Just curious, are you on the mx scheme?

This was last year's before covid. Now still sama sama but spending less on drinks out and misc budden that's temp

28M,
monthly gross 8k
Finance industry as a data analyst
After CPF: 6.8k
Food: Mostly office cater food, 500 on night/weekend outs etc
Transport: 150 on public transport
Parents: 800
Phone: 30
Online subs: 50
Misc spendings: 500 - 1000 depending

monthly saving: ~4k not including CPF

Thinking of renting own place and moving out of parents hdb, or buying own place in the next year or so.

27M
take home 3.8k
dividend income 1k
sideline e-comm business 10.5k average (net)

parents 500
expenditure 500
save 13k to 14k a month

28M
Take home after CPF 7.4K
Civil Service
Food: 500
Car: Average of 450 for petrol and taxes etc. as car is fully paid off
Bills (Hp/Utilities/etc): 250
Misc Spending: 500
Savings: ~5.5K

The median salary of Singaporeans based on data from Salary.sg always outperforms the official statistics on median pay by a huge margin.

I wonder if I'm being told that I'm earning a "median" amount by the media, just so that low income folk like myself can feel "average" and happy.

U must realise a lot of big cannons here.
Npnt
No iras statement or payslip, u cannot totally believe what is mentioned here

I believe the median salary in salary.sg is skewed upwards due to people are more willing to flaunt their achievement here than showing below-par performance.

This is one high flyer civil servant

30
Law
25k pm
-5k parents
-5k mortgage and utilities
-500+ insurance
-1-2k expenses
-income tax
No car
———-
~10k Savings and investments

Can’t save as much as some of you

Self-selection bias. On one level, people on this forum tend to care more about their career and have a higher salary. On a second level, even within this forum, the people who don't earn as much will less likely post in this thread as well.

All anonymous, big cannon for who to see? :(

43M
Household of 4 (2 kids). Wife is a sahm.

Salary: 220k per annum
Occupation: lecturer
Savings: 60-70k per year

Most of my expenditure: mortgage, car loan, parents allowance and medical bills, household expenses, children's extra curricular

26M, graduated from Uni last year.
Started working 6 months ago.
Basic pay 5.3k (excl. employer CPF/No bonus for my job), take-home pay after CPF deduction and self help group donation, 4220
Sector: Sales
Insurance- Hospitalization, Term + Wl with relevant CI riders (215/month)
Spending/Bills/parents - 1000-1200(not much of a shopper, living with parents)
Investments(currently only company stocks)- 530/month
Savings: about 2.5k/Month

26F, 2nd lower.
Started working: 4 years ago.
Basic pay 5755 (before CPF). Take home 4600.
Sector: Public sector. Previously, private sector.
Food: $1000, sometimes I pay for my whole family of 4 when eating out.
Phone: $100
Transport: $100
Education: $500 (taking certifications, applying for programs)
Toiletries: $50 (makeup, hygiene)
Entertainment: $30 (movies)
Shopping: $50
Gifts: $20 (birthdays of friends/colleagues
Savings: about 2.75k/Month for the most recent year. Previously was earning much lesser and paying back tuition fee loan.

49 yo Manufacturing manager in a large US MNC
About SGD 220k per annum
Low bonus though stable job
Target to work till 55

39F, tech sales
Base 10.9k per mth, transport 1.5k
Sales Bonus variable from 0 to 80k per annum

Saves minimum 6k per mth.

29yo male.

140k base excluding aws and annual bonus..

spend less than 1k per month.

the rest save for house..

140k base, your CPF not enough to pay for house? still need savings outside CPF for house?

if use purely CPF, how long you want to pay for? 20years? 30 years?

if you want to stay HDB for long, then you can slowly go pay..

your choice..

use CPF pay for HDB, savings get private property la bodoh..

your choice lor..

if you like to pay 1.5x more for HDB because interest is rolling every year.. then up to you..
and you like to be in debt for 2 houses than good luck to you...

wonder do you do financial planning first.

I spend more than I earn every month by 200 to 300 dollars. Slowing eating up the wedding huat money I gained in the past. I can only take home 3.9k as my company pays below average salary. How do I increase income? I am committed to not increasing my lifestyle.

Try finding a new place that pays more? Or side income.

Used to have side income. Was fired soon after wuhan virus smashed SG.

looks like someone clearly doesn't understand the concept of leverage

Mr Yum
 

27 years old M
Salary from FT Job: $3k/month (1st job out of uni, went from ITE to UNI hence started late in the workforce)
Take Home: $2.4K/month
Weekend side hustle: $300-$400/month

Parents: $200
Hp: $20 (Circle's Life)
Insurance: $100
Food & Drinks: $300
Miscellaneous: $100

Savings: $1,980-$2,080/month

Liquid Cash: $15k (saving for wedding/bto coming up), Investments (stocks): $13k

Am I doing well? haha

Doing fine for your age! Almost exactly the same as I was just after I graduated 3 years back. Was earning 2.4k take home as a trainee with slightly lower total savings at 23k.

31M in public service, not married
Monthly salary and expenditure
Salary: 6.9k
Passive income from investment: 1k
Allowance for parents (total): 800
Household bills (Mobile for the whole family and broadband): 250
Tax: ~200
Saving plans (bad decision during NS): 150
Insurance: 200
Own expenses (food, transport, entertainment, shopping): 1k top
Saving: ~5.3k/month

I'm 29m

salary $9k , include bonus etc (~$9.5k)

mom $1.5k
food $1.2k
condo rental $1.5k
gym+entertainment stuff $500
other stuff (insurance, mobile, train, courses, books) $1k

save ~$3-5k

33m, annual wage around 140k. Annual saving $30k cash.

Expenditure - living, childcare, car, tours, etc

50 yo couple

filed income tax for 2020 = $650,000

paid up one condo, and awaiting BUC second condo.

hope to work for 5 more years to retire

46M

Income -- 28k/mth
20k day job, 5k side business, and 3k coupons/dividends/interest

Expenses -- 17k/mth
taxes 5k
cards 3k
mortgage 3k
parents 3k
car 1k
bills 0.5k
incidentals 1.5k

Savings -- 10k/mth

If I lose my job, I can cut my expenses down to 6k/mth.

27M, no gf
Have been working for about 2.5 years
$4200, take home approx $3350

Give parents $600
Gym $98
Occasional meals outside and transport $200
Taxes, insurance $100

Save about $2k per month

Feel like I’m earning really little at my age

For a guy I think you're doing alright! Probably get ready to jump soon as you're near the 3 year mark.

Seems like you are on track to 200K savings by age 30. Well done.

Your calculation is off.

I’m the original poster for post #113.
Still feel like I’m not earning enough and there’s no pay increment for everyone in my company this year due to the economic downturn. Else I would have been earning 4.8k now.
Can’t really find much jobs outside either due to the bad outlook. Anyone any tips on growing wealth?

At your level of income, best way is to go BTO. Everything else is too risky.

Ure doing great. I’m 27M local uni grad in finance earning 5k/mth.

Parents-1k
Dating-400
Insurance-200
Public transport -60
Petrol-100
Food /drinks-800

Guess that leaves me ~1.5k in savings per month. And this year finance cutting bonus which is my main source of savings accumulation haha

Out of curiousity, why are you giving your parents 1k / month? Does it cover utility bills / groceries etc? Seems like a lot since you are only earning 5k