Originally Posted by Unregistered

Your boy don't need drawing and swimming classes. Cut these and you will save at least $300.

Get rid of your car, go and borrow from your mum the $4800, which you will be able to pay within 4 months. Once you get rid of car, you can save as much as $1000 a month. Bus, MRT will cost you $200 per month. Talk to your mum, don't feel embarrassed.

Since you are 40, you must start saving for retirement (beyond the CPF SA). Try to save $1500 per month or $18k per year. In 25 years time, you will have $450k. Then you can retire comfortably.

All the best bro. We are here to support you.