How much salary is needed for a single guy to comfotably own a car in Spore? - 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




How much salary is needed for a single guy to comfotably own a car in Spore?

Reply
 
Thread Tools
  #1 (permalink)  
Old 30-04-2016, 08:49 PM
Banned
 
Join Date: Jun 2012
Posts: 270
temp111 is on a distinguished road
Thumbs up How much salary is needed for a single guy to comfotably own a car in Spore?

Take home salary of $3000 possible?

Assuming that the guy is single and still stay with parents and no other loans to pay off.

Reply With Quote
  #2 (permalink)  
Old 30-04-2016, 09:17 PM
Unregistered
Guest
 
Posts: n/a
Default

$3000 may be enough to finance a car but with parking fees, ERP, insurance, maintenance and etc, there is not going to be any 'comfort.

I bought a car when I was in the exact circumstances you described. I sold the car after 1 year and embraced public transport. Now I earn more and still I don't think I can comfortably own a car. Not if i want to be able to dine out or travel once in a while.

Reply With Quote
  #3 (permalink)  
Old 01-05-2016, 12:42 AM
Unregistered
Guest
 
Posts: n/a
Default

Then you will be left with no savings.

Reply With Quote
  #4 (permalink)  
Old 01-05-2016, 07:42 AM
Unregistered
Guest
 
Posts: n/a
Default

i guess it also depends on how much you can spare out of the $3000 you earn monthly.
And also what you could be giving up, i.e. the opportunity costs. It's different for each person.

Say $1000 is required each month to own and operate a car. What could you had done with the same $1000? Would that be more shiok vs the car? It's your choice

Personally, I bought my first car (2nd hand Korean car , costs me $48k) when I was your age. I was earning about $4k pm that time. The car total cost of ownership was around $900pm.

Without the car I would had simply saved the $600 (since I spent $300 on public transport/taxis) each month as I don't spend on other things normally. But I love cars since I was young.
So I decided to take the plunge and see what value I get from car ownership. no regrets ever since its my money and I felt I had done my math and made a decision that I know I will be responsible for. (I.e. I am not going to borrow money or need parent or someone to bail me out if things go terribly wrong financially). I was still able to save up for marriage as my income grew each year (I was fortunate). But I told myself I must give up the car the moment things are not going well as the car is the single most expensive item and it's a want, not a need for me living in SG.

Bottom line is don't be a slave to the car. If you are giving up basic things like food, medicine , family commitments just to have car, then it's likely no longer affordable to you and it's better to hold off and focus on growing your income first
Reply With Quote
  #5 (permalink)  
Old 01-05-2016, 08:31 AM
Unregistered
Guest
 
Posts: n/a
Default

none, because the word "comfotably" does not exist in the english dictionary LOL.


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


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
  #6 (permalink)  
Old 01-05-2016, 09:48 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
none, because the word "comfotably" does not exist in the english dictionary LOL.
dooode.. r and l are difficult to speak lah.. that is why I don't speak and as a result when I type out the word, I miss the r's and l's. Many of my fliends also have this ploblem.
Reply With Quote

  #7 (permalink)  
Old 01-05-2016, 10:05 AM
Unregistered
Guest
 
Posts: n/a
Default

in before TS fk posters' mother.
Reply With Quote
  #8 (permalink)  
Old 01-05-2016, 10:54 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
in before TS fk posters' mother.
What is TS ?
Reply With Quote
  #9 (permalink)  
Old 01-05-2016, 11:42 AM
Unregistered
Guest
 
Posts: n/a
Default

TS = thread / topic starter
Reply With Quote
  #10 (permalink)  
Old 01-05-2016, 12:55 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
none, because the word "comfotably" does not exist in the english dictionary LOL.
Don't care the guy above. He is just bo liao. A guy who goes to forums just to pick on people's language is either 1) too stupid to realize that it was supposed to be comfortably or 2) doesn't have anything else better to do.

Back to the topic. I was like the other guy. Bought a car so it off in a few years time. That's the hard truth. Quick answer is that $3k a month is too low. Honestly, I say you need double that.

You can do the math. But in short, when you start to realize the house is more important than the car, you regret spending on the car instead of saving for the house. I regretted.

Another problem if you want to get into it further. Hard to date Singapore girls if you don't drive the car. Yup, it's hard for a guy in Singapore.

I wish you all the best.
Reply With Quote
Reply

Bookmarks

« 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
Advice needed from everyone (Lonely single & Retirement) FineStone324 Income and Jobs 31 12-06-2021 08:18 PM
30 year old single bachelor with $57,000 cash in bank & salary of $3600, consider ok? temp111 Income and Jobs 41 27-04-2016 02:33 PM
How much is needed for a single guy to survive in Singapore? temp111 Income and Jobs 80 12-04-2016 05:31 PM
$3000 would be the minimum salary for a single to survive in Singapore. temp111 Income and Jobs 16 26-09-2015 08:58 AM
Is this the norm? 30 yo single bachelor with $60,000 cash and salary of $3300. temp111 Income and Jobs 32 02-09-2015 08:50 PM

» 30 Recent Threads
Lawyer Salary ( 1 2 3... Last Page)
17,199 Replies, 6,489,272 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
8,427 Replies, 2,449,572 Views
Career as Teacher ( 1 2 3... Last Page)
5,667 Replies, 3,527,728 Views
For those with 2-5 YOE, what is... ( 1 2 3... Last Page)
933 Replies, 198,298 Views
Jumping into the tech private... ( 1 2 3... Last Page)
69 Replies, 8,899 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
4,616 Replies, 3,111,858 Views
DBS tech seed programme ( 1 2 3... Last Page)
2,188 Replies, 580,890 Views
Roles in accenture singapore ( 1 2 3... Last Page)
4,886 Replies, 974,277 Views
How is life as a doctor in... ( 1 2 3... Last Page)
3,985 Replies, 1,934,120 Views
GovTech ( 1 2 3... Last Page)
3,202 Replies, 866,688 Views
Compare civil service salary ( 1 2 3... Last Page)
14,252 Replies, 8,961,537 Views
SIA AO grades ( 1 2 3... Last Page)
67 Replies, 28,052 Views
NCS (SingTel subsidiary) ( 1 2 3... Last Page)
971 Replies, 637,525 Views
Micron starting pay ( 1 2 3... Last Page)
460 Replies, 166,145 Views
SIM-UOL fresh grad starting pay ( 1 2 3... Last Page)
6,611 Replies, 2,037,087 Views
Medical lab job (medical...
3 Replies, 1,043 Views
MAS for Mid Career Professionals ( 1 2 3... Last Page)
1,156 Replies, 522,346 Views
Comp Science Frsh Grad Salary ( 1 2 3... Last Page)
633 Replies, 161,981 Views
Hospital (Private or Public)... ( 1 2 3... Last Page)
220 Replies, 74,632 Views
Queries about Cpib application ( 1 2 3... Last Page)
1,301 Replies, 711,839 Views
ST Electronics ( 1 2 3... Last Page)
2,811 Replies, 854,309 Views
Factual Local Bank Salaries - DBS... ( 1 2 3... Last Page)
896 Replies, 555,711 Views
High Finance Thread ( 1 2 3... Last Page)
1,221 Replies, 262,037 Views
Facebook (Meta) ( 1 2 3... Last Page)
52 Replies, 10,971 Views
Shopee fresh grad pay ( 1 2 3... Last Page)
526 Replies, 147,325 Views
Compilation of MAs/Analysts Gross... ( 1 2 3... Last Page)
1,063 Replies, 380,204 Views
Engineer Pay ( 1 2 3... Last Page)
473 Replies, 245,739 Views
AML/Compliance/KYC professionals... ( 1 2 3... Last Page)
1,631 Replies, 894,454 Views
Official 2022 Retrechment thread ( 1 2 3... Last Page)
90 Replies, 12,157 Views
Exxon Mobil Equipment tech or... ( 1 2 3... Last Page)
1,983 Replies, 754,018 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 11:13 PM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2022, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2