How much do you earn and save?

Originally Posted by Unregistered

Aged 31, diploma holder in govt svc. Married, no kids living in a 4-Rm BTO. Monthly before bonuses $4500. Take home $3600. $70k annual in 2019 with shitty 0.1 mth year end bonus.

Monthly expenses
Savings - $1500 ($2500 with bonuses)
Parents - $300
Motorcycle (and related running costs) - $300
Insurance - $135
Phone bill - $50
Credit card bills (including food spending) - $400
Food - $300

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

[carteblanche]

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.

Originally Posted by Unregistered

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

Originally Posted by Unregistered

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.

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.

Originally Posted by carteblanche

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

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

Originally Posted by Unregistered

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.

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.