Middle income couple, 35 & 33 yo, makes $210k pa combined. We save $80k pa.
Our expense items are home mortgage, car installment and expenses, household expenses, parental allowance, children's expenses, holidays five times a year, eating out, taxes, insurance, etc.
Home is a condo bought in 2013 for $1.1m with outstanding mortgage of $300k left.
Other assets (stocks, cash,
CPF) $500k in total. Total net worth $2.3m.
Do you think we are managing our finances well?
We want to retire in 10 years time. Possible?