How much is enough for retirement in Singapore?
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Nebbermind:
Yah born a princess.
you 公主命lah!Funz:
I avoid buses as I tend to get motion sickness. I also avoid trains during peak hours as I am claustro. Fainted on trains a few times during peak hours last time.
Drove my mum nuts cos she keep ending up having to pay double bus fare cos have to alight mid way for me to :sick: -
ammonite:
Not everyone is mindful of the need for retirement planning in mind when they are young.
Yes, these are common rationales and I suppose hold some water. But I was still surprised to read in the news some time ago of single income family (I think around 3k monthly) who sees car as a necessity because of young children.lee_yl:
I think some need helpers because they have young children or old folks at home? I have heard of people driving branded cars due to their job requirements, especially those in sales line, so even if they aren’t earning much, they still need to hold on to their branded car in order to gain confidence of their customers by portraying an image that they are doing well.
I thought they are the exceptions, but then I learn of other families without young/elderly/sales jobs but still cutting it almost just as thinly (to me) on a monthly basis.
Maybe that is also another reason why govt is so cagey about CPF, worried that some Singaporeans who have the habit of spending every single cent will end up being a burden to society
Why worry for them? That certain race also like that :siam: We just need to make sure our children don’t grow up that way. -
at my age of 50, my top concern is health.
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starlight1968sg:
at my age of 50, my top concern is health.
Singaporeans are getting richer and willing to spend more on health care. Plus with a better diet and greater awareness, we are expected to live longer. :scared:
I’m in my late 30s and as of now, my children’s education is my topmost priority. -
lee_yl:
same here...in my mid 40s and kids' education weigh heavily in my mind.
I’m in my late 30s and as of now, my children’s education is my topmost priority.
space is important...which is why the 5 room is a good choice (although not that much bigger than my 4A).
when they both get married, i did tell hubby we downgrade to a 3 room...and he agrees. -
Why not just rent out the rooms n get a passive income? can even use it to finance your dream car
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janet88:
Come to think of it, I think you made the right choice. Sell off your current flat at Bukit Timah and you can use part of the proceeds to pay off your new flat as well as save up the other half for retirement/kids’ Uni fees.
same here...in my mid 40s and kids' education weigh heavily in my mind.lee_yl:
I’m in my late 30s and as of now, my children’s education is my topmost priority.
space is important...which is why the 5 room is a good choice (although not that much bigger than my 4A).
when they both get married, i did tell hubby we downgrade to a 3 room...and he agrees.
Why not? A 3-room flat is easy to upkeep for old folks when kids get married and decide to moved out. -
ammonite:
Container garden = soil but no drainage?
And wells!
I prefer container gardens - not as space-efficient as hydroponics but satisfy my \"plants must have soil\" stubborn thinking. Gardens by the Bay's Flower Dome has some container gardens within the Californian Garden section. I think that can be doable in a sunny corner of an apartment. -
Need drainage
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Downgrading or right sizing is one of the ways to get cash to fund for retirement
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