Advertisement

Anonymous

16 Jul 2022

∙

A 30 y.o. single and 3k/monthly income, Inherited debts cleared, Save ~300/mth cash, 0 property, and family commitment of ~900/mth. Would you advise one to continue renting, or BTO or resale flat? :(

9

Discussion (9)

What are your thoughts?

Learn how to style your text

diamondhands

08 Jan 2024

Gd job for clearing the debts! No to renting. I think a more urgent goal next for you is to focus on saving for emergency funds becos you never know if you'll be laid off, sick etc.

Reply

Save

Chujun Hong

23 Jul 2022

You cannot buy bto until 35. So that is not under the consideration. At your income of 3k/monthly, it will be very tough for you to even service a 3 room resale flat.

Reply

Save

Ace

18 Jul 2022

Good to have debts cleared!

Depends on the amount of savings you have and your future (whether to ...

Write your thoughts

Related Posts

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? ?

If my OA is sufficient for down payment for BTO, is it better to invest the cash flow reserved for down payment now or continue saving and pay the debt when buying BTO?

As a single person with limited earnings/savings, should I BTO a 2-room flat by 35 and upgrade to a resale after the MOP, or save up and buy a resale when I'm even older?

I am 46, single and recently gone through divorce. I have about 400k cash. Monthly can save about 1500. With 0 investment and no personal commitments. How should I start to manage money?

Assuming a 30 yo single, self-employed, male with a high risk appetite and 7k/monthly active income, now had 1 millon dollars extra in cash, would this portfolio makeup be sensible?

Related Posts

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? ?

If my OA is sufficient for down payment for BTO, is it better to invest the cash flow reserved for down payment now or continue saving and pay the debt when buying BTO?

As a single person with limited earnings/savings, should I BTO a 2-room flat by 35 and upgrade to a resale after the MOP, or save up and buy a resale when I'm even older?

I am 46, single and recently gone through divorce. I have about 400k cash. Monthly can save about 1500. With 0 investment and no personal commitments. How should I start to manage money?

Assuming a 30 yo single, self-employed, male with a high risk appetite and 7k/monthly active income, now had 1 millon dollars extra in cash, would this portfolio makeup be sensible?

Advertisement