[✿leilei✿]

I wonder if any one think about this before.
Let's say now you don't even have a stable job and you are earning less than 1.4k a month when you are almost in mid 20s. You only left 3-4 years to save for marriage & flat, do you think it's enough time if your other half earns about the same as you?

and those who already married, have you ever regret that you didn't do something you want before marry and after married due to commitment you couldn't do it anymore? I know some dreams you can still pursue after marry, and some you can't as you have a family to think before you do anything. Of cause some will say it sounds very easy that since you got married, it's because you love the person a lot, you won't mind to sacrifice but is it really possible to give up your dream or goal and get marry?

also currently i am holding only an 'O' level cert, i wish to further my studies, at least a diploma. but i didn't have enough time to save for both marriage+flat and diploma. Although some people told me cert doesn't really matters if you can gain 4,5 years of work experience..

[Miyamoto84]

1.4k is seriously not enough even if ur other half is earning the same as u.

i suggest u to work fulltime while taking on diploma part time. it might be tedious but it would definitely pay off. nowdays with an o lvls cert u cant really get far with ur pay de. experience really plays a part but most companies require a certain lvl of cert to get u further up.

[constanceling]

i guess alot of ppl is going thru this stage,
just need to do proper planning and not rush thru everything.
get married when u are ready, be it financial or mentally.

as for money,
the only way out is to work harder and smarter?
opportunities is everywhere.
is whether you know how to grab it.

[shadowcast]

its not that 1.4k is not enough,but its going to be tough life for you and your children.

[Peuan Sanit]

Many ppl are postponing marriage due to it being expensive and the cost of living and cost of raising a child is high in expensive SG.

We are living and working in a First World country but sadly 90% of us are getting a 2nd World Country's salary.

And the Govt wonders why our birthrates are decling?

[mjwholesaler]

i can tell u that cert is extremely important.. no cert u wont go into management level.. seriously.. I am a first class honour and when i find a job, ppl will ask me to interview and this is the first chance for u to get a job.. btw, its too bad only my cert is msia U so not so high value for singapore bosses...

[Stanstan]

about 3k family income should have no problem feeding a 3-room flat & live without much comfort. It will be hard but definitely not impossible. I have come across a lot of family much lesser than 3k household income.

it's only when you go through hardship, then you realize how important is one another to you. Family Ties, etc etc will be more cherished.

[symx]

TS, ur life is almost same as mine.
I'm also a O level holder but I have just lost my job.
Marriage wise have to push later as without a proper
cert, you can't have a proper pay.

You don't wish your family especially your kids
to suffer but you will want the best for them right.

Like for my case, by the time I have a proper cert and job.
I will be in my 30+ than I start my own family.
Now times are pretty bad and finding a job isn't easier
and I haven't started saving for any of my future plans.

I'm pretty much a failure father, can't ever do anything right
and haven't started saving for my future.
(Who want to marry a guy that fail in life?)

[freezer_w]

"earning less than 1.4k a month when you are almost in mid 20s." makes me feel very devastated if i were in this state...

marriage would never come into my mind, and i will strive harder to get higher pay, and provide a good life for my parents first. if i earn something more, then i will consider of having a partner, a lifetime partner.

[mypinkash]

i've too many years left to party it up. not to be thinking of marriage.

[Kaze.YonGMinG]

1.4k works out to $483 cpf contribution per month. employer + employee. $322 goes to OA
for SPR it will be lower got for the first 2 years. 3rd year onwards will be at the same rate of a singaporean.
322 x 2 parties = $644 for montly installment.
so from now if you have 322 x 12 x 3 years @ 3.5% interest rate for OA. you get $12,000.
if wife is SPR. $126 cpf contribution per mth for first year. 84 goes to OA. 1008 for first year of work.
336per mth cpf for second year. 224 goes to OA. $2688 year 2.
year 3 will be same as singaporean. 3864 contribution to OA.
so SPR gets $7824.60 in OA

Within 3 years this couple can have about $20,000 OA to pay for down payment. Whatever balance will be paid in 30 years installment. They can safely loan up to $160,000 if they do not wish to pay the installments in cash.
With a low combined income, you're also entitled to a cpf subsidy of $25,000
link

a $205,000 flat is no issue at all for a couple with this earning capability. if you want anything more you will have to see if there is any existing CPF funds in your accounts and possibilities of cash savings to top up for the shortage. That's where you save for your marriage. easier if both are singaporean.

A 4-room flat in recent BTO in puggol cost $214-262k. Pretty close I would say. If this couple have been working before and have money in their CPF already it will pretty much close up the gap. with $1.4k income $1120 take home income. 100 a month each over 3 years is a good 7.2k.. 20k OA + 25k subsidy + 10k existing(maybe?) + 7k cash.

that's a good $62k on top of the $160k loan which you will service with your CPF.


That's the financial aspect of it.

[kokojun]

well. i would suggest that you complete your studies first and work a few years before your career is more stable then think of getting married.
it will be hard to balance in your marriage, studies and work at the same time

[✿leilei✿]

Thanks all for the reply, i appreciate it a lot
Hehe but how come no one mention about dreams & marriage

Originally Posted by Miyamoto84

1.4k is seriously not enough even if ur other half is earning the same as u.

i suggest u to work fulltime while taking on diploma part time. it might be tedious but it would definitely pay off. nowdays with an o lvls cert u cant really get far with ur pay de. experience really plays a part but most companies require a certain lvl of cert to get u further up.

True, i have many friends took diploma when they are working and change for a higher pay job after that

Originally Posted by constanceling

i guess alot of ppl is going thru this stage,
just need to do proper planning and not rush thru everything.
get married when u are ready, be it financial or mentally.

as for money,
the only way out is to work harder and smarter?
opportunities is everywhere.
is whether you know how to grab it.

Because we plan to get marry latest at 29 before age 30 so time left is very little
but thanks! will look out for opportunities out there!

Originally Posted by shadowcast

its not that 1.4k is not enough,but its going to be tough life for you and your children.

actually if combine income got about 3k i think it's enough just maybe it won't be enough to have a comfortable life i guess hehe..

Originally Posted by Peuan Sanit

Many ppl are postponing marriage due to it being expensive and the cost of living and cost of raising a child is high in expensive SG.

We are living and working in a First World country but sadly 90% of us are getting a 2nd World Country's salary.

And the Govt wonders why our birthrates are decling?

Yeah.. agree, nowadays people don't get marry at young age compared to last time

Originally Posted by mjwholesaler

i can tell u that cert is extremely important.. no cert u wont go into management level.. seriously.. I am a first class honour and when i find a job, ppl will ask me to interview and this is the first chance for u to get a job.. btw, its too bad only my cert is msia U so not so high value for singapore bosses...

I don't mind to work at normal level hehe.. i am content if i am able to get 2k+ salary in future but yeah, i have friends from Malaysia told me about the U cert ~_~

Originally Posted by Stanstan

about 3k family income should have no problem feeding a 3-room flat & live without much comfort. It will be hard but definitely not impossible. I have come across a lot of family much lesser than 3k household income.

it's only when you go through hardship, then you realize how important is one another to you. Family Ties, etc etc will be more cherished.

Yeah but if we can afford, we will try to go for 4-room flat as his father will be staying with us

Originally Posted by symx

TS, ur life is almost same as mine.
I'm also a O level holder but I have just lost my job.
Marriage wise have to push later as without a proper
cert, you can't have a proper pay.

You don't wish your family especially your kids
to suffer but you will want the best for them right.

Like for my case, by the time I have a proper cert and job.
I will be in my 30+ than I start my own family.
Now times are pretty bad and finding a job isn't easier
and I haven't started saving for any of my future plans.

I'm pretty much a failure father, can't ever do anything right
and haven't started saving for my future.
(Who want to marry a guy that fail in life?)

Yeah, if i am able to study again, by the time i get a stable job would be nearly 30 already true that not easy to find a good job now, same here haven't start saving yet lol :x But don't give up! Things will get better when we work hard, all the best! ;D

Originally Posted by freezer_w

"earning less than 1.4k a month when you are almost in mid 20s." makes me feel very devastated if i were in this state...

marriage would never come into my mind, and i will strive harder to get higher pay, and provide a good life for my parents first. if i earn something more, then i will consider of having a partner, a lifetime partner.

Yup, i am worry for my parents too, they don't have any saving =.=

Originally Posted by mypinkash

i've too many years left to party it up. not to be thinking of marriage.

It's good to be young you have many years to plan and work for it

Originally Posted by Kaze.YonGMinG

1.4k works out to $483 cpf contribution per month. employer + employee. $322 goes to OA
for SPR it will be lower got for the first 2 years. 3rd year onwards will be at the same rate of a singaporean.
322 x 2 parties = $644 for montly installment.
so from now if you have 322 x 12 x 3 years @ 3.5% interest rate for OA. you get $12,000.
if wife is SPR. $126 cpf contribution per mth for first year. 84 goes to OA. 1008 for first year of work.
336per mth cpf for second year. 224 goes to OA. $2688 year 2.
year 3 will be same as singaporean. 3864 contribution to OA.
so SPR gets $7824.60 in OA

Within 3 years this couple can have about $20,000 OA to pay for down payment. Whatever balance will be paid in 30 years installment. They can safely loan up to $160,000 if they do not wish to pay the installments in cash.
With a low combined income, you're also entitled to a cpf subsidy of $25,000
link

a $205,000 flat is no issue at all for a couple with this earning capability. if you want anything more you will have to see if there is any existing CPF funds in your accounts and possibilities of cash savings to top up for the shortage. That's where you save for your marriage. easier if both are singaporean.

A 4-room flat in recent BTO in puggol cost $214-262k. Pretty close I would say. If this couple have been working before and have money in their CPF already it will pretty much close up the gap. with $1.4k income $1120 take home income. 100 a month each over 3 years is a good 7.2k.. 20k OA + 25k subsidy + 10k existing(maybe?) + 7k cash.

that's a good $62k on top of the $160k loan which you will service with your CPF.


That's the financial aspect of it.

Thanks for the help & calculation!

Originally Posted by kokojun

well. i would suggest that you complete your studies first and work a few years before your career is more stable then think of getting married.
it will be hard to balance in your marriage, studies and work at the same time

Because me and my partner hope to get marry at the age of 29 before 30 so it's like only 4 years left for me, i am worried that i couldn't have enough time to save for me studies and marriage but will think about it carefully again

[Peuan Sanit]

Originally Posted by symx

I'm pretty much a failure father, can't ever do anything right
and haven't started saving for my future.
(Who want to marry a guy that fail in life?)

Young man, you are not even married so you are not a failure yet.

Traditionally its the sole duty of the father to bring home the bacon while the Mrs looks after the kids.

Time has change, the roles can be reversed.

Im sure that you will do fine when the kids comes.

[kayee1]

maybe 3k enough ,per person

[shypineapple]

this thread is a real eye-opener for me.
I wonder can I ever afford a nice wedding for my future wife too. :/

[Kaze.YonGMinG]

start saving early

[faith14]

it is a wise choice to go after dream.

Once you miss the chance to make dream turns into reality, it might not be back. True love can wait, isn't it? =)

Certificate isn't just a piece of paper, it is a process that will help one in gaining a better understanding of your future job, honing your skills, having a deeper depth of knowledge in specific area that you're interested in.

=)

Good luck in your future endeavours.

[freezer_w]

Originally Posted by shypineapple

this thread is a real eye-opener for me.
I wonder can I ever afford a nice wedding for my future wife too. :/

i plan to pick up some culinary skills from my hotel chef friend, and cook personally for my guests. of cos, i won't want to invite alot of people, and let it seems so grand... low profile... i like low profile...

[symx]

Originally Posted by ✿leilei✿

Yeah, if i am able to study again, by the time i get a stable job would be nearly 30 already true that not easy to find a good job now, same here haven't start saving yet lol :x But don't give up! Things will get better when we work hard, all the best! ;D

All the best to us.

symx added 2 Minutes and 5 Seconds later...

Originally Posted by Peuan Sanit

Young man, you are not even married so you are not a failure yet.

Traditionally its the sole duty of the father to bring home the bacon while the Mrs looks after the kids.

Time has change, the roles can be reversed.

Im sure that you will do fine when the kids comes.

In today context, it's best for both parents to work
While the maid look after the kid,