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Inflation coming to hit us hard.


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Hypersonic
On 3/18/2024 at 1:14 PM, Scion said:

 

really? long time never eat there cos they are already expensive back then

ok another on my boycott list

the list growing longer everyday until i got nothing left to eat 😁

Eat healthy...eat more green...😂

giphy (7).gif

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Hypersonic
On 3/18/2024 at 1:14 PM, Scion said:

the list growing longer everyday until i got nothing left to eat 😁

Eat

Air

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Hypersonic
(edited)
On 3/23/2024 at 10:39 AM, inlinesix said:

😂

This one our garment will gladly pat own's back and concede defeat...😁

Edited by mersaylee
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Twincharged
(edited)

sound like stagflation is very real.

 

 

Aussie expat claims a family of 4 needs $320K/year to live in Singapore (msn.com)

Aussie expat claims a family of 4 needs $320K/year to live in Singapore - Singapore News (theindependent.sg)

SINGAPORE: A financial planning expert from Australia has stirred up a fervent online discussion following his assertion that a family of four residing in Singapore requires an annual income of S$320,000 to cover living expenses adequately while maintaining savings.

Jarrod Brown’s video, shared on TikTok on 13 March, quickly went viral, accumulating over 140,000 views. In his video, Mr Brown delineated his financial allocations for surviving in Singapore, with various expenditures such as rent, education, utilities, leisure, medical care, and travel expenses to Australia.

He also claimed the hefty annual income was for ordinary living standards, not luxury living.

Breaking down his monthly expenses, Mr Brown allocated S$6,000 for rent, S$8,000 for his children’s tuition at an international school, S$250 for utilities, S$1,000 for food and groceries, S$100 for public transportation, and S$1,000 for insurance and miscellaneous expenses, totalling S$17,850 monthly.

 

He said these costs accumulate to approximately S$220,000 annually, with additional provisions for savings, travel, and taxes, culminating in an estimated annual expenditure ranging from S$320,000 to S$335,000.

Singaporeans reacting to Mr Brown’s projections were divided.

While some felt the analysis was objective, others contended that Mr Brown’s standard of living exceeds that of the average Singaporean.

A number of Singaporeans felt Mr Brown’s budgeting for food and transportation expenses was unrealistic and exceedingly modest in the current inflationary climate.

Criticism also surfaced regarding the allocation for rent and education, with Singaporeans suggesting that the expat consider exploring more public housing options and local schooling alternatives.

Mr Brown, however, defended the preference for international education, highlighting variances in educational philosophies between countries.

One netizen expressed empathy for Singapore’s high cost of living and disclosed struggles with supporting a family on an annual income of S$150,000.

In response, Mr Brown acknowledged the pervasive impact of inflation on local households, affirming the challenges faced by families navigating Singapore’s financial landscape.

 

 

Edited by Sdf4786k
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Supersonic
(edited)
On 3/28/2024 at 9:21 AM, Sdf4786k said:

sound like stagflation is very real.

 

 

Aussie expat claims a family of 4 needs $320K/year to live in Singapore (msn.com)

Aussie expat claims a family of 4 needs $320K/year to live in Singapore - Singapore News (theindependent.sg)

SINGAPORE: A financial planning expert from Australia has stirred up a fervent online discussion following his assertion that a family of four residing in Singapore requires an annual income of S$320,000 to cover living expenses adequately while maintaining savings.

Jarrod Brown’s video, shared on TikTok on 13 March, quickly went viral, accumulating over 140,000 views. In his video, Mr Brown delineated his financial allocations for surviving in Singapore, with various expenditures such as rent, education, utilities, leisure, medical care, and travel expenses to Australia.

He also claimed the hefty annual income was for ordinary living standards, not luxury living.

Breaking down his monthly expenses, Mr Brown allocated S$6,000 for rent, S$8,000 for his children’s tuition at an international school, S$250 for utilities, S$1,000 for food and groceries, S$100 for public transportation, and S$1,000 for insurance and miscellaneous expenses, totalling S$17,850 monthly.

 

He said these costs accumulate to approximately S$220,000 annually, with additional provisions for savings, travel, and taxes, culminating in an estimated annual expenditure ranging from S$320,000 to S$335,000.

Singaporeans reacting to Mr Brown’s projections were divided.

While some felt the analysis was objective, others contended that Mr Brown’s standard of living exceeds that of the average Singaporean.

A number of Singaporeans felt Mr Brown’s budgeting for food and transportation expenses was unrealistic and exceedingly modest in the current inflationary climate.

Criticism also surfaced regarding the allocation for rent and education, with Singaporeans suggesting that the expat consider exploring more public housing options and local schooling alternatives.

Mr Brown, however, defended the preference for international education, highlighting variances in educational philosophies between countries.

One netizen expressed empathy for Singapore’s high cost of living and disclosed struggles with supporting a family on an annual income of S$150,000.

In response, Mr Brown acknowledged the pervasive impact of inflation on local households, affirming the challenges faced by families navigating Singapore’s financial landscape.

 

 

saw this exact Tiktok in my feeds....my first reaction was that of incredulity but on further thoughts, that is the price Singapore is paying for foreign talents to come in to take over jobs in MNCs that we Singkies with local degree are too underqualified (take note NUS/NTU/SMU) to fill.

MNCs rather pay 350K PA to bring in an FT rather than 350K PA to a local.

 

Edited by Vratenza
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Twincharged
On 3/28/2024 at 9:36 AM, Vratenza said:

saw this exact Tiktok in my feeds....my first reaction was that of incredulity but on further thoughts, that the price Singapore is paying for foreign talents to come in to take over jobs in MNCs that we Singkies with local degree are too underqualified (take note NUS/NTU/SMU) to fill.

MNCs rather pay 350K PA to bring in an FT rather than 350K PA to a local.

 

its because the local mantality is IF you pay me 350K , it must mean u want my life. Plus we being paid so little for so long that we never knew that the salary scale has move so much. So the next time you move, lets try not to lowball ourselves to the next job.

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Hypersonic
On 3/28/2024 at 9:36 AM, Vratenza said:

saw this exact Tiktok in my feeds....my first reaction was that of incredulity but on further thoughts, that the price Singapore is paying for foreign talents to come in to take over jobs in MNCs that we Singkies with local degree are too underqualified (take note NUS/NTU/SMU) to fill.

MNCs rather pay 350K PA to bring in an FT rather than 350K PA to a local.

 

It could be an internal talent on a career track.

 

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Supersonic
(edited)
On 3/28/2024 at 9:36 AM, Vratenza said:

saw this exact Tiktok in my feeds....my first reaction was that of incredulity but on further thoughts, that is the price Singapore is paying for foreign talents to come in to take over jobs in MNCs that we Singkies with local degree are too underqualified (take note NUS/NTU/SMU) to fill.

MNCs rather pay 350K PA to bring in an FT rather than 350K PA to a local.

 


Abothen, you know i know.

Most of my peers are foreigners.  My one up is foreigner too.  

When it comes to retrenchment, so far i only see locals go.   Hhhhm,mmmmmmm, just coincidene i guess, muayhahaha
 

Edited by Throttle2
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Supersonic

I see no way inflation is going to stop so soon.   
they should raise rates or hold them for way longer. 
at least another year before thinking about cuts

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Supersonic
On 3/28/2024 at 9:42 AM, Sdf4786k said:

its because the local mantality is IF you pay me 350K , it must mean u want my life. Plus we being paid so little for so long that we never knew that the salary scale has move so much. So the next time you move, lets try not to lowball ourselves to the next job.

Told you all long ago, $10kpm was new poor.  
 

but people didnt believe me, say i haolian.     See lah..   i always kena bashed for speaking the truth.      Haiz…..

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Supersonic
On 3/28/2024 at 12:27 PM, Throttle2 said:


Abothen, you know i know.

Most of my peers are foreigners.  My one up is foreigner too.  

When it comes to retrenchment, so far i only see locals go.   Hhhhm,mmmmmmm, just coincidene i guess, muayhahaha
 

retrenchment of locals less messy?

Dun need to pluck the kids from expensive International Schools

Dun need to cut lease

Dun need to relocated back home

since locals are paid less, less retrenchment package payout?

 

 

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Supersonic
On 3/28/2024 at 12:58 PM, Vratenza said:

retrenchment of locals less messy?

Dun need to pluck the kids from expensive International Schools

Dun need to cut lease

Dun need to relocated back home

since locals are paid less, less retrenchment package payout?

 

 


orhhhhh, i didnt say hor….you say one……

 

heh heh hehe

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Turbocharged
On 3/28/2024 at 9:42 AM, Sdf4786k said:

its because the local mantality is IF you pay me 350K , it must mean u want my life. Plus we being paid so little for so long that we never knew that the salary scale has move so much. So the next time you move, lets try not to lowball ourselves to the next job.

It's sinkees who creates this mentality.

My last job I was earning good money, but after my ft boss retired, the new local boss kept reminding me almost at every meeting that I have to justify my pay/level, when there were no issues whatsoever before he parachute in. 

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Supersonic
On 3/29/2024 at 8:01 PM, Karoon said:

It's sinkees who creates this mentality.

My last job I was earning good money, but after my ft boss retired, the new local boss kept reminding me almost at every meeting that I have to justify my pay/level, when there were no issues whatsoever before he parachute in. 


some people just cant accept others with good pay.

in my case, my FT boss commented that my fixed pay is amongst the highest of my peers as if i had to justify my salary by working harder.  KNN.

at our level, it isnt about working harder, its more about being effective and being responsible to our people.   CCB


 

 

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Hypersonic

So it’s not whether the boss is FT or local then…haha.

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