How much do you earn and save?

Originally Posted by Unregistered

21 female
20k per month
Sponsorship. Deals

Spend 19k. Save 1k

knn so many csb

Originally Posted by Unregistered

Female, 34yo

Take home: 4.7k
Rental income: 1.8k

ESPP: 620
Mortgage: 1.6k (full cash)
Insurance: 100
Condo fees: 255
Food: 600
Mobile/Netflix: 45
Parents: 400
Discretionary: 300

Savings/war chest: ~2.5k

You bought and rent a condo but live with parents?

33yo
8k/m
6.8k post cpf
Spend 1.5k/m
Savings 5.3k/m

110k cash savings with ec downpayment paid and soon to be wife

36 years old

Gross Take Home 9.2k/month
Side Income 2k/month

Insurance 1.2k/month (75% investment)
Parents 800/month
Housing Loan 950/month (Cash portion)
Other Expenses 3k/month

Savings 5.2k/month
Wife is housewife without income

Originally Posted by Unregistered

You bought and rent a condo but live with parents?

Yup staying with my parents

Originally Posted by Unregistered

This thread made me realize people really give their parents a lot of $$. Good and bad thing though. I've seen some of my friends who suffer from their parents' poor financial literacy and end up becoming part of the sandwich generation, having to juggle both their own families and their parents which is not easy.

It's called fillial piety dude, something you probably lack. My parents are still working and well to do but i still give them 400 each per month as a form of rent/payback for providing for me up till i got my degree. Be appreciative of your parents, they probably spent upwards of 300k raising you. What is a few hundred a month to them? Be grateful, cheers!

Originally Posted by Unregistered

It's called fillial piety dude, something you probably lack. My parents are still working and well to do but i still give them 400 each per month as a form of rent/payback for providing for me up till i got my degree. Be appreciative of your parents, they probably spent upwards of 300k raising you. What is a few hundred a month to them? Be grateful, cheers!

Why do we have to monetize filial piety though? It's almost as if giving parents money is the only form of expressing filial piety and appreciation lol. But anyway, giving parents money is not a bad thing obviously, but im more concerned about the serious sandwich gen cases like literally they are stretched to their limits because of their parents' poor financial planning...I have friends whose parents are adamant on not working and just stay home shake leg (even though they are fully able bodied and not even near retirement age, according to my friends).

So in such cases, they usually have to fork out a huge chunk of their meager take-home pay to raise BOTH their parents (who have no savings, due to poor finances) and their own families, which stretches beyond "a few hundreds a month" and it's really rough. Not that i want to blame the parents, but when your children have to sacrifice and suffer as a result of your poor financial planning, it's really sad.

35 yrs old / male
base salary - 40k per month
parents allowance - 3k
mortgage - 9k per month
tax - 8k per month
expense - ~2.5k
insurance - 500 per month
cpf - 1.2k

Originally Posted by Unregistered

35 yrs old / male
base salary - 40k per month
parents allowance - 3k
mortgage - 9k per month
tax - 8k per month
expense - ~2.5k
insurance - 500 per month
cpf - 1.2k

your low insurance premiums speak otherwise of your net worth

Originally Posted by Unregistered

35 yrs old / male
base salary - 40k per month
parents allowance - 3k
mortgage - 9k per month
tax - 8k per month
expense - ~2.5k
insurance - 500 per month
cpf - 1.2k

40k hell notes right?