How much are you earning per annum?

Me annual salary only $41K ,wife annual 23K living with mum and have a boy every month no money saved in the bank , sometime no money to eat lunch also , I'm almost 40 bank book never more then $100 after paying all the bill .

Originally Posted by Unregistered

46, annual salary $53k. Wife, 35, annual salary $36k.
We are a poor family, living in a 3 room BTO flat.
Any advice how can I earn more? Some people say become property agent.
Is this good? Or shall I just stay in my current boring but stable job?
I only have poly diploma.
For those who are earning $250k, how did you do it?

Originally Posted by Unregistered

Me annual salary only $41K ,wife annual 23K living with mum and have a boy every month no money saved in the bank , sometime no money to eat lunch also , I'm almost 40 bank book never more then $100 after paying all the bill .

You and your wife earn a combined salary of $5k a month. Can you share the breakdown of your monthly expenses? Maybe we can discuss to see how we can reduce our monthly expenditures. Thanks.

29 yo male

110k pa all-in

50+k in CPF OA

not planning to get married. hope to buy my own condo and car within the next 3-5 yrs

Originally Posted by Unregistered

29 yo male

110k pa all-in

50+k in CPF OA

not planning to get married. hope to buy my own condo and car within the next 3-5 yrs

Why are you not getting married and have kids? How will our country's future be?

If we have too many singles and gays, then we will need to bring in more FTs to work here.

Originally Posted by Unregistered

You and your wife earn a combined salary of $5k a month. Can you share the breakdown of your monthly expenses? Maybe we can discuss to see how we can reduce our monthly expenditures. Thanks.

Both of us after CPF take home around $3800 per month.

PUB Bill - $200
Singtel Bill -$240
Boy school fees include drawing class, maths class and swimming lesson around -$550
whole family cook/eat at home expenses around $400
AIA -$300
Car which (wanted to sell away) instalment /Petrol about $1200
Food for myself -$120
Wife transport + food $150
Give my Mum - $400

Left around $240 for both of us to spend for the whole month .

Originally Posted by Unregistered

Both of us after CPF take home around $3800 per month.

PUB Bill - $200
Singtel Bill -$240
Boy school fees include drawing class, maths class and swimming lesson around -$550
whole family cook/eat at home expenses around $400
AIA -$300
Car which (wanted to sell away) instalment /Petrol about $1200
Food for myself -$120
Wife transport + food $150
Give my Mum - $400

Left around $240 for both of us to spend for the whole month .

It's the car. Quickly sell it while there's still a good market.

Originally Posted by Unregistered

It's the car. Quickly sell it while there's still a good market.

I wish to sell away the car but I still need to pay the finance company about $4800 which I don't have the cash now .

Originally Posted by Unregistered

I wish to sell away the car but I still need to pay the finance company about $4800 which I don't have the cash now .

You shouldn't have bought the car in the first place.

Your household income of 5k is not sufficient, especially when you have a kid.

I don't think you need to top your for your loan unless you bought in late 2009 onwards. Cars bought before the spike in COE are selling at profits.

What is your car btw?

Originally Posted by Unregistered

I wish to sell away the car but I still need to pay the finance company about $4800 which I don't have the cash now .

Anyway, try to borrow from friends/relatives to pay off the 4.8k if you can. Then repay the 4.8k loan in 4 months, from the 1.2k saved by selling the car.

Otherwise, you will never have enough money.

Originally Posted by Unregistered

You shouldn't have bought the car in the first place.

Your household income of 5k is not sufficient, especially when you have a kid.

I don't think you need to top your for your loan unless you bought in late 2009 onwards. Cars bought before the spike in COE are selling at profits.

What is your car btw?

I brought the 2nd hand car is due to my new job needs me to move around to do sales , who knows I only stay at the company for around six months, and found this current job which pay much lower , in the result I'm stuck with the car till now lor .

My car is Honda Fit .