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    What is your savings per mth??

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    • S Offline
      Sammie
      last edited by

      HyperKiasu:
      mrswongtuition:

      However, this is sometimes 'good' cos he got very kpo friends who like to find out how much he is earning, how much I'm earning, how much savings we have, how much we invest and what investments, etc etc. They like to 'hao lian' and compare EVERYTHING.

      my hubby has one friend who always 'update' us about his income....even if we are not interested...

      think he wants to \"show and tell\" 😉

      one other friend who married a PRC (diploma holder only, could speak little Eng ). and this PRC wife found a job (L/C checker, something like that) in a local bank. this man asked us: the bank offer my wife $5k, is it too little?

      Should say 5K is too little and everyone else is being offered more. Some ppls dont know the meaning of blessing. :stupid:

      1 Reply Last reply Reply Quote 0
      • H Offline
        HyperKiasu
        last edited by

        KSP:
        The best is not to talk about $$ with friends or colleagues. Not even with relatives or siblings after marriage. This is speaking from life experience.

        $ is always private & confidential...

        but how about kids' scores/rankings? i found some parents are very eager to compare the kids' (lower primary kids) results.....
        \"what is your kids' ranking in class and cohort\" \"what is his score for Eng, Math, Chinese\"
        were the questions one parent asked me recently....

        have u experienced this ?
        is it common to compare ? :?


        p.s. that parent asked same question to my husband who met her when sent my son to son's club activity and i met her just hours later when i fetched my son...(my son and her son are in same club)

        1 Reply Last reply Reply Quote 0
        • H Offline
          HyperKiasu
          last edited by

          Sammie:
          HyperKiasu:

          [quote=\"mrswongtuition\"]However, this is sometimes 'good' cos he got very kpo friends who like to find out how much he is earning, how much I'm earning, how much savings we have, how much we invest and what investments, etc etc. They like to 'hao lian' and compare EVERYTHING.

          my hubby has one friend who always 'update' us about his income....even if we are not interested...

          think he wants to \"show and tell\" 😉

          one other friend who married a PRC (diploma holder only, could speak little Eng ). and this PRC wife found a job (L/C checker, something like that) in a local bank. this man asked us: the bank offer my wife $5k, is it too little?

          Should say 5K is too little and everyone else is being offered more. Some ppls dont know the meaning of blessing. :stupid:[/quote]haha, i am a å˜īįŽĻ one...duno how to reply....

          1 Reply Last reply Reply Quote 0
          • A Offline
            auntieM
            last edited by

            HyperKiasu,

            umm.. ..like that 5k ah.. sounds rather 'smokey' leh..
            Could it be a 'ruan ruan pong' story? 😉

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            • H Offline
              HyperKiasu
              last edited by

              auntieM:
              HyperKiasu,

              umm.. ..like that 5k ah.. sounds rather 'smokey' leh..
              Could it be a 'ruan ruan pong' story? 😉
              sorri, what is ruan ruan pong story? :oops:

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              • K Offline
                KSP
                last edited by

                HyperKiasu:

                but how about kids' scores/rankings? i found some parents are very eager to compare the kids' (lower primary kids) results.....
                \"what is your kids' ranking in class and cohort\" \"what is his score for Eng, Math, Chinese\"
                were the questions one parent asked me recently....

                have u experienced this ?
                is it common to compare ? :?
                In order not to :offtopic: here I have created a seperate thread http://www.kiasuparents.com/kiasu/forum/viewtopic.php?p=221100#221100 for this discussion.

                1 Reply Last reply Reply Quote 0
                • M Offline
                  mrswongtuition
                  last edited by

                  I do discuss $$$ with my bro cos he just recently started working & has no sense of any financial planning.


                  & he has to know that I’m no longer his money tree cos I’m now on part time teaching.

                  1 Reply Last reply Reply Quote 0
                  • dimsumD Offline
                    dimsum
                    last edited by

                    KSP:
                    The best is not to talk about $$ with friends or colleagues. Not even with relatives or siblings after marriage. This is speaking from life experience.

                    Just wondering, do you tell your parents your mthly salary? I do. I think usually those who earn alot will keep it P&C :lol: However, my mum will often tell me (without me asking) how much her friends and my aunties/uncles' kids are earning. They are very proud of their kids' career achievements and happily shared with her. I won't be surprised my mum told them about my pay too!

                    1 Reply Last reply Reply Quote 0
                    • M Offline
                      mango
                      last edited by

                      24by7mum:
                      I believe that it is not how much you earn but how much you save. I know of people making 20k-30k pm. but can't save. Spend everything! Living the high life. Others making 5 k p.m. have more savings than them. Of course if you are a saver and you earn more, then you will save more! 🙂

                      saving = salary-expenses.

                      If a family with dual income of 10k, take home will be 8k. If the
                      monthly expenses is below 5k, they can easily save 3k and above.

                      So what is the monthly expenses of a family with kids?

                      1 Reply Last reply Reply Quote 0
                      • V Offline
                        verykiasu2010
                        last edited by

                        mango:
                        24by7mum:

                        I believe that it is not how much you earn but how much you save. I know of people making 20k-30k pm. but can't save. Spend everything! Living the high life. Others making 5 k p.m. have more savings than them. Of course if you are a saver and you earn more, then you will save more! 🙂


                        saving = salary-expenses.

                        If a family with dual income of 10k, take home will be 8k. If the
                        monthly expenses is below 5k, they can easily save 3k and above.

                        So what is the monthly expenses of a family with kids?

                        Monthly expenses :

                        1. grocery (wet & dry market), gas, PUB, SCV, household maintenance

                        2. petrol, car park, car maintenance, car insurance, road tax, ERP

                        3. life insurance, medical, dental, givings to parents

                        4. kids' school fees, misc fees, books, uniform, school shoes, stationery, supplemental books, ref books, assessment books, tuition fees, enrichment courses, piano, violin, swimming coaches etc, new clothes

                        4a. diapers, milk powders, clothes, medical etc

                        5. festivals and celebrations / parties - Christmas, CNY, birthdays (young and old folks)

                        6. vacations

                        how much do you all spend on the above ?

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