How does it feel to earn 10k per month? (after CPF)

[Evil_Boss]

want eat what can eat.
go where can go.
buy clothes, shoe no need think.
buy car no problem
holiday 6x a year, no problem

 

[Lss]

I know this couple. The husband lah.

Husband and wife combine income is I think about $11k.

Two daughters (both less than 5yo), a 2nd hand car. and a BTO.

Still not enough, then go landed himself in debt. A few banks suspended his credit cards.

Jialat.

11k how to own car. He dug his own grave.

 

[Balian]

Struggling

 

[askxyz]

EDMWer 20K leh.

 

[radish]

often as our earning capacity increase our liabilities, commitments and responsibilities also increase.

sg do have a lot of poor strugglign ppl but the definition of poor range from ppl who earn little to ppl who earn a lot but also spend a lot.

it doesnt mean someone who earn a lot means theres excessuve disposable income to spend.

its always said sg have a lot of rich poor ppl, if their income stop within months their lives will collapse.

 

[dereth]

11k how to own car. He dug his own grave.

2nd hand. The COE had a few years left. He just recently disposed of the car.

I think they agreed to get so that they can ferry their daughters to childcare or something.

If I remember correctly, the first daughter went to a $1k or $2k per month childcare. I assume the 2nd daughter went to the same. So... quite jialat.

 

[Lss]

2nd hand. The COE had a few years left. He just recently disposed of the car.

I think they agreed to get so that they can ferry their daughters to childcare or something.

If I remember correctly, the first daughter went to a $1k or $2k per month childcare. I assume the 2nd daughter went to the same. So... quite jialat.

This is really overestimate their capabilities but hope it's worth it. With luck the foundational years in a good place does have an impact.

 

[DB123456]

The tax is painful (of course)

 

[sg_lancelot]

Will feel poor

 

[thenewguy]

Not enough, every month after paying off everything left a few hundred only..

2 kids, car (fully paid) and 3 bedder condo and 1 helper..i now rent out my condo to help with expenses..

SG is a very expensive place to live. I dont know those earning less than 10k how they survive.

 

[Lss]

Not enough, every month after paying off everything left a few hundred only..

2 kids, car (fully paid) and 3 bedder condo and 1 helper..i now rent out my condo to help with expenses..

SG is a very expensive place to live. I dont know those earning less than 10k how they survive.

You rent out 1 room?

 

[Potato_Wedges]

If u r financially savvy, can retire in mid 40s with $10k/mth.
Of course...single & bto fully paid.

 

[thenewguy]

You rent out 1 room?

no the whole unit. We stay with my parents now ..they want help look after my kids as they are retired so its sort of a win win for them and us

 

[enimen]

Some greedy humans earn 20K will want to live a lifestyle that is equivalent to 20K

End up not much saved and YOLO

 

[jumpthepig]

as aboves
so much disposable income

Cai png add one more meat… Don’t think so much, 10k p/m is not rich.

 

[jumpthepig]

Some greedy humans earn 20K will want to live a lifestyle that is equivalent to 20K

End up not much saved and YOLO

Yes, don’t need to save… he is waiting for inheritance… his old man HDB or properties can worth above million.

 

[DigDub]

Diminishing returns of songness.

 

[Money no have]

Yes… he is waiting for inheritance… his old man HDB or properties can worth above million.

Nowaday see many young couple won bto lottery, instantly become bto millionaire liao lor

 

[mooseolly]

Edmwers 20k also struggling, not to mention half of it.

 

[jumpthepig]

Nowaday see many young couple won bto lottery, instantly become bto millionaire liao lor

Plus inheritance… both can retire before 40s …还要上什么班?