I supposed both of you are graduates? Buying an EC is one of the cheapest way of getting to live in a condo. EC will become full condo in 10 yrs meaning the price can only go up.
As graduates and working in the CS, your career is stable and pay will grow steadily.
As long as you both stay employed, by 55 your net worth could surpass $5m. Many graduate couples working in CS have retired multi millionaires.
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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.
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