How much savings do you have? - Page 71 - Salary.sg Forums
Salary.sg Forums  

Go Back   Salary.sg Forums > The Salary.sg Discussion Forums: > Investments and Net Worth

Investments and Net Worth Talk all about money making exploits, shares, property and building net worth




How much savings do you have?

Reply
 
Thread Tools
  #701 (permalink)  
Old 16-06-2014, 06:38 PM
Unregistered
Guest
 
Posts: n/a
Default

Wife:31; hubby 32 with 2 young toddlers
House: HDB flat worth $400k, fully paid with cpf
Combined Cash + stocks $340k
Combined CPF OA & SA:$100k
No car & no maid

Savings could have been more if not for wedding & house reno plus all the baby delivery expenses.

Reply With Quote
  #702 (permalink)  
Old 17-06-2014, 02:09 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Wife:31; hubby 32 with 2 young toddlers
House: HDB flat worth $400k, fully paid with cpf
Combined Cash + stocks $340k
Combined CPF OA & SA:$100k
No car & no maid

Savings could have been more if not for wedding & house reno plus all the baby delivery expenses.
Not bad for such a young couple. I am surprised you can pay off your hdb and yet with 100k. Must be high earners, I guess.

Reply With Quote
  #703 (permalink)  
Old 17-06-2014, 11:09 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Not bad for such a young couple. I am surprised you can pay off your hdb and yet with 100k. Must be high earners, I guess.
we are just average middle income couple. Combined income $10k per mth. We were lucky to buy a BTO quite cheaply before property prices start to go crazy. So we managed to pay off hdb loan within 2 yrs.

We do see our savings quite stagnant especially after having 2 kids. Enrichment classes, childcare fee, milk powder + diapers chalk up to quite alot of expenses.

Reply With Quote
  #704 (permalink)  
Old 17-06-2014, 05:53 PM
Unregistered
Guest
 
Posts: n/a
Default

Me and my wife(around mid 40s)
Cash:250k
Shares:300k
Bmw z4(fully paid)
Semi Detatched 3.5m (left 450k loan)
Reply With Quote
  #705 (permalink)  
Old 17-06-2014, 09:20 PM
Bubbles
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
It is good to back out of marriage if the guy was unfaithful to you. well done.
btw, how much do you make per annum?
Wah you so sharp. how you know I'm a girl? "Bubbles" gave it away? haha.
I earn about 67k a year
Reply With Quote
  #706 (permalink)  
Old 17-06-2014, 09:22 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
28 going on 29 in a few months.
Single, Male

Fundsupermarket investments: 128k (includes 13k in SRS)
Stock Market Account: 5k
Cash: 29k
CPF OA: 38k
CPF SA: 10k
CPF MA: 12k

How am I doing?
Actually based on your CPF amt, it doesn't seem like you have been working very long. Either that or your income isn't very high. But for the amount you have in investment it is pretty impressive. May i ask how you did it? What is yr annual income and how much do you save a month?
Reply With Quote

  #707 (permalink)  
Old 17-06-2014, 09:24 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
we are just average middle income couple. Combined income $10k per mth. We were lucky to buy a BTO quite cheaply before property prices start to go crazy. So we managed to pay off hdb loan within 2 yrs.

We do see our savings quite stagnant especially after having 2 kids. Enrichment classes, childcare fee, milk powder + diapers chalk up to quite alot of expenses.
How much do you and your spouse save per month before the kids came? The amount of savings you have is quite good.
Reply With Quote
  #708 (permalink)  
Old 18-06-2014, 04:51 PM
Unregistered
Guest
 
Posts: n/a
Default

To be frank, we didnt really keep track how much we can save per month cos since 2010, we had major events that comes in every yr which somehow affect our savings rate. Hopefully we can start saving more this year

2010: wedding
2011: house reno
2012: arrival of baby 1
2013: Arrival of baby 2


Quote:
Originally Posted by Unregistered View Post
How much do you and your spouse save per month before the kids came? The amount of savings you have is quite good.
Reply With Quote
  #709 (permalink)  
Old 18-06-2014, 09:05 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Actually based on your CPF amt, it doesn't seem like you have been working very long. Either that or your income isn't very high. But for the amount you have in investment it is pretty impressive. May i ask how you did it? What is yr annual income and how much do you save a month?

Make 100k a year.
Save 60%
Don't pay rent cause I live at home.
Income tax is about 3% because I contribute to SRS
Reply With Quote
  #710 (permalink)  
Old 19-06-2014, 06:31 PM
Super Member
 
Join Date: Aug 2010
Posts: 335
lazyplane is on a distinguished road
Default

Quote:
Originally Posted by Unregistered View Post
we are just average middle income couple. Combined income $10k per mth. We were lucky to buy a BTO quite cheaply before property prices start to go crazy. So we managed to pay off hdb loan within 2 yrs.

We do see our savings quite stagnant especially after having 2 kids. Enrichment classes, childcare fee, milk powder + diapers chalk up to quite alot of expenses.
I dont doubt your post on your net worth.
But you are not disclosing how you arrive there completely.

You stated you & spouse 32/31. Between you and your spouse, you have average of max 8-10 yrs working. Meaning to achieve a networth of 800+k in those 8-10 yrs, you had to save approx 100k savings per year.

that around 50k per person. accompanied with the expense of reno, kids.

think you must had some help... or i will have to agree with the others that u r not the average middle income...
Reply With Quote
Reply

Bookmarks

Tags
condo, cpf, house, retirement, savings, shares, stocks

« 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
Not enough savings for retirement Salary.sg Investments and Net Worth 0 14-05-2007 07:59 PM

» 30 Recent Threads
How is life as a doctor in... ( 1 2 3... Last Page)
6,194 Replies, 2,900,825 Views
HTX (Home Team Science and... ( 1 2 3... Last Page)
411 Replies, 196,499 Views
Lawyer Salary ( 1 2 3... Last Page)
20,231 Replies, 9,323,854 Views
LTA (Land Transport Authority) ( 1 2 3... Last Page)
479 Replies, 274,552 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
11,682 Replies, 4,211,833 Views
Career as Teacher ( 1 2 3... Last Page)
9,394 Replies, 5,679,168 Views
ST Electronics ( 1 2 3... Last Page)
3,451 Replies, 1,307,255 Views
GovTech ( 1 2 3... Last Page)
4,203 Replies, 1,689,139 Views
MAS for Mid Career Professionals ( 1 2 3... Last Page)
1,591 Replies, 874,838 Views
GIC (Government of Singapore... ( 1 2 3... Last Page)
371 Replies, 649,741 Views
NUS (National University of... ( 1 2 3... Last Page)
293 Replies, 266,141 Views
Compare civil service salary ( 1 2 3... Last Page)
15,874 Replies, 11,573,576 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
5,705 Replies, 3,350,916 Views
Work culture in IHiS ( 1 2 3... Last Page)
617 Replies, 433,275 Views
IMDA (under MCI) ( 1 2 3... Last Page)
911 Replies, 417,559 Views
Roles in accenture singapore ( 1 2 3... Last Page)
6,579 Replies, 1,936,574 Views
Factual Local Bank Salaries - DBS... ( 1 2 3... Last Page)
1,461 Replies, 1,097,082 Views
What are BAND 5 positions -... ( 1 2 3)
23 Replies, 6,812 Views
HDB (under MND) ( 1 2 3... Last Page)
516 Replies, 550,588 Views
CAD (Commercial Affairs Department) ( 1 2 3... Last Page)
228 Replies, 228,306 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
5,510 Replies, 4,185,831 Views
Civil Service Performance Bonus ( 1 2 3... Last Page)
4,855 Replies, 4,174,097 Views
Constituency Manager (People... ( 1 2 3... Last Page)
963 Replies, 752,628 Views
SIM-UOL fresh grad starting pay ( 1 2 3... Last Page)
6,878 Replies, 2,713,079 Views
ITE Polytechnic Scheme ( 1 2 3... Last Page)
274 Replies, 309,034 Views
NCS (SingTel subsidiary) ( 1 2 3... Last Page)
1,279 Replies, 990,511 Views
NTU (non-faculty) ( 1 2 3... Last Page)
142 Replies, 191,159 Views
Band 4 and Band 5 in Standard... ( 1 2 3... Last Page)
65 Replies, 148,770 Views
OKX SuperNova Graduate Program ( 1 2 3... Last Page)
79 Replies, 52,235 Views
OCBC Graduate Talent Programme... ( 1 2 3... Last Page)
1,102 Replies, 555,523 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 09:32 PM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2023, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2