We are not among the high earners in this forum. Our combined income is only $120k pa. We bought a condo for $500k in 2005 after selling our 5 room
HDB flat. We have since paid our mortgage loan for the condo. Our cash and
CPF savings is now only $300k. We hope we can remain employed until 70, now we are 50 & 51 respectively. We don't own a car as the
MRT station is near our condo. We save $2k pm by not owning a car.