Average Salary To Live Comfortably In Singapore

[Guest Reality]

11 hours ago, jackie said:

Here an update:

 

https://vulcanpost.com/663566/salary-guide-singapore-2019/?fbclid=IwAR1_ErXUGp3VkwrpcFMa3UZG05j2J-4mULwfmk7sG1gYkGXG_IV_XZ7nrNk

 

For you review to see whether to change job, ask for increment or hang on to your ricebowl and work hard this weekend

Yes in theory but not in reality. 

[Guest Finance]

Depends on your financial requirements.

 

If you lead a simple life, take public transport and live with parents, you won't need to earn as much.

 

But if you intend to buy a house and car in the future, it's been calculated before, I think minimum gross $7-8k per month to go by.

[Letsrelaxpp]

Thats why u see super long queue for toto when the top prize snowball....is pretty sad for a country when the only hope of its people is to strike lottery

[Guest Reality]

2 hours ago, robin said:

My mom’s annual hospitalization insurance is already nearly $10K & mine is around $6K. Plus  other expenses listed above by the other members (allowance to mom, housing loan, other insurance, own expenses etc), I cannot imagine how much one has to earn will be  considered as enough & when can one ever not be at the mercy of his employer.  Only way out is either strike lottery, doing own business or investment.

 

Savings from employment is definitely not the answer! 

 

 

Change of garment will eliminate all your fears of feeling insecure about growing old and poor.

[lovehandle]

4 hours ago, robin said:

My mom’s annual hospitalization insurance is already nearly $10K & mine is around $6K. Plus  other expenses listed above by the other members (allowance to mom, housing loan, other insurance, own expenses etc), I cannot imagine how much one has to earn will be  considered as enough & when can one ever not be at the mercy of his employer.  Only way out is either strike lottery, doing own business or investment.

 

Savings from employment is definitely not the answer! 

 

 

i trust the higher the age group, the higher the hosp/medical insurance premiums
Plus esp if u get  a full rider

i felt too young dont have to get medical but when closer to 40yo,  have to start 

but it is good to do savings by investment (or any forms that comes w returns) for long term planning
While my parents have elderly's ailments generally. they dont really get hospitalised for big cases
Premiums for such insurance are expense off (that generate no returns) and most of the times we dont aim to stay in such "hotels" luxuriously (ie we hardly aim for A or B+ ward , the future follow up at specialist clinic is Gonna come costly and the medication too)

if  u  have a medical case w strong need of Long -term follow up , bettter dont take the luxurious class
if u have a one off case eg pneumonia (wont need follow up at all) that need to be warded, then u can take a higher-class ward
n there is NOTHING to enjoy in such hotels(your determination is to get discharge asap) - so there is nothing "feel-good" to opt to stay in better wards (services by Doc and nurses are the same thru out) nothing fanciful in the menu (even though u can choose the food from a menu, hosp food are still hosp food)

 

[robin]

10 hours ago, -Ignored- said:

i trust the higher the age group, the higher the hosp/medical insurance premiums
Plus esp if u get  a full rider

While my parents have elderly's ailments generally. they dont really get hospitalised for big cases
Premiums for such insurance are expense off (that generate no returns) and most of the times we dont aim to stay in such "hotels" luxuriously (ie we hardly aim for A or B+ ward , the future follow up at specialist clinic is Gonna come costly and the medication too)

 

 

Many of us had the idea that buying a better class/ward insurance is for comfort purposes. It is a misconception. 

 

If one observe carefully,  old folks, when they are admitted to hospital (especially for a certain period of time), many did not live to leave the place. Reason is becoz they are exposed & became infected by the bacteria carried by other patients. Talk to doctors & most of them will agree with this. My dad is an example of such a case.

 

Another reason for having a good insurance is the level of medical care. In a 6-12 beds ward, only one doctor (I don’t mean those medical students who are sent for attachment) is in-charge of the entire ward & he will spend only few mins a day to see all the patients in the ward.  There was once I was admitted into one of these wards. Every 2 hours throughout the night, I have a different medical student coming to me to request for me to explain my condition to him so he can write his report! One of them even draw my blood for the wrong reason! 

 

It is true that mount e Novena hospital serves abalones & lobsters to their patients on a daily basis. But that is not the reason why I get a good insurance for my parents & myself 

 

Sorry for sharing about insurance here (I am not an agent). Enough said from me, back to main topic about earning enough. Thanks 

Edited May 12, 2019 by robin

[robin]

12 hours ago, Guest Reality said:

Change of garment will eliminate all your fears of feeling insecure about growing old and poor.

Please do not use what I have shared to achieve your personal agenda

Edited May 12, 2019 by robin

[upshot]

13 hours ago, Guest Reality said:

Change of garment will eliminate all your fears of feeling insecure about growing old and poor.

 

I think a change of govt does not ALWAYS will mean things will be better and never worst. You have no crystal ball that can give you proof but just word of mouth from people who just like to think change will bring about good. But history also have shown that many in politics in the past, have promise that and when they over-take... did not change it but made it worst. That include Obama who made political changes but when in office did not do all he said he would.

[Zackling]

If we do intend to overthrow the current system, Singaporeans must have the balls to stand up against the system and revolt thru the votes. its to show the system that its the people that runs the govt not the other way round. 

Edited May 12, 2019 by Zackling

[Guest Fatty]

7 hours ago, upshot said:

 

I think a change of govt does not ALWAYS will mean things will be better and never worst. You have no crystal ball that can give you proof but just word of mouth from people who just like to think change will bring about good. But history also have shown that many in politics in the past, have promise that and when they over-take... did not change it but made it worst. That include Obama who made political changes but when in office did not do all he said he would.

Yes, opposition have no track records.

[feedersmiracle]

Wait I thought current topic is how much to live comfortably in Singapore.

 

First job, 1+ years, below 3k. Still think is not enough even if I only spend 400 on expenses every month...

Edited May 12, 2019 by feedersmiracle

[lovehandle]

U r true abt this!!!!!!!!

i been telling many that fastfd and kopitiams r never cheap in sg

i m shocked by many who can afford a can drink!!!

1 hour ago, feedersmiracle said:

Wait I thought current topic is how much to live comfortably in Singapore.

 

First job, 1+ years, below 3k. Still think is not enough even if I only spend 400 on expenses every month...

Otah r not seen as vege and separately charged:

https://www.facebook.com/313372322082093/posts/2195941890491784?s=1218207684&sfns=mo

 

 

all r crying online

[Letsrelaxpp]

8 hours ago, Zackling said:

If we do intend to overthrow the current system, Singaporeans must have the balls to stand up against the system and revolt thru the votes. its to show the system that its the people that runs the govt not the other way round. 

Almost impossible,  firstly local got no ball....secondly we are obsessed with brands, the longer it had been around the better, lastly and sadly there arent any better options available...the best option is still to earn sgd and spent rm. 

[feedersmiracle]

3 hours ago, -Ignored- said:

U r true abt this!!!!!!!!

i been telling many that fastfd and kopitiams r never cheap in sg

i m shocked by many who can afford a can drink!!!

Otah r not seen as vege and separately charged:

https://www.facebook.com/313372322082093/posts/2195941890491784?s=1218207684&sfns=mo

 

 

all r crying online

Each vege 2 dollar. Lol.

[lovehandle]

yes, in fact, plain green/vege/leafy vege are considered as vege

When vege decorated w abit of bak chor (ie minced meat ) or other extra stuff 

To me fishcake is not a meat
but many stalls will consider special items as a higher pricing

Which is why it is highly costly to survive in sg 
(either biz will cut down on labour/costs) 
we were all talking many shops in jewel cannot survive for too long (Changi woo them over w gimmicks but...)

(

[Blogger Adam]

On 1/30/2014 at 7:49 AM, Guest QQ said:

Hi guys

What is the average salary that one should earn to be able to live comfortably in Singapore?

Bear in mind that we are gays and don't have wives to share financial burdens?

Do most of us earn around $5 to $6K per month here ?

 

When I was in NS, someone from the financial sector was invited to our unit for a talk.

 

I took home one of the most valuable pieces of advice... that if you can live with, say $900 when you're in University, you can live with $900 as a young working adult.

 

I did just that, and made sure that I spent within my means.

 

At age 25, when I started out after graduating, my takehome pay was a miserable S$1,400.

 

I applied that principle to my life.

 

At age 40, I am still spending an average of S$900 a month. Yet, I'm still able to buy food and drinks for my friends and family.

 

My partner - himself a very financially savvy person - has imparted one more mantra to me:

 

It's not how much you earn. It's how much you save.

[Letsrelaxpp]

900 a month is really not easy and is either u have fully paid your house or staying with parent,  otherwise rental would already cost 600, add in transport and food easily over 1k liao. 

[LeanMature]

To live comfortably after retirement, you cannot depend on cpf alone.  You need to have a supplement income like rental or dividends etc.

[Ahseng_]

For me to live comfortably after retirement is around $400. Which I am planning to retired at age 39 or 40

 

I started saving since I am in primary school. And my frugal lifestyle do help me a lot.

 

 

Here a breakdown on what I spend monthly.

 

Transport cap at $50

Fiber at 29

SCC at 35

PUB at 70

Food at 100 to 110

 

 

The rest off the 80 to 100 is for buffer, inflation and rollover for future.

 

 

The thing that help me save and be self sufficient and self sustainability due to off grid living, Eco friendly etc....

[LeanMature]

34 minutes ago, Ahseng_ said:

For me to live comfortably after retirement is around $400. Which I am planning to retired at age 39 or 40

 

I started saving since I am in primary school. And my frugal lifestyle do help me a lot.

 

 

Here a breakdown on what I spend monthly.

 

Transport cap at $50

Fiber at 29

SCC at 35

PUB at 70

Food at 100 to 110

 

 

The rest off the 80 to 100 is for buffer, inflation and rollover for future.

 

 

The thing that help me save and be self sufficient and self sustainability due to off grid living, Eco friendly etc....

 

Your breakdown is based on today rate.  After 10 years, your $450 Is not enough.

[Ahseng_]

18 minutes ago, LeanMature said:

 

Your breakdown is based on today rate.  After 10 years, your $450 Is not enough.

This one no issue, I can always work few hr for weekend.

 

 

No money I can work to earn, no time I cannot buy back

[Garyl]

52 minutes ago, Ahseng_ said:

This one no issue, I can always work few hr for weekend.

 

 

No money I can work to earn, no time I cannot buy back

Bro,.. sorry for asking... what is your finance literary level?

If high. like financial planner ,etc.. can share your thinking for this level - medical plan. etc, holidaying, life enjoyment etc.

If not high, I think it;s definitely wishful thinking.

This definitely cannot be termed as "living". 

Edited May 15, 2019 by Garyl

[Ahseng_]

12 minutes ago, Garyl said:

Bro,.. sorry for asking... what is your finance literary level?

If high. like financial planner ,etc.. can share your thinking for this level - medical plan. etc, holidaying, life enjoyment etc.

If not high, I think it;s definitely wishful thinking.

This definitely cannot be termed as "living". 

Different ppl define living differently

 

To some ppl eating at restaurants, travel, is living

 

To some, live a simple life is living

Edited May 15, 2019 by Ahseng_

[Garyl]

13 hours ago, Ahseng_ said:

Different ppl define living differently

 

To some ppl eating at restaurants, travel, is living

 

To some, live a simple life is living

Bro, i know. But $400 a month.. i think need to tgt higher level  , if possible.

[LeanMature]

18 hours ago, Ahseng_ said:

Different ppl define living differently

 

To some ppl eating at restaurants, travel, is living

 

To some, live a simple life is living

 

If $400 can make a simple living, there won't be so many elderly people working beyond 65.

[Ahseng_]

6 hours ago, Garyl said:

Bro, i know. But $400 a month.. i think need to tgt higher level  , if possible.

 

Yes it possible, I just need to trade my time for money

[Ahseng_]

1 hour ago, LeanMature said:

 

If $400 can make a simple living, there won't be so many elderly people working beyond 65.

I guess biogas, compost, Growing veggies, DIY, solar must be new to you

[Garyl]

41 minutes ago, Ahseng_ said:

I guess biogas, compost, Growing veggies, DIY, solar must be new to you

bro..you done before. ?

i dont think pple can live with $450 even in bkk..

where you going to stay?

what if you fall sick?

what if you want to buy condom in Singapore for fxx.

what if you need buy lubricant in singapore for fxx.

what if you want to get a bigger dildo?

what if.. you want to watch avengers ?

[LeanMature]

1 hour ago, Ahseng_ said:

I guess biogas, compost, Growing veggies, DIY, solar must be new to you

 

New or not new, the fact is, many elderly people are still working beyond 65 to sustain a living.

[Guest Top in everything.]

4 hours ago, LeanMature said:

 

If $400 can make a simple living, there won't be so many elderly people working beyond 65.

It is possible if one is healthy.  Those elderly people who worked beyond 65 and even collecting cardboards are trying to pay for the hefty medical cost as we all know Singapore has the highest medical cost in the world.

[Ahseng_]

4 hours ago, Garyl said:

bro..you done before. ?

i dont think pple can live with $450 even in bkk..

where you going to stay?

what if you fall sick?

what if you want to buy condom in Singapore for fxx.

what if you need buy lubricant in singapore for fxx.

what if you want to get a bigger dildo?

what if.. you want to watch avengers ?

I am doing it now, for the pass 20yr. My spend is on average less then 400 for the pass 20yr.

 

If I fall small sick I can afford. If it big sickness, like cancer , 1 million also not enough

 

If you outside you see a fat guy wearing torn t shirt. Or someone eat leftover fries at fast food, that me

 

I got a bto  which will be ready in 2021 or 2022 which is already fully paid.

 

If I need to fxx, i got my hand

[Ahseng_]

3 hours ago, LeanMature said:

 

New or not new, the fact is, many elderly people are still working beyond 65 to sustain a living.

With the sickness I got, I dont have much heathty time left

[Ahseng_]

2 hours ago, Guest Top in everything. said:

It is possible if one is healthy.  Those elderly people who worked beyond 65 and even collecting cardboards are trying to pay for the hefty medical cost as we all know Singapore has the highest medical cost in the world.

 

That of the main reason why I decided to retired before 41 or 40. 

 

To enjoy hiking, spending time on my mini food source, take thing slowly or to start, then go home pull my own noodles to make a simple Dan Dan noodles or to make some Irish cream cheesecake etc......

 

 

I guess I got 20 to 30yr of heathty years left before I lose the battle with this sickness

[Guest AhLian]

10 minutes ago, Ahseng_ said:

With the sickness I got, I dont have much heathty time left

Not much time left then why paid for a bto to be ready in 2021/22?

[Guest Ah Beng]

1 hour ago, Guest AhLian said:

Not much time left then why paid for a bto to be ready in 2021/22?

Singapore culture, I guess.  Must follow other people footsteps, otherwise being called negative if you don't fit into somone's mould.

[mate69]

33 minutes ago, Guest Ah Beng said:

Singapore culture, I guess.  Must follow other people footsteps, otherwise being called negative if you don't fit into somone's mould.

 

such foolish and naive way of thinking.

typical sg way of culture and mentality.

 

[fab]

I know quite a few persons who retired at early 40s.

 

One of them inherited 3condo n collecting rental.

 

Another one rents out his condo n flat n stays in jb.

 

Another one rents out his flat n stays with his parents.

[Garyl]

2 hours ago, Ahseng_ said:

I am doing it now, for the pass 20yr. My spend is on average less then 400 for the pass 20yr.

 

If I fall small sick I can afford. If it big sickness, like cancer , 1 million also not enough

 

If you outside you see a fat guy wearing torn t shirt. Or someone eat leftover fries at fast food, that me

 

I got a bto  which will be ready in 2021 or 2022 which is already fully paid.

 

If I need to fxx, i got my hand

Thanks bro for reply.

I thought topic is live comfortably.. not live miserly or barely living. If comfortable only to you, then your answer  of $400 not relevant le..

 

[Guest Ah Beng]

1 hour ago, mate69 said:

 

such foolish and naive way of thinking.

typical sg way of culture and mentality.

 

See?  I told you already.  Must fit into other people thinking otherwise being called.....

[Guest 89 baby]

I am in the sales industry and stay with my parents.

On average, i bring back home ard 2.2k; after cfp. Depends on the commission i get. Lowest so far is 2k.

I pay the bills at home, insurance, and budget on my daily spending and transportation, put aside some money on savings. Everything goes up to 1.7k.

Usually im left with ard 400-500 spare to spend on anything that i want. 

 

No credit card no car no loan or anything.

 

I am fairly comfortable. For now.

If i were to buy a house, i will need more than that. Im planning to buy a house on my own when i reach 35; in 5 years time. 

I can forsee that with this salary, it wont be sufficient for me if i were to own a house. 

 

I guess anything above 3k after cpf, is enough to live comfortably with a house.  

 

Btw i know this is out of the topic, but anyone have any suggestion on how i can make more money with what i have? 

Besides investment. 

[Guest Ben]

On 1/30/2014 at 7:49 AM, Guest QQ said:

Hi guys

What is the average salary that one should earn to be able to live comfortably in Singapore?

Bear in mind that we are gays and don't have wives to share financial burdens?

Do most of us earn around $5 to $6K per month here ?

 

I’m receiving $18K a month. Living alone in a very nice condo within CBD. I live comfortably but still feeling empty.

[Guest A gift]

2 hours ago, Guest Ben said:

 

I’m receiving $18K a month. Living alone in a very nice condo within CBD. I live comfortably but still feeling empty.

I earn 2k only but I have a good husband. We both live humbly for the rest of our life. I couldn't ask for more.

[mate69]

blah blah blah....

no need seek validation and compare with others.

just live your own life the way u want it/know it.

 

 

[lonelyglobe]

2 hours ago, Guest Ben said:

 

I’m receiving $18K a month. Living alone in a very nice condo within CBD. I live comfortably but still feeling empty.

No problem...18k can afford to rent boys to fill your emptiness and then live fucking comfortably ha.....

[Guest Ha!]

12 hours ago, Guest 89 baby said:

I am fairly comfortable. For now.

If i were to buy a house, i will need more than that. Im planning to buy a house on my own when i reach 35; in 5 years time. 

I can forsee that with this salary, it wont be sufficient for me if i were to own a house. 

 

I guess anything above 3k after cpf, is enough to live comfortably with a house.  

 

Can buy a 2-room BTO (direct from HDB and cheaper), and better start booking as the waiting time might be long.  All you need is a roof to stay and enjoy your free time, no need to compare with other people who stay in fucking condo with a lifetime of debt.

[Steve5380]

19 hours ago, Guest Top in everything. said:

Those elderly people who worked beyond 65 and even collecting cardboards are trying to pay for the hefty medical cost as we all know Singapore has the highest medical cost in the world.

 

Are you sure?  I thought that we Americans have the sad distinction of having the highest healthcare cost per capita in the world.

 

 

15 hours ago, Garyl said:

 

I thought topic is live comfortably.. not live miserly or barely living. If comfortable only to you, then your answer  of $400 not relevant le..

 

 

It is still relevant how a low income can provide comfortable living.  It is giving good example!

In my experience frugality is a virtue, and also can be a source of satisfaction and pride.  It is NOT misery and does not deprive as long as comfort is there.

 

For many decades my family house has been paid, and its only expense is taxes and some upkeeping.  My cars are paid, and I have no credit card nor any other debt. 

I have been retired for 20 years and I live well with 60% of my income from pension and social security.  Inflation will have to increase much, even with Donald Trump, for me having to tap into any retirement funds.  Yet I am comfortable and don't miss anything.  My clothes are old, I don't eat in restaurants, I have ALL the electronics I want, and my medical insurance is low with Medicare.  I don't "see" fashion, expensive decoration, luxury.  But I have the best luxury in the world:  I own all of my time.

 

If one day I fall in love with a woman and she wants me to buy her a $100,000 diamond,  I can do it without taking any debt.  But I doubt that this will happen  

 

[Garyl]

48 minutes ago, Steve5380 said:

 

Are you sure?  I thought that we Americans have the sad distinction of having the highest healthcare cost per capita in the world.

 

 

 

It is still relevant how a low income can provide comfortable living.  It is giving good example!

In my experience frugality is a virtue, and also can be a source of satisfaction and pride.  It is NOT misery and does not deprive as long as comfort is there.

 

For many decades my family house has been paid, and its only expense is taxes and some upkeeping.  My cars are paid, and I have no credit card nor any other debt. 

I have been retired for 20 years and I live well with 60% of my income from pension and social security.  Inflation will have to increase much, even with Donald Trump, for me having to tap into any retirement funds.  Yet I am comfortable and don't miss anything.  My clothes are old, I don't eat in restaurants, I have ALL the electronics I want, and my medical insurance is low with Medicare.  I don't "see" fashion, expensive decoration, luxury.  But I have the best luxury in the world:  I own all of my time.

 

If one day I fall in love with a woman and she wants me to buy her a $100,000 diamond,  I can do it without taking any debt.  But I doubt that this will happen  

 

Steve,

i am talking about a defined amount sg $400. (US 290). I am telling you most normal people cant live off comfortably with that amount even with things paid. 

It is not a relevant answer to a defined question. "Average Salary To Live Comfortably In Singapore"

Out of point, the "$400" reply.

 

Anyway, my last reply for this thread.

Edited May 17, 2019 by Garyl

[Ahseng_]

19 hours ago, Guest AhLian said:

Not much time left then why paid for a bto to be ready in 2021/22?

I nv pay cash, all using money that I can nv taken out.

 

Also to receive handout if don't stay together

 

And some privacy

 

 

[Ahseng_]

16 hours ago, Garyl said:

Thanks bro for reply.

I thought topic is live comfortably.. not live miserly or barely living. If comfortable only to you, then your answer  of $400 not relevant le..

 

Ya lor, should not put  the 400 but I am comfortable with my living

[Ahseng_]

I am able to live comfortably is due to MFM that is hardwired into me. Only Those that are either M, F or M will understand.

 

Just look for the key words.

off grid living

Minimalist

Econ friendly

Old fashioned style

Retro era

Oldies stuff, devices

Manual .....

Hand powered .....

Camping

 

 

 

For me I am Fusion of MFM.

 

MFM stand for:

M= Miser

F= Frugal

M= Minimalist

 

I am a miser since primary school and I evolve to Frugal during late 20s and finally I evolved into a minimalist in my early 30s

 

 

I can live comfortably even if I don't owned a TV, washing machine, rice cooker, sofa, dinning table, water heater.

 

But wait. Minimalist is not about owning or not owning TV, washing machine etc.......  Minimalism is a tool to rid yourself of life’s excess in favor of focusing on what’s important—so you can find happiness, fulfillment, and freedom.

 

 

 

I found my happiness, fulfillment, and freedom to live comfortably. So what about you

Edited May 18, 2019 by Ahseng_