Bigmatt140 Neutral Newbie July 5, 2012 Share July 5, 2012 My wife and i are in our early 30s with a young baby. We dont have much savings and we are both grads working decent jobs. I think we only have like 50k savings combined (excluding insurances, CPF). Is this normal? I have to add that we are not spendthrifts. What is the normal savings for average people in my age group leh? ↡ Advertisement Link to post Share on other sites More sharing options...
Tigerwoods Turbocharged July 5, 2012 Share July 5, 2012 You have more than me. I'm in my late forties and I live on credit... Link to post Share on other sites More sharing options...
Bigmatt140 Neutral Newbie July 5, 2012 Author Share July 5, 2012 You have more than me. I'm in my late forties and I live on credit... dun bluff la Link to post Share on other sites More sharing options...
Bigmatt140 Neutral Newbie July 5, 2012 Author Share July 5, 2012 You have more than me. I'm in my late forties and I live on credit... if you count my housing and car loan...then of course i am also living on credit. Link to post Share on other sites More sharing options...
Jamesc Hypersonic July 5, 2012 Share July 5, 2012 50k is a good start! Link to post Share on other sites More sharing options...
Jamesc Hypersonic July 5, 2012 Share July 5, 2012 You have more than me. I'm in my late forties and I live on credit... You are better off than me! No one wants to give me credit! Even the loan sharks swim away from me. Link to post Share on other sites More sharing options...
Tigerwoods Turbocharged July 5, 2012 Share July 5, 2012 dun bluff la Most Sporeans Owe more than the Own. Link to post Share on other sites More sharing options...
Tigerwoods Turbocharged July 5, 2012 Share July 5, 2012 You are better off than me! No one wants to give me credit! Even the loan sharks swim away from me. Because they know you got High end connections with the Polis Link to post Share on other sites More sharing options...
Joseph22 Turbocharged July 5, 2012 Share July 5, 2012 Most Sporeans Owe more than the Own. i owe less than the own leh. who ask everyone one to rush and buy house in central area. sub urban area so nice. and nearer to work place too. Link to post Share on other sites More sharing options...
SimonTan 2nd Gear July 5, 2012 Share July 5, 2012 The recent report of the millionaire household is proof that many family has alot of liquidity cash! I have around $30,000 cash in banks between me n my wife. Also I think another $100,000++(me n wife)locked in CPF n medisaves. Sufficient to tahan 12 months if jobless. Link to post Share on other sites More sharing options...
Lattesurf Neutral Newbie July 5, 2012 Share July 5, 2012 If my car is fully paid up, is it considered an asset or liability? So many ppl says cars is a liability. Link to post Share on other sites More sharing options...
Bigmatt140 Neutral Newbie July 5, 2012 Author Share July 5, 2012 The recent report of the millionaire household is proof that many family has alot of liquidity cash! I have around $30,000 cash in banks between me n my wife. Also I think another $100,000++(me n wife)locked in CPF n medisaves. Sufficient to tahan 12 months if jobless. how can 30k last you and your wife 12 months??? Link to post Share on other sites More sharing options...
Roh96 6th Gear July 5, 2012 Share July 5, 2012 My wife and i are in our early 30s with a young baby. We dont have much savings and we are both grads working decent jobs. I think we only have like 50k savings combined (excluding insurances, CPF). Is this normal? I have to add that we are not spendthrifts. What is the normal savings for average people in my age group leh? Savings and income discussion are sensitive topic lah. There are so many rich ppl in this forum, but when u ask them, they will tell u they earn at most 4k nia. But we can't blame them also, what u want them to say? 400k savings at 30s? Wait ppl start to call them hao lian. Whatever it is, so long as u and your wife are contended and happy with what u have, why bother to ask for others' opinion? Comparing will only make u feel worse. Link to post Share on other sites More sharing options...
Ruriimasu 1st Gear July 5, 2012 Share July 5, 2012 i always see ATM receipt balance of few hundred or low thousands.. hmm.. wonder if this is the real state of singaporeans. or do they have money hidden elsewhere? Link to post Share on other sites More sharing options...
Roh96 6th Gear July 5, 2012 Share July 5, 2012 If my car is fully paid up, is it considered an asset or liability? So many ppl says cars is a liability. How about this, depreciating asset with monthly liability to keep it alive. Giam bo? Link to post Share on other sites More sharing options...
Lattesurf Neutral Newbie July 5, 2012 Share July 5, 2012 How about this, depreciating asset with monthly liability to keep it alive. Giam bo? Sounds good. So it is still an asset with a min PARF. Yay i'm rich! Link to post Share on other sites More sharing options...
Roh96 6th Gear July 5, 2012 Share July 5, 2012 Sounds good. So it is still an asset with a min PARF. Yay i'm rich! Yay...i am happy for u. Link to post Share on other sites More sharing options...
Tigerwoods Turbocharged July 5, 2012 Share July 5, 2012 If my car is fully paid up, is it considered an asset or liability? So many ppl says cars is a liability. It is a depreciating asset so its a liability... ↡ Advertisement Link to post Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In NowRelated Discussions
Related Discussions
Singaporean are unhappy and poor
Singaporean are unhappy and poor
Mother of all scams thread
Mother of all scams thread
Energy Savings / Non Heat up LED Headlights Technology
Energy Savings / Non Heat up LED Headlights Technology
Do You Want To Retire Before 60 ?
Do You Want To Retire Before 60 ?
Singaporean woman goes missing in Spain, family appeals for information
Singaporean woman goes missing in Spain, family appeals for information
This is why we can't have nice things
This is why we can't have nice things
3 Big Money Mistakes Singaporean In Their 30's
3 Big Money Mistakes Singaporean In Their 30's
S'poreans want to buy Newcastle United
S'poreans want to buy Newcastle United