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Anonymous
Not looking for an extreme unrealistic considering just living simply and going out and travelling occassionally. What should the compbined income be?
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Depends on lifestyle & whether you have dependents (old folks or young children)
If you don't have dependents, depend on lifestyle - from minimalist about $5K to extravagant about $15K also possible.
It all depends on mindset.
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Nur Fadhilah
20 May 2024
Chief of Staff at Asset Management Firm
I'd say 4k combined income is a good gauge for husband+wife+3 kids, order in food once a week, vacation once a year, shopping only for essentials, kids in preschool.
If you want good comfort for quarterly splurges (300-1k), order food 2-3x a week, vacation twice a year - then at least 12k would be your gauge.
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Aiming for a combined income of around SGD 8,000 per month should give a couple a pretty comfortable life in Singapore without going overboard. there are families living below $2000.....
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Simple, budget, thrifty living and go for a yearly overseas tour....
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At least 10K a month for combined income at least for a comfortable lifestyle -- especially if you have elderly parents & young kids to take care