+ Reply to Thread
Results 1 to 14 of 14
25-08-2011 04:10 PM #1
What is a comfortable income for you every month?
For me, without car, i would say every month our combined income has to be about 6k. Pay house repayment 1k through CPF, the rest is for living expenses.. Right now bf and i spend about 2k every month (both of us) and i feel that it's such a strain already!
So what's a comfortable income for you ladies?
25-08-2011 05:11 PM #2
i guess it depends on alot of factors? commitments (car, house etc). and also, the greatest investment = kids. other than that, you will need savings for rainy days as well as allowance for parents?
i think it's kinda hard to survive on 8k, let alone 6k. We can put the house aside as as long as both of us are working, it can be covered through cpf = no cash involved. After contributing to CPF, your take home pay will be around $6400 (for a combined income of 8k) Im not sure how much htb pays a month for car installment, but i think it's a couple hundred. And we both contribute to slightly more than $1k to our parents? (combined) Though the balance might still be quite an amount, there are still alot of factors to add on. Especially when you have kids! And fuel for the car :X but i guess 6-8k sld be fine for the time being!
25-08-2011 05:33 PM #3
- Join Date
- Mar 2011
- Boon Keng
- Perfect Points
I think need to be 10k or so to be really comfortable factoring in payments for insurance, car loan, misc bills etc.. Plus like pinnpinn mentioned, need to give parents.. Need to save up too...
26-08-2011 01:29 PM #4
6-8k as combined income takes quite a long time to climb up to..
26-08-2011 05:07 PM #5
it varies with how you spend... for me...
car instalment + insurance - $1200
petrol - $400
parents - $1000
Food + shopping + personal insurance + misc - $1400-1700
so that's ~4k...
plus house... plus savings.. 8k is quite taxing, but do-able. i'd prefer 10k and beyond if there were to be kids in future (need to save first, cannot have kids then increase to 10k!)
31-08-2011 07:42 PM #6
All depends on your daily needs!
01-09-2011 11:36 AM #7
once you have car i think you will need min 5k a month
09-11-2011 09:36 AM #8
Poor thing, I'm a moonlight clan. For some reason, this year i had a very short of money to spend. Now i must hard working!
10-11-2011 11:37 AM #9
hey shelia, whats a moonlight clan? work at night?
money come in very slow, but money go out very fast.. by the time i get my income, much of it goes out to clothes etc! omg how to save for house like that.. i think i need 10k a month lol
10-11-2011 10:40 PM #10
moonlight clan = 月光族... Meaning no savings, every month wait for paycheck to come in..
14-11-2011 10:34 AM #11
I think once you cross a certain threshold, say about $6k, there's no such thing as "comfortable".. Your lifestyle needs just increase and increase (e.g. better restaurants, europe holidays etc), and very few people have the discipline to save income increments.
My combined income exceeds 10k but I still find myself wanting more. Key is just to manage expenses. Don't buy a car, don't go on a super expensive holiday, don't buy that bag... But easier said than done la.
15-11-2011 03:34 PM #12
All depends on your daily needs!
16-11-2011 12:07 PM #13
for i think at least 10k a month is the best. my husband drives and our shared is about 8.5k and its already quite taxing.
23-01-2013 09:45 AM #14
hmmm an amount that would be enough to sustain daily needs and wants we all want to live comfortably, and living comfortably means having not just our needs but also our wants..