With family, the amount need to save is much higher, and there no job security in SG anymore...
How much savings do you have?
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With family, the amount need to save is much higher, and there no job security in SG anymore...
ManWearPants said:
Young family today, both have to work till they die just to service their 1st house loan. And they have no choice not to own a house because their cpf money is already reserved for it. It is like you must make the purchase ! You can upgrade(add $) but cannot downgrade !
Model child keep it up I'm sure your parents are very happy this is our way to pay them back
to all the sacrifice they did for us.
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What if they have 10 children???? Woow.... is it possible??? Well, if they are rich.... but I think in some ways..... children gotta grow up.... and learn to take their own responsibility...
One of the main reason I bought a flat is for my kids I may not be able to afford buying them thier own house in the future at least I have something for them to start with..
How many kids do you have??? I do not know how old they are now, but I guess parents have to think a lot and worry alot.....
I have three kids I marry a bit young my eldest now i Sec 4 and 2nd is sec 1 and youngest still long way to go for me :-( K2 only.... As a parent you always think how you can make thing better for your kids so that they wont experience what you have when you're young.... I think I can consider old already as I have three kids at these age hehe...
Anyways being a parents has a lot of responsibilities on your shoulder the future of your kids are in your hands, you're moulding the next generation of citizen so it's up to you how you mould them...
My reserves were wiped out when I bought our first home
Still trying to rebuild; I stuff 50% of my monthly paycheck away
But have had to dip in from time to time
It's uncanny how electrical appliances break down once bonus time arrives...
I was unemployed once, for a really long time, so I still/will always feel insecure
Yet fbofw it changed my world view, how to pare things down to what’s a need and what’s a want
No kids though, from the posts above, that's gonna be a killer!
Still trying to rebuild; I stuff 50% of my monthly paycheck away
But have had to dip in from time to time
It's uncanny how electrical appliances break down once bonus time arrives...
I was unemployed once, for a really long time, so I still/will always feel insecure
Yet fbofw it changed my world view, how to pare things down to what’s a need and what’s a want
No kids though, from the posts above, that's gonna be a killer!
If teenage without supervision or guidance in US or UK, can be led astray into narcotics drug taking.
If exposed to other less developed countries where there are many poor, they may appreciate Singapore more after the visit.
I think for a general rule of thumb, as long as you have enough to cover all the monthly expenses for a minimum of 6 months, it's adequate but risky as you need to bring money home by the 7th month. I've seen high flying couples unemployed for almost a year during bad times & some things are not as "liquid" as they are.
A lot of us are paper rich only. Properties take 4-6months to unlock it's value IF you sold it. Cash will be best provided it holds it's value against other currencies. Still remember Asian crisis? Suddenly Rupiah, Baht etc became very little against USD within weeks. Spooky times :cry:
A lot of us are paper rich only. Properties take 4-6months to unlock it's value IF you sold it. Cash will be best provided it holds it's value against other currencies. Still remember Asian crisis? Suddenly Rupiah, Baht etc became very little against USD within weeks. Spooky times :cry:
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Even in Singapore now, it is important to supervise and guide the kids......
Casinos in SG.... and more people in SG... you really do not know what is going to happen next....
It is if you can afford... also, if your kids have a good job in overseas, they could also pull the family out in worst scenario from Singapore....
Well, at least your kid are 16, 13,..... only the youngest will be a challenge...... It must not be easy to have 3 kids in SG...
It depend on your view on parenthood... some parent do not even bother to guide or teach the kids... and let them run around..... responsible parent will try to their guide their children more.....
