Advertisement

Anonymous

04 Apr 2023

∙

5-room HDB - loan $190k. Household income $9k (saving $2k monthly) with 4 kids (< 6 yrs old). $200k & nil investments. Should we pay full next year when due? Or renew loan and save in FD? Any tips?

8

Discussion (8)

What are your thoughts?

Learn how to style your text

Li Elizabeth

13d ago

Depends on how much mental load you wan to have

Reply

Save

Cryotosensei

09 Jun 2023

Blogger at diaperfinancingfund.blogspot.com

I have a different perspective. I finished paying off my housing loan within five years. Not only do I enjoy peace of mind knowing that I wouldn't have to be stressed out if I lose my job next week, I gain comfort in thinking that my wife doesn't have to worry about paying the remainder if something untoward were to happen to me

Reply

Save

tinycents

25 Apr 2023

Can consider to use OA to clear if really want, cash should accumulate or top up CPF SA....

Write your thoughts

Related Posts

Im a 21 years old with a 1.5 years old kid. taking full time degree as of now. I have a total Savings of 180k as of now. I sell stuff online ..getting revenue of 10k a month. Bto coming in 2023. Any good investment or saving plan I can consider?

Now @ age 37 gross income $3800, age 30 gross income $2300, 2 child age 5 and age 1. Stay in 4 room hdb flat. Only have $10,000 cash saving, and monthly saving of $1000. What advice you have for us? ?

Take-home pay is 9,1k per month,1.5 goes to folks 1.5 is used for personal+household expenses per month i am 47 years old now just paid off hdb, Savings is only 80k in OCBC how to maximise this?

What are the financial considerations to make in wanting to upgrade from a 4-room BTO to an EC/condo after 5 years. Approx how much savings does one need and the joint household income level. ?

How do i save up $100,000 for flight school with a $2K pay for the next 6 years? Do i invest in REIT, ETF or learn to trade?

Related Posts

Im a 21 years old with a 1.5 years old kid. taking full time degree as of now. I have a total Savings of 180k as of now. I sell stuff online ..getting revenue of 10k a month. Bto coming in 2023. Any good investment or saving plan I can consider?

Now @ age 37 gross income $3800, age 30 gross income $2300, 2 child age 5 and age 1. Stay in 4 room hdb flat. Only have $10,000 cash saving, and monthly saving of $1000. What advice you have for us? ?

Take-home pay is 9,1k per month,1.5 goes to folks 1.5 is used for personal+household expenses per month i am 47 years old now just paid off hdb, Savings is only 80k in OCBC how to maximise this?

What are the financial considerations to make in wanting to upgrade from a 4-room BTO to an EC/condo after 5 years. Approx how much savings does one need and the joint household income level. ?

How do i save up $100,000 for flight school with a $2K pay for the next 6 years? Do i invest in REIT, ETF or learn to trade?

Advertisement