What do you spend your salary on ?

[Hermit]

Other than essentials for everyday living, what big ticket things do you spend your hard-earned money on? Watches, changing cars, far flung vacations, good restaurant meals?

[miwashi]

paying student loan, saving up for cheap coffeeshop food, stocking up on food during NTUC sales, buy cheap watch from daiso etc

Originally Posted by Hermit

Other than essentials for everyday living, what big ticket things do you spend your hard-earned money on? Watches, changing cars, far flung vacations, good restaurant meals?

I spend most of my salary on gambling in the stock market.

Main expenses are the compulsory once a year overseas vacation.

HDB is paid from CPF, so it doesn't affect cash position. Car is fully paid up.

Been saving up hundreds of thousands, waiting for stocks and property to be cheaper before buying them en masse.

Originally Posted by Hermit

Other than essentials for everyday living, what big ticket things do you spend your hard-earned money on? Watches, changing cars, far flung vacations, good restaurant meals?

I spend mostly on up-market social escort and geylang.......

I spend around 8K average monthly on income tax, home loan, home expenses, wife expenses, car, kids education and holidays. Save around 7K monthly mainly in the form of cash and some in savings plan.

Originally Posted by Unregistered

I spend around 8K average monthly on income tax, home loan, home expenses, wife expenses, car, kids education and holidays. Save around 7K monthly mainly in the form of cash and some in savings plan.

sounds similar to me, but i am single 34year old, base 200k excluding bonus, save 7-8k a month

income tax - 2.5k a month giro
home loan - 1.5k a month (becos sor is so low now)
home expenses - electricity,water,hp,internet, groceries, qtr air-con maintenance, insurance - 1k a month
holiday - twice a year ard 12k in total to eat, sleep, fly, on average 1 k a month
toyota car - installment+petrol+tax+insurance+servicing - 1k a month
misc - give parents money, give ang-pows when attending weddings, buy cloths/apple products, eat out, social - 1 k a month.

If I have kids next time, I dont think I can save much every month (budget 2k a kid a month), only year end bonus.

[Hermit]

It looks that a monthly family expenditure for the essentials of 6-8k is quite common.

Age 27. Male.

Financial Services
Base Salary: $120,000

Monthly expenditure
Car Loan / ERP / Petrol / Season Parking / tax: S$1700
Personal + GF life insurance plans: S$600
Parent's allowance: $1500 (both parents not working)
GF + her parent's allowance: $1500 (help to subsidise cause they are retirees. GF unemployed)
GF university loan: $400
Brother's university loan: $400
HP bill + electricity / water expense: $250
Meals & other expenses: $1000 (Dinners mostly at home. Seldom go out)
Charity contribution: $300

Savings: $1500-2000+ per month (based on last 6 months average). Main form of savings come from annual bonus.

Last year bonus: $75,000
- Bring family and gf family to Perth for holiday. Spend about $20,000
- Year end festive shopping: $5,000 (includes buying household replacement items e.g. furniture/appliances)
= saved about $50,000 of my bonus.

Originally Posted by Unregistered

Age 27. Male.

Financial Services
Base Salary: $120,000

Monthly expenditure
Car Loan / ERP / Petrol / Season Parking / tax: S$1700
Personal + GF life insurance plans: S$600
Parent's allowance: $1500 (both parents not working)
GF + her parent's allowance: $1500 (help to subsidise cause they are retirees. GF unemployed)
GF university loan: $400
Brother's university loan: $400
HP bill + electricity / water expense: $250
Meals & other expenses: $1000 (Dinners mostly at home. Seldom go out)
Charity contribution: $300

Savings: $1500-2000+ per month (based on last 6 months average). Main form of savings come from annual bonus.

Last year bonus: $75,000
- Bring family and gf family to Perth for holiday. Spend about $20,000
- Year end festive shopping: $5,000 (includes buying household replacement items e.g. furniture/appliances)
= saved about $50,000 of my bonus.

Wow!! What do you work as?? Your age seem to suggest you are only a recent graduate but your salary is amazing!!! What qualifications do you possess and what are you do at work?? Amazing!!