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Anonymous

26 Feb 2020

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How much do you need to live comfortably in singapore?

How much do you need to live comfortably in singapore

Discussion (7)

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Pang Zhe Liang

26 Feb 2020

Lead of Research & Solutions at Havend Pte Ltd

There is no right or wrong answer since everyone's measurement for comfort is different.

For me, so long as I can cover my expenses and healthcare needs, I'm grateful enough.

Here is everything about me and what I do best.

Andy Sim

26 Feb 2020

HR Professional at a Financial Institution

https://blog.moneysmart.sg/budgeting/cost-livin...

Money Smart has done an analysis on the cost of living in Singapore. There's a table at the bottom detailing the costs for cheap-skate, mid-range and high-end living. To me living comfortably now mid-range can already which is about 2.5k a month. High-end living will cost about 9.7k, which is the luxurious lifestyle. With inflation, will probably need about 5K per month to live comfortably.

As of today, a 5k per month would be good enough for you to live a comforable life. however in the future things might change due to inflation etc etc.

Jason Sing

26 Feb 2020

School Of Hard Knocks And Life at School Of Hard Knocks And Life

It really depends on the individual. If you are single, probably $1 million is sufficient. However, if you are married without kids, probably $2 million is then sufficient. Of course, more money (more than $2 million) if you are married with kids. There is no standard answer. It really boils down to individual needs.

Depending on your lifestyle, I would say that I'm comfortable with a monthly take home income of $4k...

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