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Anonymous

04 Dec 2019

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How much does a couple's combined income be if they want to have 2 kids comfortably?

Please try not to give vague answers without actual figures... would like to hear what is everyone's personal salary benchmark for them to start their own family.

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Hariz Arthur Maloy

04 Dec 2019

Independent Financial Advisor at Promiseland Independent

If the household can save 40-60% of their income, they can afford to have 1 or 2 kids.

And I'd recommend to have at least 6k combined monthly household income before considering.

After having kids, the family still needs to be able to save 20% for their own retirement and 5% for their children's education.

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Wallace Chai

04 Dec 2019

This is very subjective as it depends on your expenses. If monthly expenses is 5k,combined income of 10k is comfortable for me.

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Pang Zhe Liang

04 Dec 2019

Fee-Based Financial Advisory Manager at Financial Alliance Pte Ltd (IFA Firm)

It depends on your expectation and lifestyle. With proper cashflow analysis and proper financial pla...

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