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).
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
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
Q: Big4 - Yearly salary increment ( 1 2 3... Last Page)
9,104 Replies, 2,845,972 Views
Work culture in IHiS ( 1 2 3... Last Page)
366 Replies, 258,546 Views
Ex-MOE Teachers ( 1 2 3... Last Page)
313 Replies, 285,954 Views
Lawyer Salary ( 1 2 3... Last Page)
18,002 Replies, 7,072,215 Views
MAS for Mid Career Professionals ( 1 2 3... Last Page)
1,218 Replies, 582,324 Views
Constituency Manager (People... ( 1 2 3... Last Page)
917 Replies, 599,119 Views
Compare civil service salary ( 1 2 3... Last Page)
14,822 Replies, 9,555,526 Views
LTA (Land Transport Authority) ( 1 2 3... Last Page)
240 Replies, 157,081 Views
NCS (SingTel subsidiary) ( 1 2 3... Last Page)
1,072 Replies, 710,561 Views
DSTA (under Mindef) ( 1 2 3... Last Page)
1,229 Replies, 953,061 Views
Civil Service Current Estimated... ( 1 2 3... Last Page)
153 Replies, 226,696 Views
ST Electronics ( 1 2 3... Last Page)
3,135 Replies, 948,357 Views
SIM-UOL fresh grad starting pay ( 1 2 3... Last Page)
6,676 Replies, 2,183,546 Views
Civil Svc/ Statboard - Typical... ( 1 2 3... Last Page)
4,462 Replies, 2,513,142 Views
Mnc jobs - a must in life ?? ( 1 2 3... Last Page)
181 Replies, 89,083 Views
Starting pay for fresh grad? ( 1 2 3... Last Page)
74 Replies, 37,032 Views
HDB (under MND) ( 1 2 3... Last Page)
489 Replies, 457,988 Views
FREE $10 + $25 NTUC Fairprice... ( 1 2)
12 Replies, 1,592 Views
AML/Compliance/KYC professionals... ( 1 2 3... Last Page)
1,675 Replies, 947,136 Views
PMO (Prime Minister's Office...
1 Replies, 813 Views
Career as Teacher ( 1 2 3... Last Page)
6,069 Replies, 3,872,389 Views
IMDA AIM Graduate Development...
9 Replies, 4,186 Views
IMDA (under MCI) ( 1 2 3... Last Page)
345 Replies, 177,068 Views
How is life as a doctor in... ( 1 2 3... Last Page)
4,252 Replies, 2,095,894 Views
For those with 2-5 YOE, what is... ( 1 2 3... Last Page)
1,034 Replies, 247,823 Views
jobs at Tech companies
3 Replies, 3,015 Views
Applying for jobs within govt...
5 Replies, 424 Views
Hospital (Private or Public)... ( 1 2 3... Last Page)
329 Replies, 107,083 Views
OKX SuperNova Graduate Program ( 1 2 3... Last Page)
64 Replies, 15,606 Views
ITE Polytechnic Scheme ( 1 2 3... Last Page)
160 Replies, 196,354 Views
Powered by vBadvanced CMPS v3.2.2



All times are GMT +8. The time now is 05:42 AM.


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