Family with 2 children aged 10 and 11. I am 40 and my wife is 42.
Our expenses a month:
Car petrol, road tax, car insurance, parking etc - $1k
Groceries & Utilities - $1.2k
Dining - $1.3k
Insurance - $2k
Children Expenditure - $600
Misc - $1k
TOTAL Expenses - $7.1k
Salary: SGD20,000 per month (wife is stay-home mum)
Annual Bonus: SGD54,000 to SGD90,000 (varies)
Networth:
Private Apartment in District 10: Current market equity valued at SGD 3.3mill (fully paid up)
5 Room
HDB at Holland Road: Current market equity valued at SGD 800k (around 10 years left for repayment, purely
CPF). Renting out @ SGD2,600 per month
Cash &
CPF: $800k
Audi A5: Fully paid up with 4 years left on
COE
For those who are wondering, the private apartment was left to me as a inheritance. How is my family doing? I plan to retire at 60 and possibly migrate to Melbourne.