What is a comfortable income for you every month?
    
 
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  1. #1
    Senior Member snowy is on a distinguished road
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    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?

  2. #2
    Senior Member pinnpinn is on a distinguished road
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    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!

  3. #3
    Senior Member Glitzger is on a distinguished road Glitzger's Avatar
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    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...

  4. #4
    Senior Member snowy is on a distinguished road
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    6-8k as combined income takes quite a long time to climb up to..

  5. #5
    Senior Member rojak is on a distinguished road
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    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!)

  6. #6
    Junior Member aanchalverma is on a distinguished road
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    All depends on your daily needs!

  7. #7
    Junior Member pearlyn is on a distinguished road
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    once you have car i think you will need min 5k a month

  8. #8
    Junior Member Shelia is on a distinguished road Shelia's Avatar
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    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!

  9. #9
    Member kellytan is on a distinguished road
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    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. #10
    Junior Member andywan83 is on a distinguished road
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    moonlight clan = 月光族... Meaning no savings, every month wait for paycheck to come in..

  11. #11
    Junior Member chivas is on a distinguished road
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    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.

  12. #12
    Junior Member zefina is on a distinguished road
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    All depends on your daily needs!

  13. #13
    Junior Member appleisblack81 is on a distinguished road
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    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.

  14. #14
    Junior Member corrinemay is on a distinguished road
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    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..

  15. #15
    Member girlinlove is infamous around these parts
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    I think about 6k to 10 k is enough.

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