How do people in their early 30s sustain a flat/car/kid/parents with $7k/month? - Page 2 - 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 do people in their early 30s sustain a flat/car/kid/parents with $7k/month?

Reply
 
Thread Tools
  #11 (permalink)  
Old 23-05-2022, 12:18 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
I am mid 30s. Me under 7k, wife under 9k.

-give parents each side under $500 due to them all much richer than us and only request token
-small executive condo
-cat A car
-NO CHILD

We survive by eating cheaply or at restaurants when on deals and buying things on offer.

My parents were extremely generous too (gave a few hundred grand ang pow when married). After buying home and stuff we find surviving tough with our income since we try to save and invest some of it too.

So honestly speaking, from my experience anyways, $7k+7k (assuming your wife too) not numerically possible to survive independently, especially with a child.
Just to clarify, when we bought our EC some years ago, it was cheaper and costs less than some BTOs today. So the comparison to OPs situation is still valid IMHO.

Reply With Quote
  #12 (permalink)  
Old 23-05-2022, 02:07 AM
Unregistered
Guest
 
Posts: n/a
Default

Your parents offer u few 100k ang pow u got face to take?? Knn mid 30s earn 7k Nia pui. Useless

Reply With Quote
  #13 (permalink)  
Old 23-05-2022, 10:02 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by taco View Post
As titled, currently in my early 30s(M) with about $7k salary (before CPF deduction). Wonder how peers who are around the same age and earn about the same as me mange to pay for:
- HDB loans (either BTO or resale) and
- afford a car (either first/second hand) with petrol/carpark and
- have a kid and
- support parents through monthly allowance
and still have some remaining to save & invest.

Finding it difficult. Hoping some peer can shed some light on how they manage their finance.
Why is it difficult?
They did it with loan. All sorts of loan car loan, hdb loan, credit card loans,personal loan etc.
Nothing difficult about taking multiple loans

Reply With Quote
  #14 (permalink)  
Old 23-05-2022, 12:11 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
Why is it difficult?
They did it with loan. All sorts of loan car loan, hdb loan, credit card loans,personal loan etc.
Nothing difficult about taking multiple loans
Maybe that's why he's asking? Perhaps he wants to do it without taking loans - which should be avoided as far as possible (maybe except for the home which is a necessary evil).


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
  #15 (permalink)  
Old 05-07-2022, 11:20 AM
Unregistered
Guest
 
Posts: n/a
Default

born in '95, i make 144k a year but i also find it difficult to budget and save money
Reply With Quote
  #16 (permalink)  
Old 06-07-2022, 11:34 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
born in '95, i make 144k a year but i also find it difficult to budget and save money
you everyday call chicken of cos la
Reply With Quote

  #17 (permalink)  
Old 17-07-2022, 03:48 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
cut the car lor? why need Car in SG
because he feel inferior when have to rub shoulder with smelly unkers in MRT
Reply With Quote
  #18 (permalink)  
Old 17-07-2022, 06:38 PM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
born in '95, i make 144k a year but i also find it difficult to budget and save money
Dun anyhow spend…stop being a party animal….see what are your needs and wants…
Reply With Quote
  #19 (permalink)  
Old 18-07-2022, 01:17 PM
Unregistered
Guest
 
Posts: n/a
Default

It is very tough on 7k single income, almost impossible I would say. Back when I made that amount on single income, even with 4-5 months bonus and not giving parents allowance, no car, cheap HDB, we barely saved anything.

I have no car, cheap flat, no branded goods, several kids, still spend about 10-12k a month.

Mostly on food and groceries, 1.5k parent allowance, helper etc.

Quality food is expensive and one meal out with the family may cost 150-200. We also eat steak, seafood, sashimi very often at home.

Now close to 25k pm can finally start saving.
Reply With Quote
  #20 (permalink)  
Old 19-07-2022, 12:26 AM
Unregistered
Guest
 
Posts: n/a
Default

Quote:
Originally Posted by Unregistered View Post
It is very tough on 7k single income, almost impossible I would say. Back when I made that amount on single income, even with 4-5 months bonus and not giving parents allowance, no car, cheap HDB, we barely saved anything.

I have no car, cheap flat, no branded goods, several kids, still spend about 10-12k a month.

Mostly on food and groceries, 1.5k parent allowance, helper etc.

Quality food is expensive and one meal out with the family may cost 150-200. We also eat steak, seafood, sashimi very often at home.

Now close to 25k pm can finally start saving.
U talking abt sgd or ringgit? 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


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
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
How much $ do you give your parents every month? megasoma Income and Jobs 190 31-07-2022 10:32 PM
Seeking advice on supporting elderly parents johnny123 General Discussions 1 20-10-2021 06:06 AM
Parents alert! Bed bugs invasion to school lilylily General Discussions 3 09-02-2021 11:39 PM
career switch in early 30s coldyx Income and Jobs 9 23-10-2019 12:59 PM
work life balance for parents darialim Income and Jobs 10 08-05-2013 04:17 PM

» 30 Recent Threads
Lawyer Salary ( 1 2 3... Last Page)
21,016 Replies, 10,332,584 Views
Career as Teacher ( 1 2 3... Last Page)
10,860 Replies, 6,674,102 Views
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
15,328 Replies, 4,986,029 Views
Shopee fresh grad pay ( 1 2 3... Last Page)
1,051 Replies, 440,953 Views
Roles in accenture singapore ( 1 2 3... Last Page)
7,386 Replies, 2,325,433 Views
Civil Service Current Estimated... ( 1 2 3... Last Page)
172 Replies, 309,830 Views
LTA (Land Transport Authority) ( 1 2 3... Last Page)
681 Replies, 389,212 Views
Compare civil service salary ( 1 2 3... Last Page)
16,346 Replies, 12,459,521 Views
MAS for Mid Career Professionals ( 1 2 3... Last Page)
1,807 Replies, 1,045,892 Views
GovTech ( 1 2 3... Last Page)
5,164 Replies, 2,165,492 Views
UOB Management Associate Program ( 1 2 3... Last Page)
1,459 Replies, 785,139 Views
NCS (SingTel subsidiary) ( 1 2 3... Last Page)
1,331 Replies, 1,142,787 Views
ITE Polytechnic Scheme ( 1 2 3... Last Page)
311 Replies, 369,650 Views
Why Is Having a Google Virtual...
1 Replies, 6,803 Views
How is life as a doctor in... ( 1 2 3... Last Page)
7,240 Replies, 3,400,402 Views
JP Morgan ( 1 2 3... Last Page)
199 Replies, 173,558 Views
Mining Industry ( 1 2 3... Last Page)
80 Replies, 74,568 Views
Civil Service Performance Bonus ( 1 2 3... Last Page)
5,340 Replies, 4,773,771 Views
ST Electronics ( 1 2 3... Last Page)
3,768 Replies, 1,545,723 Views
Is getting a PMP worth it ?
4 Replies, 7,186 Views
Visa Graduate Development Program ( 1 2 3... Last Page)
207 Replies, 134,770 Views
SIM-UOL fresh grad starting pay ( 1 2 3... Last Page)
6,922 Replies, 2,903,825 Views
Nparks ( 1 2 3... Last Page)
39 Replies, 34,449 Views
MINDEF DXO (All FAQ on it) ( 1 2 3... Last Page)
5,828 Replies, 4,658,065 Views
Constituency Manager (People... ( 1 2 3... Last Page)
989 Replies, 814,117 Views
Julius Baer Graduate Program 2023 ( 1 2 3)
21 Replies, 14,860 Views
HTX (Home Team Science and... ( 1 2 3... Last Page)
752 Replies, 359,045 Views
DSTA (under Mindef) ( 1 2 3... Last Page)
1,464 Replies, 1,376,037 Views
IMDA (under MCI) ( 1 2 3... Last Page)
1,260 Replies, 614,048 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
6,123 Replies, 3,740,069 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 09:26 PM.


Powered by vBulletin® Version 3.8.5
Copyright ©2000 - 2024, Jelsoft Enterprises Ltd.
Content Relevant URLs by vBSEO 3.3.2