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Thread: How do people in their early 30s sustain a flat/car/kid/parents with $7k/month? Reply to Thread
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19-07-2022 11:52 PM
Unregistered
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.
you managed to do all these with 25k? darn, that is like my spending per week....
19-07-2022 12:26 AM
Unregistered
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
18-07-2022 01:17 PM
Unregistered 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.
17-07-2022 06:38 PM
Unregistered
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…
17-07-2022 03:48 PM
Unregistered
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
06-07-2022 11:34 AM
Unregistered
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
05-07-2022 11:20 AM
Unregistered born in '95, i make 144k a year but i also find it difficult to budget and save money
23-05-2022 12:11 PM
Unregistered
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).
23-05-2022 10:02 AM
Unregistered
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
23-05-2022 02:07 AM
Unregistered Your parents offer u few 100k ang pow u got face to take?? Knn mid 30s earn 7k Nia pui. Useless
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