household income

[nettie]

So you have


family earning 10k (basic needs?)

1) Maid's salary $520 per month
2) Childcare $300 per month
3) Car $1k per month
4) income tax?
5) Utilties, Telephone bills, broadband, mtce chgs, property tax and etc

family earning 3.5k and SAHM

what do they spend on?

Do they have a maid? maybe they can go for kindergarten, no car but they have to pay no. 5

So the more you earn the more you spend!

[sleepy]

jedamum:

i still find that amount managable for the family size stated above. unless they need the subsidies to offset that piano lessons or brain training lessons for their children, or their thousand of dollars of bankloan for their private property. unless there is some one on long term medical attention, $10k a month is still high income in my opinion.


it is the consequence of their own financial planning...

Agreed ! :goodpost:

[MMM]

skunk:

and we've been working only 6 years.

How old are you???? Going to hit 30 only. This left me very curious as from your posting, you sounded like an experienced \"mature\" man who eat salt more than we eat rice :lol: Joking ok.

[skunk]

MMM:

How old are you???? Going to hit 30 only. This left me very curious as from your posting, you sounded like an experienced \"mature\" man who eat salt more than we eat rice :lol: Joking ok.

Yes, I'm 30 this year. 2 kids, 2 dogs and i hope to have another 2 more kids before i'm 35

[radiantmum]

[quote] Yes, I'm 30 this year. 2 kids, 2 dogs and i hope to have another 2 more kids before i'm 35 :)[/quote]
CLAP CLAP CLAP :salute:

[tankee]

lovekidsverymuch:

jedamum:

i cannot visualise a $10k per month family needing subsidies.

i will be :!: if these group of people are included in govt subsidies plan.

wat if need to support 4 children parents and parents in law and maid?

and cars, club membership, and condo instalments. :lol:

[jedamum]

skunk:

MMM:

How old are you???? Going to hit 30 only. This left me very curious as from your posting, you sounded like an experienced \"mature\" man who eat salt more than we eat rice :lol: Joking ok.

Yes, I'm 30 this year. 2 kids, 2 dogs and i hope to have another 2 more kids before i'm 35

:!: wait wait wait...that jap-look-alike pic over at the Fine Dining Thread...that is you?!
if so, you look very seasoned... :oops:

[skunk]

jedamum:

:!: wait wait wait...that jap-look-alike pic over at the Fine Dining Thread...that is you?!
if so, you look very seasoned... :oops:

yeah that's me. Everyday cooking, cleaning, picking up dog poop, changing diapers, cleaning up spilled food all over the place has taken its toll on me LOL

nolah, it's the daily cigarettes n beer hahaha

[KSP]

I remember reading somewhere that to consider as rich in Singapore is having S$1million income a year. I believe there are a reasonable number of people in this category like CEO, other C level in big MNC/GLC, super scale civil servant, specialist doctors, top lawyers and business owners.


Earning 10k/mth and staying in HDB is much more very comfortable compared to those staying in condo.

To staying in condo, the household should have at least 15k/mth taking into consideration the mthly inslatment.

So what is middle income in Singapore? It depends on who you ask. To me is 5k-12k/mth.

Low income would be 2k/mth and below.

But whatever it is, the most important is live within your mean. There is no point earning 20k/mth but living under stress if staying in a GCB that cost more than 10million.

[tankee]

KSP:

...So what is middle income in Singapore? It depands who you ask. To me is 5k-12k/mth.


Low income would be 2k/mth and below.

er .. then what is between 2k/mth to 5k/mth ? :?