How much is enough for retirement in Singapore?

[tyeogh]

jedamum\" post_id=\"1936990\" time=\"1569351236\" user_id=\"159:

Will you all take care of your grandkids or go retired at a fishing village?
My son asked if I can take care of his future kids next time. Lol. He knows I quit my job to take care of them and doesn't think next time wives will be contented with giving up their careers and staying home for the kids.

Good question! I dont teach my children how to accumulate $1m savings. But I ady made my demands to them each must give me back 4 grandchildren. So total 16 grandchildren. I will be happy to look after them as a retirement job! My wife and me love kids. They can go work husband and wives. Of course, each child must supply me 1 maid

[jedamum]

starlight1968sg\" post_id=\"1937074\" time=\"1569386424\" user_id=\"14025:

Hercules
The challenge is when to know or realise that \"enough is enough\".

From my pov, the truth is, on hindsight, every one is wiser.
My boy said one doesn't need 270 to enter top sec school in Singapore. Why the spending on tuition and endless exam papers drills then? But does one knows if he can hit the cut off point prior to release of results?
Then others can say why must die die go that school? No need to study, all schools are good schools. Be contented. The balance of staying competitive or being complacent - one will know his her decision is correct or wrong when they reach that destination, no?

[jedamum]

tyeogh\" post_id=\"1937082\" time=\"1569387410\" user_id=\"94399:

jedamum\" post_id=\"1936990\" time=\"1569351236\" user_id=\"159:

Will you all take care of your grandkids or go retired at a fishing village?
My son asked if I can take care of his future kids next time. Lol. He knows I quit my job to take care of them and doesn't think next time wives will be contented with giving up their careers and staying home for the kids.

Good question! I dont teach my children how to accumulate $1m savings. But I ady made my demands to them each must give me back 4 grandchildren. So total 16 grandchildren. I will be happy to look after them as a retirement job! My wife and me love kids. They can go work husband and wives. Of course, each child must supply me 1 maid.

My hb already chope me to spend time with him when he retires He is the priority, not the kids or grandkids. I think because your kids are cared for by your inlaws, you are looking forward to reclaim that period you miss. Ours are 24/7 our job (except first 3yrs), so hb felt he miss nothing. Only his freedom. :scared:

[Estéema]

Complacency.


Read Andrew Kwan’s Sunday Life sharing. He’s got ALL the zeros most Sporeans wld dream of but it’s all about PURPOSEFUL LIVING. One can still keep busy & work thro till ripe old age healthy and fulfilling.

I teach my kids to hold good value system they believe in and find sth they are passionate abt to do. When you hv a balance view of life, you’ll not want to pursue the zeros blindly. But if the zeros fit nicely, be thankful. If the zeros add-on, and you enjoy how the things you do with your hands (and brains) provide goodness and love to others, carry on GIVING. Yes, keep tabs with your health on your life’s journey. Everything you do within your stride, without strife or glory would be considered positive vibes. JMHO

Some level of purposeful ambition and constructive stress is necessary to keep us on this earth owise, our muscles (incl brain muscles) will crumble away to waste.

The only backlash you get is when you’re comparing yourself mindlessly to look better, to ‘live better’ (how much is better, how big is better or how better is better?). This attitude gives negative vibes. In turn, the strife drives u blindlessly to no end in ‘acquiring’ and grief when things are in your way or against your goals. This is when things turns unhealthy, negative and cancerous for you & it can spread like wildfire (you & your family suffers).

Be contented and thankful. I wish all hardworking. positive and forwarding looking KSP parents happiness and good health.

[tyeogh]

lee_yl\" post_id=\"1937079\" time=\"1569386893\" user_id=\"17023:

tyeogh\" post_id=\"1936857\" time=\"1569309609\" user_id=\"94399:

[quote=lee_yl post_id=1936765 time=1569287148 user_id=17023]Actually I just realized that I do save at least 50% of the household expenses! Especially starting from this year. Used to have one big chunk of the household expenses going towards tuition but now after the kids are done w PSLE, our tuition expenses drop drastically.

Of course, those days when I could consistently save more than 50% was before the kids came along.

How do you guys save 50% of income?! My number 3 is doing PSLE this year. His tuition alone is $1.7k a month. Number 4 soon. Family food expenses is almost $3k a month. Eat in weekdays. Eat out weekends. Mostly hawker bec I love hawker food. Haven't count kids expenses, insurances, car expenses (lao pok car, no loan), personal expenses etc. Everything v expensive nowadays. My elder 2 girls just robbed me of EXO concert tickets this month. I'd be happy to just balance the monthly budget lor.... :gloomy:

I don’t believe in expensive preschool but I do believe in quality tuition. My DD2 just finished her psle last year and her tuition + piano fees reached a high of $1,600 per month as I threw in 2 more for her at the last minute that year. I invested the money with only one aim, that is both DDs do well in psle and make the cut for IP.

So far, we have not traveled out of Asia and I put on hold the plan to upgrade our 13yo family car. No H bags for me. I save and scrimp on other things to provide them with a good education. So it’s like if money flows out of your right hand, then you save on your left hand.

Regarding food. Your family cooks on most days, then $3K/month is a lot. You all eat what huh? My budget is max $20 per Home-cooked dinner. So mon-fri $20 X 5 days X 4 weeks, that’s only $400 !![/quote]My wife and me believe in quality tuition too.

I got a big family leh. 6+1 maid. That's why food cost min $2.3k even when cook at home. I make sure my kids eat lots of protein and vege so we buy more fish and beef. Sometimes it hits $3k bec we dine out sat and sun. Hello, for all of us to eat out, even one hawker meal is $50+. Lunch and dinner for sat and sun is $200+. One month $800+ liao. Then, that occasional sushi and ramen leh?

[tyeogh]

jedamum\" post_id=\"1937083\" time=\"1569387420\" user_id=\"159:

From my pov, the truth is, on hindsight, every one is wiser.
My boy said one doesn't need 270 to enter top sec school in Singapore. Why the spending on tuition and endless exam papers drills then? But does one knows if he can hit the cut off point prior to release of results?
Then others can say why must die die go that school? No need to study, all schools are good schools. Be contented. The balance of staying competitive or being complacent - one will know his her decision is correct or wrong when they reach that destination, no?

My boy who is sitting for PSLE tomorrow tells me the same thing! He wants to go to his affiliated Sec school. He says 188 score enough liao. Got affiliation benefits. Why must tuition. I say No, must put in effort! :stupid:

[tyeogh]

jedamum\" post_id=\"1937084\" time=\"1569387662\" user_id=\"159:

tyeogh\" post_id=\"1937082\" time=\"1569387410\" user_id=\"94399:

[quote=jedamum post_id=1936990 time=1569351236 user_id=159]Will you all take care of your grandkids or go retired at a fishing village?
My son asked if I can take care of his future kids next time. Lol. He knows I quit my job to take care of them and doesn't think next time wives will be contented with giving up their careers and staying home for the kids.

Good question! I dont teach my children how to accumulate $1m savings. But I ady made my demands to them each must give me back 4 grandchildren. So total 16 grandchildren. I will be happy to look after them as a retirement job! My wife and me love kids. They can go work husband and wives. Of course, each child must supply me 1 maid.

My hb already chope me to spend time with him when he retires He is the priority, not the kids or grandkids. I think because your kids are cared for by your inlaws, you are looking forward to reclaim that period you miss. Ours are 24/7 our job (except first 3yrs), so hb felt he miss nothing. Only his freedom. :scared:[/quote]Everyday see each other either too much sex or will quarrel one. Better find something to do eg look after grandchildren

[sharonkhoo]

jedamum\" post_id=\"1937083\" time=\"1569387420\" user_id=\"159:

From my pov, the truth is, on hindsight, every one is wiser.
My boy said one doesn't need 270 to enter top sec school in Singapore. Why the spending on tuition and endless exam papers drills then? But does one knows if he can hit the cut off point prior to release of results?
Then others can say why must die die go that school? No need to study, all schools are good schools. Be contented. The balance of staying competitive or being complacent - one will know his her decision is correct or wrong when they reach that destination, no?

I was the one who told my daughter that it wasn't necessary to work herself to the bone for an extra few points at PSLE! And I was the one who told her, not that all schools were equally good, but that even if she missed the top few schools, the schools in the next rung were not too different, and it was up to her what she made of where she ended up.

I don't see the that not being competitive is the same as not studying and being complacent. I prefer my kids to focus on doing their best, without caring whether they are better than the rest of their cohort or not. I would certainly come down hard if any child of mine told me \"no need to study\" because they had a safety net, but I tell them that I am prepared to accept any grades as long as they have put in good effort. And by \"good\", I mean working hard while making time for moderate amounts of leisure, enough sleep, some family time, church activities, etc. Maybe they could have scored higher grades if they (and we) had sacrificed more in terms of time, money and stress, but they have both done decently according to their abilities, so we are satisfied.

[MrsKiasu]

my dh says he would like to spend more time with his children before they ‘dont want’ him…kids growing too fast that I sometimes feel I couldn’t seem to catch up even tho I m with them 24/7. soon, after psle, I would really like to spend time with them properly.

[MrsKiasu]

slmkhoo\" post_id=\"1937111\" time=\"1569391879\" user_id=\"28674:

jedamum\" post_id=\"1937083\" time=\"1569387420\" user_id=\"159:

From my pov, the truth is, on hindsight, every one is wiser.
My boy said one doesn't need 270 to enter top sec school in Singapore. Why the spending on tuition and endless exam papers drills then? But does one knows if he can hit the cut off point prior to release of results?
Then others can say why must die die go that school? No need to study, all schools are good schools. Be contented. The balance of staying competitive or being complacent - one will know his her decision is correct or wrong when they reach that destination, no?

I was the one who told my daughter that it wasn't necessary to work herself to the bone for an extra few points at PSLE! And I was the one who told her, not that all schools were equally good, but that even if she missed the top few schools, the schools in the next rung were not too different, and it was up to her what she made of where she ended up.

I don't see the that not being competitive is the same as not studying and being complacent. I prefer my kids to focus on doing their best, without caring whether they are better than the rest of their cohort or not. I would certainly come down hard if any child of mine told me \"no need to study\" because they had a safety net, but I tell them that I am prepared to accept any grades as long as they have put in good effort. And by \"good\", I mean working hard while making time for moderate amounts of leisure, enough sleep, some family time, church activities, etc. Maybe they could have scored higher grades if they (and we) had sacrificed more in terms of time, money and stress, but they have both done decently according to their abilities, so we are satisfied.

yes! my dh and I talked, I told him we are going to celebrate however much or little of the score as I have seen the efforts. I m very happy already..even if need to look for a lower tier school, so what..