Is it too late to save up?Details on personal finance situation- Around 30yo with take home pay $7,200- Single and engaged & also exploring migration- Fiance has not saved up much yet also and may be furthering studies- $900/m in savings plans and $400/m in insurance plans- $1,300/m to family- Personal expenses of $2,000 (Of which $500/m is on grab)- Net savings about $2,600/m recently achieved from cutting back on food, transport and shopping cost of which $500/m is towards investmentsHOW TO BREAK THAT PAYCHECK TO PAYCHECK CYCLE1) Track your spending - what is fixed cost what is variable cost2) Create budget – LIMITATIONS. Instant gratification3) Be accountable to someoneOPEN THE DIALOG OF BORROWING MONEY EARLYCheck if possible to borrow from family and be transparent about it. Don’t wait until last minute.As a couple be transparency about your money. Start a joint account. How much can we contribute. What are our dreams? Why are we making sacrifices? What rewards are in for us?#personalfinance #savingmoney******✅ WANT TO HAVE YOUR QUESTIONS ANSWERED? Drop a voice mail bag to JOSH here =) https://www.theastuteparent.com/the-josh-tan-show/👏 Catch this episode on YOUTUBEhttps://youtu.be/fU5oH7Y0P8oSupport the show

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