Middle class family, 48 & 49 year old.
Our expenses
Condo mortgage $2150 pm or $25,800 pa
Car loan $800 pm or $9,600 pa
Car petrol, road tax, car insurance, parking, etc $700 pm or $8,400 pa
Groceries, restaurants & utilities $2000 pm or $24,000 pa
Medical Insurance $1700 pm or $20,400 pa
Holiday travels $800 pm or $9,600 pa
Children $500 pm or $6,000 pa
Parents allowance & gifts $1600 pm or $19,200 pa
Others $500 pm or $6,000 pa
Total expenses $10,750 pm or $129,000 pa
Total income, including bonuses $164,000 pa
Total savings $35,000 pa
Net worth
Condo equity $800k
Cash &
CPF $650k
Stocks $50k
Total net worth $1.5mil
How are we doing? How do we fare compared to our contemporaries?