Based on current standard of living in SG. How much must u earn monthly so tat u can live comfortablely?

Question

example: able to afford a car, pay ur house loan, going for holiday once a year and still able to save some cash for future needs.

Answer 1

Well it is important to remember u have ur CPF to pay for ur housing loan, which is 32% (20% from urself, 12% from employer) until S$5k, so as long as your CPF can support it, you're pretty fine with a smaller pay cheque.

Well let's see
Daily expenditure: $ 800
Leisure: $ 500
Car: (Toyota), $ 1,000 (including petrol + taxes)
Savings: $ 500
Holiday: ($5,000 / 12) $ 600
Subtotal $ 3,400 (takehome)
Gross $ 4,250 (3,400 / 0.8)

This gives you a CPF contribution of $1,360. (Annual contribution of $16,320. Based on 30 loan period $489,600 (equivalent to $300,000 buying power) you can get probably a new 5 room flat in outskirts area like Sengkang, Punggol, or a resale 4rm flat in mature estate.

Here I am making a few assumptions
- no kids
- single
- constant salary
- no parental support
- constant employment for next 30 years.

Answer 2

$4K should be enough even for a family of 4, provided you don't own a car and don't expect too much. Then you should be lived comfortably in SG.

(ya, for Ryan D, SG = Singapore).

Answer 3

Not enough details. Do you have a family to support? What type of car are you planning on driving? Which area do you live in, do you work in the CBD area?
My family managed the above on about $10K.

Answer 4

If you are single, you need to earn as least S$3000, if you have a family, at least $$7000 household income.

Answer 5

Car : $1,200
House : $1,800
Holiday of 2 : $6,00 /12 = $500
Others : $1500+
Saving : $1000

Total : $6000+
Do you think so.

Answer 6

SG?