Household expenses - Salary.sg Forums
Salary.sg Forums  

Go Back   Salary.sg Forums > The Salary.sg Discussion Forums: > Income and Jobs

Income and Jobs Discuss jobs, career options and of course salaries




Household expenses

Reply
 
Thread Tools
  #1 (permalink)  
Old 11-07-2014, 02:14 PM
djt djt is offline
Junior Member
 
Join Date: Jun 2009
Posts: 3
djt is on a distinguished road
Default Household expenses

This is a topic that is very related to income, in my opinion.

Would like to share my household expenses to kick start the discussion:

* Housing loan $2k
* Car (loan, maintenance, parking) $2k
* Parents $2k
* Children $1.5k
* Food $1.5k
* Miscellaneous $3k on average (covers once/twice a year holidays, gifts, etc)

Total household expenses: $12k/mth
Total as a percentage of household income: 60%

Please share yours too.

Reply With Quote
  #2 (permalink)  
Old 11-07-2014, 02:36 PM
Unregistered
Guest
 
Posts: n/a
Default

Car loan $3100
Tuition and enrichment $1200
Utilties $400
Condo conservancy $330
Car running cost $1000
Parents $1000
Eating out $800
Groceries $1200

Total $7830
Combined household income about $18k so we spend about 44%.

Reply With Quote
  #3 (permalink)  
Old 11-07-2014, 08:08 PM
Unregistered
Guest
 
Posts: n/a
Default

Monthly expenses = 8600 pm
Lumpy expenses eg insurance, angoows, hols = 45000

Yearly expenses - 148k
Income - 290k incl employer cpf contributions
Savings - 142k pa

Reply With Quote
  #4 (permalink)  
Old 11-07-2014, 08:33 PM
Unregistered
Guest
 
Posts: n/a
Default

3 posts out of 3 relatively upper middle income household. If this is the average, it bodes well for Singapore.

Ours (but we are old already, so must compare with similar age group otherwise skew the data)

Monthly combined income: $22.5K (Yearly : $410K incl bonus)
Monthly Passive income: $9K ($108k)

Monthly Expense
Condo fees : $700 (for 2 condos)
Maid : $500 + $250 (levy)
House loan : $3K
2 x Car road tax, petrol, insurance: $800
2 x Car maintenance : $100
Parents allowance: $500
Power bill & phone : $360
Kids allowance & Education fees : $ 810 + $1500 = $2.4K
Groceries : $1.5K
Eating Out : $800
Insurance : $1.5K
Misc expenses : $3K

Gross monthly expense: $15.4K (Annually = $200K incl $15K overeas holiday)
Net Savings = $318K. ($518K - $200K)


Quote:
Originally Posted by Unregistered View Post
Monthly expenses = 8600 pm
Lumpy expenses eg insurance, angoows, hols = 45000

Yearly expenses - 148k
Income - 290k incl employer cpf contributions
Savings - 142k pa


Primary School English Grammar and Vocabulary Drills
Primary School English Grammar and Vocabulary Drills


SG Bus Timing App
SG Bus Timing App - the best bus app - available on iOS and Android


Bursa Stocks Android App - check share prices
Bursa Stocks [Android] App - check latest share prices on the go


SGX Stocks Android App - check share prices
SGX Stocks [Android] App - check latest share prices on the go


SGX Stocks for iPad - check latest Singapore share prices
SGX Stocks [iPad] app
| SGX Stocks [iPhone] app
Reply With Quote
  #5 (permalink)  
Old 12-07-2014, 10:38 PM
Unregistered
Guest
 
Posts: n/a
Default

Married with 2 young kids

Childcare for two $1800
Parents allowance $1200
Food (incl baby milk, household food, weekend eating out) $1500
Insurance $1500
Transport & car related $800
Income tax $1200
Utilities, broadband, cable tv $300
Misc expenses and household items $500

Total $8800. Obviously it varies month to month as misc expenses can be higher or lower. It gets higher if kids fell sick. Lower if we happened to eat out at cheaper places for that month. Just to list some examples.

No mortgage or car loan to pay.

So far this is manageable. We can cut down more if required, but this is what we choose to live by currently.
Reply With Quote
  #6 (permalink)  
Old 12-07-2014, 11:22 PM
Unregistered
Guest
 
Posts: n/a
Default

housing loan $1600
maintenance $60
Electricity PUB $100
Broadband, cable $100
Grocery $500
Eating out $400
Transport (mostly bus/MRT, only sometimes cab) $100
Misc. $100

Income $4000
Spending: $3000

% = 75% spent.


Primary School English Grammar and Vocabulary Drills
Primary School English Grammar and Vocabulary Drills


SG Bus Timing App
SG Bus Timing App - the best bus app - available on iOS and Android


Bursa Stocks Android App - check share prices
Bursa Stocks [Android] App - check latest share prices on the go


SGX Stocks Android App - check share prices
SGX Stocks [Android] App - check latest share prices on the go


SGX Stocks for iPad - check latest Singapore share prices
SGX Stocks [iPad] app
| SGX Stocks [iPhone] app
Reply With Quote

  #7 (permalink)  
Old 13-07-2014, 09:34 PM
Unregistered
Guest
 
Posts: n/a
Default

Married with 1 kid and staying with my folks, I have property investments on the side (3 of them). My main expenses (excluding ad hoc vacations / other toys) as follows.

Country Club 135
Car Loan interest 200
Fitness /Gym membership 274
Automobile - running cost 550
Automobile - interest on loan 230
Food 1000
Property Tax 750
Property MCST total 1000
Household/ Parents Allowance 2000
Income Tax 2000
Property Mortgage Interest 2700
Various insurance (car/personal) 1200

Trying to find some places to trim down the outflows, might look to sell the club membership and maybe repay some loans to cut down the interest repayments.
Reply With Quote
  #8 (permalink)  
Old 14-07-2014, 02:25 PM
Junior Member
 
Join Date: May 2014
Location: Perth
Posts: 5
LowIncomeUser is on a distinguished road
Default

Singaporeans are big spender or you guys like to boast your income.
Reply With Quote
  #9 (permalink)  
Old 14-07-2014, 02:43 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by LowIncomeUser View Post
Singaporeans are big spender or you guys like to boast your income.
Why you say that? You and your wife makes $190k and own 2 properties. Are you not one of us ?? ; )
Reply With Quote
  #10 (permalink)  
Old 14-07-2014, 04:29 PM
Unregistered
Guest
 
Posts: n/a
Default

We are a low income grad couple. Makes only $120 pa ($10k pm). We live in a humble flat and have 2 kids.

Our spendings in total $100k pa. We only save $20k pa.
Reply With Quote
Reply

Bookmarks

Tags
expenses, household

« Previous Thread | Next Thread »
Thread Tools

Posting Rules
You may not post new threads
You may post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are On
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Median Household Income Increased 4% To $7,870 admin Income and Jobs 0 13-06-2014 10:15 PM
Compare Your Household Income Salary.sg Income and Jobs 107 08-07-2013 11:19 AM
Compare your household income admin Income and Jobs 5 11-03-2013 09:51 PM
Compare Your Household Income 2009 Salary.sg Income and Jobs 54 09-09-2009 09:26 AM

» 30 Recent Threads
GovTech ( 1 2 3... Last Page)
8,270 Replies, 3,498,841 Views
Roles in accenture singapore ( 1 2 3... Last Page)
8,940 Replies, 3,114,418 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
7,280 Replies, 4,622,507 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
21,672 Replies, 6,892,493 Views
GovTech / CSA / IMDA ( 1 2)
13 Replies, 18,169 Views
ITE Polytechnic Scheme ( 1 2 3... Last Page)
407 Replies, 505,071 Views
DSTA (under Mindef) ( 1 2 3... Last Page)
1,909 Replies, 1,803,318 Views
ST Electronics ( 1 2 3... Last Page)
4,263 Replies, 2,050,160 Views
Lawyer Salary ( 1 2 3... Last Page)
22,378 Replies, 12,411,345 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
6,559 Replies, 5,603,348 Views
LTA (Land Transport Authority) ( 1 2 3... Last Page)
1,287 Replies, 739,762 Views
Compare civil service salary ( 1 2 3... Last Page)
16,933 Replies, 14,515,084 Views
Constituency Manager (People... ( 1 2 3... Last Page)
1,011 Replies, 930,900 Views
Civil Service Performance Bonus ( 1 2 3... Last Page)
5,918 Replies, 5,684,933 Views
ITE (lecturer) ( 1 2 3... Last Page)
313 Replies, 479,257 Views
Career as Teacher ( 1 2 3... Last Page)
12,918 Replies, 8,568,972 Views
Hospital (Private or Public)... ( 1 2 3... Last Page)
1,480 Replies, 780,404 Views
AIC Agency of Integrated Care Jobs? ( 1 2 3)
24 Replies, 22,566 Views
Achievers Dream Learning Centre,... ( 1 2 3... Last Page)
30 Replies, 4,101 Views
How is life as a doctor in... ( 1 2 3... Last Page)
10,884 Replies, 4,434,079 Views
HTX (Home Team Science and... ( 1 2 3... Last Page)
1,226 Replies, 755,167 Views
DSO (under Mindef) ( 1 2 3... Last Page)
83 Replies, 98,507 Views
UOB Management Associate Program ( 1 2 3... Last Page)
1,548 Replies, 973,524 Views
IMDA (under MCI) ( 1 2 3... Last Page)
1,702 Replies, 1,024,266 Views
CSA (Cyber Security Agency) ( 1 2 3... Last Page)
1,147 Replies, 758,013 Views
Nparks ( 1 2 3... Last Page)
45 Replies, 48,670 Views
Work culture in IHiS ( 1 2 3... Last Page)
885 Replies, 726,601 Views
MAS for Mid Career Professionals ( 1 2 3... Last Page)
2,691 Replies, 1,463,285 Views
Factual Local Bank Salaries - DBS... ( 1 2 3... Last Page)
2,119 Replies, 1,944,159 Views
NCS (SingTel subsidiary) ( 1 2 3... Last Page)
1,686 Replies, 1,482,354 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 12:57 AM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2025, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2