- Joined
- Oct 5, 2018
- Messages
- 17,804
- Points
- 113
Many people around me clocking over $10,000 a month by 40s, in civil service, private sector, banking, stat boards, medical sector, etc. The expensive car, higher interest rates for condos, tours don't really affect them.
It appears that $10,000 gross is just enough for a family of four,
$1300 for insurance/savings
$1700 for CPF contribution
$1000 for 2 kids' allowances
$1000 for 2 kids' tuitions
$2000 for car, petrol and maintenance
$1000 + CPF payment for home loan.
$1000 for utilities and groceries
$1000 for parents (of the breadwinner)
-------------------------------------------------
Total $10,000: Nothing Left
Preferably the wife should also be working, so that there are spare money for other expenditures and tours.
It appears that $10,000 gross is just enough for a family of four,
$1300 for insurance/savings
$1700 for CPF contribution
$1000 for 2 kids' allowances
$1000 for 2 kids' tuitions
$2000 for car, petrol and maintenance
$1000 + CPF payment for home loan.
$1000 for utilities and groceries
$1000 for parents (of the breadwinner)
-------------------------------------------------
Total $10,000: Nothing Left
Preferably the wife should also be working, so that there are spare money for other expenditures and tours.