Your mortgage will be about $2k pm and your car loan and expenses will be about $2k pm. In total, you pay $48k pa. You have plenty left for food, holidays, etc. Some more you pay will rise to $300k pa by the time you reach 40.
Quote:
Originally Posted by Unregistered
Hi
My spouse and I are 30 years old, with combined income of about 120k pa (exclude bonuses). We both worked for the civil service.
Bought an EC at Punggol in early 2012, for about $800k, expected TOP in 2015, with bank loan of about $600k. Planning to get a 2nd hand car when house is ready, yearly holidays and probably kids in a few years time.
Not sure if we are able to live comfortably with our finances? For your advise and comments please.
Thank you.
|