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cocobobo

Alfrescian
Loyal
from expatsingapore

(oh yes they're expats)

Re: Is 5500 SGD per month good enough for me?
« Reply #24 on: Today at 01:07:56 am »

I came to Singapore at age 25 earning 5K a month in 2005. The money was more than enough for a bachelor sharing a 5 room HDB apt with 2 other bachelor friends whom I knew from India. I always had enough to go out for parties at CQ, trips with friends, the odd date now and then(unfortunately few and far between) and yet save 2.5 k a month. Of course rent and cost of living were low.
Difference between my life in India and Singapore, were that I had more money to spend, but in India at 25% of the salary I could afford to get someone to cook for me, someone else to clean the house and do the laundry and a third person to wash my car once a week.

Fast forward to 2011, I make just under 6.2k. I'm married and my wife is unemployed. I am still renting an HDB, but the smallest possible configuration.

Taking a PR was the biggest mistake. Company reduced my salary by the amount they need to contribute. On top of that employee contribution from my salary.

Now I barely save 1K a month, that too by penny pinching to an extraordinary degree. Barely going out. Travel only by bus/MRT. No cabs for personal purposes. Eating out means at the food court. Only 1 trip a year and that too back home to visit our parents.

My college friends in India (in the IT industry) earn roughly around 3.5k to 4k in SGD terms. They live in posh apartments which they own(still have to pay the mortgage). Have servants, can afford to take vacations to places like Phuket, Bali, Egypt, Dubai and are basically enjoying life.
So my new year resolution is to leave Singapore by the middle of this year and try to get a job in India to chase the Indian dream. My singapore dream has turned sour in the last 3 years.

So the point was.... 5.5 K is not enough for an Indian family living an upper middle class life in India. 3K SGD will go a long way in India. Its only just above penury in singapore.
 

KNNBCCB

Alfrescian (Inf)
Asset
Q: You are trapped in a pithole with a revolver, an Ah Neh and five poisonous snakes. What do you do?

A: Shoot the Ah Neh six times.
 

KNNBCCB

Alfrescian (Inf)
Asset
u got no bullets wat! ... shoot wat? ... :confused:

Whenever i fell into the pit hole, I will be given 6 bullets.
Yup. No more no less. only 6.
I will use it wisely and fully utilize it to the max.
And that was what i did !
Shoot the Ah Neh 6 times. :rolleyes:
 

Glaringly

Alfrescian (InfP) [Comp]
Generous Asset
Taking a PR was the biggest mistake. Company reduced my salary by the amount they need to contribute. On top of that employee contribution from my salary

I don't understand here. A non-PR earning $5k does not have to contribute to CPF? Employer and employee??

If not why did he say that?

:confused:
 

KNNBCCB

Alfrescian (Inf)
Asset
I don't understand here. A non-PR earning $5k does not have to contribute to CPF? Employer and employee??

If not why did he say that?

:confused:

Only PR must contribute to CPF.
Work Permit or EP or watever Pass need NOT contribute.
Both employer and employee need NOT contribute.
 

Glaringly

Alfrescian (InfP) [Comp]
Generous Asset
Only PR must contribute to CPF.
Work Permit or EP or watever Pass need NOT contribute.
Both employer and employee need NOT contribute.

I see. Thanks.

Singapore law regarding foreigners working here is rather confusing.
 

cockie

Alfrescian
Loyal
Q: You are trapped in a pithole with a revolver, an Ah Neh and five poisonous snakes. What do you do?

A: Shoot the Ah Neh six times.

No need to waste bullets on the Ah Puh Neh Neh, just shoot in between the eye once and make sure the bullet screw up the whole brain. Confirm sure die.
 

Watchman

Alfrescian
Loyal
My college friends in India (in the IT industry) earn
roughly around 3.5k to 4k in SGD terms. They live
in posh apartments which they own(still have to
pay the mortgage). Have servants, can afford to
take vacations to places like Phuket, Bali, Egypt,
Dubai and are basically enjoying life.
So my new year resolution is to leave Singapore
by the middle of this year and try to get a job in
India to chase the Indian dream.
My singapore dream has turned sour in the last 3 years.

More to come Singapore will campaign no going out
and no spending day each and everyday to make
properties go sky high and cars unreachable . And
at the same time business owners to suffer in their
darkest periods in the history of Singapore .
They will sell their cars and homes .
We should let FTs spend and support every service industry . Lets see it's strong enough ?


If you sick of the system . Do it today !
 

BusNo64

Alfrescian
Loyal
More to come Singapore will campaign no going out
and no spending day each and everyday to make
properties go sky high and cars unreachable . And
at the same time business owners to suffer in their
darkest periods in the history of Singapore .
They will sell their cars and homes .
We should let FTs spend and support every service industry . Lets see it's strong enough ?


If you sick of the system . Do it today !

Selling-Your-Car-Text-Col.png
 

Coolsaint77

Alfrescian
Loyal
I don't understand here. A non-PR earning $5k does not have to contribute to CPF? Employer and employee??

If not why did he say that?

:confused:

From his write-up, it appears the company reduced his salary for the employer's share of contribution. Confirm cheapo ah neh or chinamen company.
The other possibility is, the company realised ah neh need to be discounted in pay, for the amount of skiving they partake. Furthermore he blamed the high cost of living for his own stinginess. All ah nehs are stingy, it has nothing to do with cost of living.
 

garlic

Alfrescian (Inf)
Asset
The difference is this Indian shit can choose to go back to India anytime he wants. Singaporeans cant.....
 

cherylfoster

New Member
Whenever i fell into the pit hole, I will be given 6 bullets.
Yup. No more no less. only 6.
I will use it wisely and fully utilize it to the max.
And that was what i did !
 

no_faith

Alfrescian (Inf)
Asset
"I always had enough to go out for parties at CQ,"

knn cake leng, go simi party? go n boast ur fucking status to spg issit?:oIo:
 
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