<![CDATA[What is your savings per mth??]]>Hi hi!!


There has been a discussion on how much money is required to bring up a child.

What about how much do we save or set aside per mth? It seems that most S'poreans are quite rich (driving luxurious car and living in luxury), am juz wondering do you save up at the end of the day?

As for me, i am no where in the category mentioned; juz living in a old HDB estate and a SAHM. Our savings are peanuts as my hubby is the only hardworking sole breadwinner.... πŸ˜‰

]]>https://forum.kiasuparents.com/topic/12347/what-is-your-savings-per-mthRSS for NodeThu, 23 Apr 2026 10:23:01 GMTThu, 15 Jul 2010 04:46:18 GMT60<![CDATA[Reply to What is your savings per mth?? on Mon, 02 Aug 2010 05:01:41 GMT]]>

dimsum:
kids_r_innocent:

[quote=\"24by7mum\"]

what is your job experience? Let me know.

Hi 24by7mum,

Sure!! To keep it confidential, i have pm u. πŸ˜‰

:thankyou:

24by7mum, u run a recruitment agency? Mebe we can have a new thread for Recruitment/Part Time Work :lol:[/quote]Yes but mostly mgt roles. Sometimes clients do look for contract/parttimers etc.

]]>https://forum.kiasuparents.com/post/229230https://forum.kiasuparents.com/post/229230Mon, 02 Aug 2010 05:01:41 GMT<![CDATA[Reply to What is your savings per mth?? on Fri, 30 Jul 2010 04:30:38 GMT]]>

dimsum:


24by7mum, u run a recruitment agency? Mebe we can have a new thread for Recruitment/Part Time Work :lol:
Wow dimsum... tats a gd idea to start a thread for Recruitment/Part-time work and pls add home-based also, hee..... :lol:

]]>https://forum.kiasuparents.com/post/227856https://forum.kiasuparents.com/post/227856Fri, 30 Jul 2010 04:30:38 GMT<![CDATA[Reply to What is your savings per mth?? on Thu, 29 Jul 2010 12:14:49 GMT]]>

kids_r_innocent:
24by7mum:



what is your job experience? Let me know.

Hi 24by7mum,

Sure!! To keep it confidential, i have pm u. πŸ˜‰

:thankyou:

24by7mum, u run a recruitment agency? Mebe we can have a new thread for Recruitment/Part Time Work :lol:

]]>https://forum.kiasuparents.com/post/227447https://forum.kiasuparents.com/post/227447Thu, 29 Jul 2010 12:14:49 GMT<![CDATA[Reply to What is your savings per mth?? on Thu, 29 Jul 2010 11:11:04 GMT]]>

noobparent:
How much you can save also crucially depends on how much you earn.


But definitely should try to save for a rainy day.

Wife and I save more than $3K/month.
Yeah... i agree!! Saving for rainy day is a must coz at the end of the day, we would have to fall back on our own savings. πŸ˜‰

]]>https://forum.kiasuparents.com/post/227404https://forum.kiasuparents.com/post/227404Thu, 29 Jul 2010 11:11:04 GMT<![CDATA[Reply to What is your savings per mth?? on Thu, 29 Jul 2010 07:29:13 GMT]]>How much you can save also crucially depends on how much you earn.


But definitely should try to save for a rainy day.

Wife and I save more than $3K/month.

]]>https://forum.kiasuparents.com/post/227252https://forum.kiasuparents.com/post/227252Thu, 29 Jul 2010 07:29:13 GMT<![CDATA[Reply to What is your savings per mth?? on Thu, 29 Jul 2010 05:08:56 GMT]]>

24by7mum:


what is your job experience? Let me know.
Hi 24by7mum,

Sure!! To keep it confidential, i have pm u. πŸ˜‰

:thankyou:

]]>https://forum.kiasuparents.com/post/227146https://forum.kiasuparents.com/post/227146Thu, 29 Jul 2010 05:08:56 GMT<![CDATA[Reply to What is your savings per mth?? on Wed, 28 Jul 2010 01:50:37 GMT]]>

kids_r_innocent:
dimsum:

[quote=\"kids_r_innocent\"]
Hi... nice to see u here!! Initially, i am oso not used to the loss of financial independence. I used to draw into my own savings until recently when it went dry πŸ˜›

When do you intend to return back to the workforce then? How i wish i could but i am stucked.... 😞

When ah.... mebe Q4 of this year. Mebe u can give tuition or take up some flexi jobs to accumulate a bit of savings?

Hee... dun tink i will be a good tutor. Have been trying to look ard for home based job though but to no avail.... anyone wif any lobang out there??? πŸ˜‰[/quote]what is your job experience? Let me know.

]]>https://forum.kiasuparents.com/post/225902https://forum.kiasuparents.com/post/225902Wed, 28 Jul 2010 01:50:37 GMT<![CDATA[Reply to What is your savings per mth?? on Tue, 27 Jul 2010 15:00:37 GMT]]>

dimsum:
kids_r_innocent:


Hi... nice to see u here!! Initially, i am oso not used to the loss of financial independence. I used to draw into my own savings until recently when it went dry πŸ˜›

When do you intend to return back to the workforce then? How i wish i could but i am stucked.... 😞

When ah.... mebe Q4 of this year. Mebe u can give tuition or take up some flexi jobs to accumulate a bit of savings?

Hee... dun tink i will be a good tutor. Have been trying to look ard for home based job though but to no avail.... anyone wif any lobang out there??? πŸ˜‰

]]>https://forum.kiasuparents.com/post/225707https://forum.kiasuparents.com/post/225707Tue, 27 Jul 2010 15:00:37 GMT<![CDATA[Reply to What is your savings per mth?? on Tue, 27 Jul 2010 03:30:12 GMT]]>

Eagle-Ladybird:
No la, it depends on the topic. Something like \"savings\" and \"finance\" will definitely attract the bean counters, yeah. You try to start a topic on cars, I'm sure most of the daddies will come and actively participate, but daddies are no way the majority here . . . πŸ˜„

haha, well said. anyway, always tot the MIL thread will always attract those mummies with problems wif in-laws anyway hehe...

]]>https://forum.kiasuparents.com/post/225232https://forum.kiasuparents.com/post/225232Tue, 27 Jul 2010 03:30:12 GMT<![CDATA[Reply to What is your savings per mth?? on Tue, 27 Jul 2010 03:26:24 GMT]]>

Eagle-Ladybird:
No la, it depends on the topic. Something like \"savings\" and \"finance\" will definitely attract the bean counters, yeah. You try to start a topic on cars, I'm sure most of the daddies will come and actively participate, but daddies are no way the majority here . . . πŸ˜„


Errr... we no longer count beans. We are now business partners πŸ˜‰

]]>https://forum.kiasuparents.com/post/225226https://forum.kiasuparents.com/post/225226Tue, 27 Jul 2010 03:26:24 GMT<![CDATA[Reply to What is your savings per mth?? on Tue, 27 Jul 2010 03:04:20 GMT]]>No la, it depends on the topic. Something like \"savings\" and \"finance\" will definitely attract the bean counters, yeah. You try to start a topic on cars, I'm sure most of the daddies will come and actively participate, but daddies are no way the majority here . . . πŸ˜„

]]>https://forum.kiasuparents.com/post/225211https://forum.kiasuparents.com/post/225211Tue, 27 Jul 2010 03:04:20 GMT<![CDATA[Reply to What is your savings per mth?? on Tue, 27 Jul 2010 02:40:36 GMT]]>

tree nymph:
wah, so many accountants here. no wonder!

haha, does it mean accountants more likely to be kiasuparents? shld do a poll and see which industry does most of the kiasuparents fall under! :lol:

]]>https://forum.kiasuparents.com/post/225184https://forum.kiasuparents.com/post/225184Tue, 27 Jul 2010 02:40:36 GMT<![CDATA[Reply to What is your savings per mth?? on Mon, 26 Jul 2010 17:18:51 GMT]]>

jedamum:

Agree with your disagreement. πŸ˜„
but it is really difficult for these families to increase their monthly income.
the only best way out is to think long term and invest in their kids by ensuring that the kids value the opportunities for studies as well as value their parents.
As usual, OT already...:oops:
True, OT again...

but what you said is true too, like how our parents invested in us. So that we can earn more and thus a better life... really have to be grateful to our parents!

]]>https://forum.kiasuparents.com/post/225054https://forum.kiasuparents.com/post/225054Mon, 26 Jul 2010 17:18:51 GMT<![CDATA[Reply to What is your savings per mth?? on Mon, 26 Jul 2010 15:46:29 GMT]]>

tree nymph:
The only way to save for the family is to increase their monthly income.

Agree with your disagreement. πŸ˜„
but it is really difficult for these families to increase their monthly income.
the only best way out is to think long term and invest in their kids by ensuring that the kids value the opportunities for studies as well as value their parents.
As usual, OT already...:oops:

]]>https://forum.kiasuparents.com/post/225042https://forum.kiasuparents.com/post/225042Mon, 26 Jul 2010 15:46:29 GMT<![CDATA[Reply to What is your savings per mth?? on Mon, 26 Jul 2010 15:32:18 GMT]]>

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! πŸ™‚

i don't quite agree to this statement.

while i agree that there are people who live the high life and no savings at all, there are also others who really can't save much, simply because they don't earn much. There are a lot of examples around.

if a family of four has a household income of $2k - $3k a month, stays in a 3-rm hdb flat. they will need to pay for housing loan, put simple food on the table, grocery, and if the kids are small, maybe full time childcare, or school fees, tuition fees, uniforms, school books etc. transportation is another expense that cannot cut, unless all of them walk to work and to school (can't imagine me walking to and fro work - about 15km journey). The only way to save for the family is to increase their monthly income.

]]>https://forum.kiasuparents.com/post/225040https://forum.kiasuparents.com/post/225040Mon, 26 Jul 2010 15:32:18 GMT<![CDATA[Reply to What is your savings per mth?? on Mon, 26 Jul 2010 15:19:41 GMT]]>wah, so many accountants here. no wonder!

]]>https://forum.kiasuparents.com/post/225038https://forum.kiasuparents.com/post/225038Mon, 26 Jul 2010 15:19:41 GMT<![CDATA[Reply to What is your savings per mth?? on Sun, 25 Jul 2010 11:54:49 GMT]]>we have only 1 expenditure account for withdrawal of $$, giro payment of bills and other giro payment; dh will balance that account with our cheque book account to ensure that all expenses are captured in that account; that account is where dh input his entire pay. at the end of the month, the bank will send a detailed statement of what are the withdrawals/transfers. i will take a look to see if we save a certain amount (which was rather consistant); but at the end of the day, part of these savings go into sons’ quarterly enrichment fee payment and vehicle repair etc which will reflect an anomaly huge expenditure for that particular months; so essentially the savings comes from bonuses.

]]>https://forum.kiasuparents.com/post/224445https://forum.kiasuparents.com/post/224445Sun, 25 Jul 2010 11:54:49 GMT<![CDATA[Reply to What is your savings per mth?? on Sun, 25 Jul 2010 11:20:32 GMT]]>

pummanuel:
My husband and I are both accountants too. However, I've quitted my job to become a SAHM after my daughter was born.


I think an effective way to save is to prepare a set of accounts for the family finances. I started this after watching Korean dramas where the wives would keep the books for the family finances.

I used to prepare a balance sheet and a cash flow statement every calendar year. The balance sheet states all the assets & liabilities, eg bank balances, CPF balances, cost of house net of outstanding loan, investments, etc to enable you to assess the net position you are in. I also prepared sub-schedules for the bank accounts, credit card and daily expenses(categorised) to keep track of our expenses.

Every month, I would compare the expenses against the budget I worked out at the beginning of the year. If it exceeded, I would review the reasons for the overrun and write explanatory notes. The same applied when there was excess savings. I would take these into account when I prepared next year's budget. End of the year, I would ask my husband to 'audit' the accounts. Hehe...

I used to budget 1/3 for expenses, 1/3 for investments & insurance, 1/3 for savings. Bonuses are extra savings. We used to be able to save decently when we did this. Besides helping to improve savings, it also enabled me to monitor his spending, in a good sense. For eg, my husband actually bought air tickets for his biz trip using his personal credit card but forgot to claim for it. It was uncovered when I updated the accounts.

However, I've not been updating for the past 2 years. :oops: Time to revisit the files.
wow! even conduct variance analysis and annual audit ah? obviously your hubby lacks the financial \"controls\" in place to check whether all his claims r duly and timely made right? hehe, the accountant in me just can't resist it! :lol:

]]>https://forum.kiasuparents.com/post/224443https://forum.kiasuparents.com/post/224443Sun, 25 Jul 2010 11:20:32 GMT<![CDATA[Reply to What is your savings per mth?? on Sun, 25 Jul 2010 08:04:00 GMT]]>

pummanuel:
I think an effective way to save is to prepare a set of accounts for the family finances. I started this after watching Korean dramas where the wives would keep the books for the family finances.


I used to prepare a balance sheet and a cash flow statement every calendar year. The balance sheet states all the assets & liabilities, eg bank balances, CPF balances, cost of house net of outstanding loan, investments, etc to enable you to assess the net position you are in. I also prepared sub-schedules for the bank accounts, credit card and daily expenses(categorised) to keep track of our expenses.

Every month, I would compare the expenses against the budget I worked out at the beginning of the year. If it exceeded, I would review the reasons for the overrun and write explanatory notes. The same applied when there was excess savings. I would take these into account when I prepared next year's budget. End of the year, I would ask my husband to 'audit' the accounts. Hehe...
Serious ? Audit too ? :shock: Wow . . I'm impressed, to say the least

]]>https://forum.kiasuparents.com/post/224410https://forum.kiasuparents.com/post/224410Sun, 25 Jul 2010 08:04:00 GMT<![CDATA[Reply to What is your savings per mth?? on Sun, 25 Jul 2010 02:34:00 GMT]]>My husband and I are both accountants too. However, I've quitted my job to become a SAHM after my daughter was born.


I think an effective way to save is to prepare a set of accounts for the family finances. I started this after watching Korean dramas where the wives would keep the books for the family finances.

I used to prepare a balance sheet and a cash flow statement every calendar year. The balance sheet states all the assets & liabilities, eg bank balances, CPF balances, cost of house net of outstanding loan, investments, etc to enable you to assess the net position you are in. I also prepared sub-schedules for the bank accounts, credit card and daily expenses(categorised) to keep track of our expenses.

Every month, I would compare the expenses against the budget I worked out at the beginning of the year. If it exceeded, I would review the reasons for the overrun and write explanatory notes. The same applied when there was excess savings. I would take these into account when I prepared next year's budget. End of the year, I would ask my husband to 'audit' the accounts. Hehe...

I used to budget 1/3 for expenses, 1/3 for investments & insurance, 1/3 for savings. Bonuses are extra savings. We used to be able to save decently when we did this. Besides helping to improve savings, it also enabled me to monitor his spending, in a good sense. For eg, my husband actually bought air tickets for his biz trip using his personal credit card but forgot to claim for it. It was uncovered when I updated the accounts.

However, I've not been updating for the past 2 years. :oops: Time to revisit the files.

]]>https://forum.kiasuparents.com/post/224353https://forum.kiasuparents.com/post/224353Sun, 25 Jul 2010 02:34:00 GMT<![CDATA[Reply to What is your savings per mth?? on Sun, 25 Jul 2010 01:06:00 GMT]]>

DesertWind:
MMM:

The other day, hubby was asking... what is your per annum now? I was like :? I can only remember last year's figure.


Hi MMM,
And you are an accountant? πŸ˜›
πŸ˜‰ Joking lah! I also an accountant and also cannot remember what is my per annum. Even per month can only remember the take-home part!

As for savings, recently then adopted the \"save before you spent\" advice by putting on giro transfer a sum of savings first. With that, nowadays I don't even bother to track the expenses already because in the past it was after tracking then save! Wonder why I have not done this earlier? :idea:
:celebrate:

Once, I tried to determine what were our \"fixed\" expenses. I divided them up into House, Car, Others & Kids.

If got to a point where I simply got depressed counting how much I spent each month that I simply gave up ... 😒

In essence, I save hardly 5% of my monthly income. And we as a family don't really spend extravagently.

My savings actually comes mostly from my bonuses.

Gecko

Gecko

]]>https://forum.kiasuparents.com/post/224335https://forum.kiasuparents.com/post/224335Sun, 25 Jul 2010 01:06:00 GMT<![CDATA[Reply to What is your savings per mth?? on Sat, 24 Jul 2010 09:36:19 GMT]]>

MMM:
The other day, hubby was asking... what is your per annum now? I was like :? I can only remember last year's figure.

Hi MMM,
And you are an accountant? πŸ˜›
πŸ˜‰ Joking lah! I also an accountant and also cannot remember what is my per annum. Even per month can only remember the take-home part!

As for savings, recently then adopted the \"save before you spent\" advice by putting on giro transfer a sum of savings first. With that, nowadays I don't even bother to track the expenses already because in the past it was after tracking then save! Wonder why I have not done this earlier? :idea:
:celebrate:

]]>https://forum.kiasuparents.com/post/224211https://forum.kiasuparents.com/post/224211Sat, 24 Jul 2010 09:36:19 GMT<![CDATA[Reply to What is your savings per mth?? on Thu, 22 Jul 2010 03:39:40 GMT]]>

verykiasu2010:
mango:

[quote=\"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! πŸ™‚


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 ?[/quote]
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

1+2+4 - $3k
3 :life health insurance paid yearly, giving to parents -$2k/month
maid - 0.5k
total : 5.5k

]]>https://forum.kiasuparents.com/post/222316https://forum.kiasuparents.com/post/222316Thu, 22 Jul 2010 03:39:40 GMT<![CDATA[Reply to What is your savings per mth?? on Wed, 21 Jul 2010 05:27:08 GMT]]>

tankee:
ter_wen:

i see many response is savings PER MONTH is > S$3k.


serious?!


lower income parents too busy working earning money to come here to chit chat :siam:

Those logged into here are those have got time and some level of privacy in the office like having their own room. Some could be staying at home (already made it financially). I don't think anyone dare to openly surf internet in the office.

]]>https://forum.kiasuparents.com/post/221705https://forum.kiasuparents.com/post/221705Wed, 21 Jul 2010 05:27:08 GMT