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  #444 (permalink)  
Old 12-11-2012, 07:29 PM
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Originally Posted by Unregistered View Post
Couple (mid 30s)

Cash 65k
Stocks 70k
Cpf (OA) 20k
No car
Flat 600k (80% fully paid up)
Income (gross) 200k combined

We should have more savings but as both my hubby and I spent alot when we were young, i also stopped work for a few years when my first child was born.

Now with 2 kids n 1 maid really wish we had saved more back then.

My advice to young couple starting out, always have a longer time horizon in financial planning. Its cool to defer gratification till later, not cool to defer kids because you want instant gratification as kids are not guaranteed thing...dont regret not having them only too late 😃
My advice is to be balanced. It's ridiculous to live with the attitude that any day can be your last, but at the same time scrimping all the time also makes for a miserable existence. If you have a hobby e.g. traveling, make sure you engage it at least once a year. Good memories will serve you well during tough times.
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