really quite different lifestyles.....
when i first started work, after saving, spending on expenses etc.. i always felt poor.
10 years later, pay has gone up, toys have gotten more expensive, but still feel as poor....
i help out at a constituency, meet a lot of families who get by on 1k or soemtimes even less.. and these can be big famlies.
but i know people ... even 20k is not enough..
important thing is live within your means, and enjoy wha life has to offer. if there is one thing i have learnt in this life, it is that money really does not buy happiness.
all the really fun things i do now, have nothing to do with how much one earns.
Last edited by jdredd; 14th July 2008 at 11:35 PM.
09 Oct 09 officially marks the date I become a canon convert.
"It's not how much u earn, it's how much u save" that matters nowadays.
If u really think abt it, even though u get pay increment over last 3 years, ur savings per month may not have increased.
i see pple earning $5k a month, saving less than pple who earn $2k a month.
Damn siong! Even a 4rm flat cost $400k and above in popular areas. Only choice is to go to the outlying areas. There are still options but its getting tougher by the day. Sigh!
Actually all this talk is highly depressing. When I had 1k, I thought when I hit 8k I will be happy...
Now when I am old enough to get a single flat for myself, 8k is peanuts and cannot get me that flat comfortably...
Lets not even talk about marriage and kids...
Nikon D750; FM2; FG; 55mm Micro Nikkor; 28-300 VR; 70-200 VR; Nikon V1 + 10-30mm
my parents have a combined income of about $4000. they raised 2 children, sent one to university, the other to la salle. bought a flat, moved to a bigger one, and had a couple of cars over the last 20 years. my house has broadband, and cable TV. everyone has a mobile phone.
and that's $4,000 now in 2008, before CPF. how did they do it? "cannot also must can"
I would say at least $3000. To be comfortable. Anything below that is pretty tight.
I dont drive a car. But paying for rent is already $500 gone. Insurance another $200 odd. I take cabs around, which costs me about $150 a week. I tend to spend a lot of $$ on food as well. (Although God knows where all that food went to!!! ) I simply cannot stinge on food!!!
I dont shop much (I swear!). I dont buy clothes and shoes often. And even if I do, its hardly ever more than $50 each time.
Just for my work, I guess I buy makeup and skincare products pretty often. (I can always buy new beauty stuff and tell myself its for work...)
I think that one needs to know where to invest your money for your money to work for you instead of just getting a monthly salary
Working out the figures it really doesn't seem possible to save substantially without some form of high return from an investment (or a few investments)
i guess the key is to live within your means... dun create lifestyle...
I worked with young people... their dreams is once they graduate the first thing they want to have is own cars... with $2.5k *faints*
like Mattlock mentioned... put your money into proper investment instruments to have decent yield instead of depending on your wages.
Last edited by rayz; 16th July 2008 at 10:33 AM.
Spend within your mean.
A shirt is a shirt but it can cost from a few dollars to a few hundred.