viewtopic.php?p=851706#p851706robodude wrote: ↑Mon, 09 May 2022 3:14 amHi,
I am trying to estimate budget for comfortable living for family of 3 (2 adults + 1 3yo). I assume: kindergarten: ~1500SGD/mo - English classes are prio, learning Chinese is a plus 2-3 bedroom apartment not too far from queenstown (30-40min commute): 3500SGD/mo
My avg monthly income after tax would be around 12300 SGD / mo. This means in theory I have 7300 SGD left for eating, savings, whatever other costs. We like asian food, cook ourselves, don't really need a car, rather renting and traveling.
After some time, hopefully my wife finds job as well.
Does it make sense? Appreciate any feedback!
Thanks
Thanks! good advice on Numbeonelyanne wrote: ↑Mon, 09 May 2022 9:41 amWhether your wife will find a job or not, it depends on her education, skills, experience... Some industries/roles are totally closed for foreigners
For the general costs of living, you can check numbers on Numbeo.com. I find them quite accurate for Singapore. Add maybe +5% for the inflation.
If you want to cook at home, you can check the prices of groceries on Lazada Redmart - online supermarket.
Would be smart to budget higher for rent and schooling, kindergarten should be fine but once the child enters grade school (assuming you’re still living here), costs will rise exponentially. If you find that you will need to make frequent commutes, especially to ferry your child to and from school, it may be a good idea to look at getting a secondhand car. This is a great option because if you get one that’s around 10 years old, it’s already depreciated significantly but still in great condition. Plus, you can get one with remaining COE that matches the length of time you plan to stay in the country so you won’t have to pay for the full 10 years.robodude wrote: ↑Mon, 09 May 2022 3:14 amHi,
I am trying to estimate budget for comfortable living for family of 3 (2 adults + 1 3yo). I assume: kindergarten: ~1500SGD/mo - English classes are prio, learning Chinese is a plus 2-3 bedroom apartment not too far from queenstown (30-40min commute): 3500SGD/mo
My avg monthly income after tax would be around 12300 SGD / mo. This means in theory I have 7300 SGD left for eating, savings, whatever other costs. We like asian food, cook ourselves, don't really need a car, rather renting and traveling.
After some time, hopefully my wife finds job as well.
Does it make sense? Appreciate any feedback!
Thanks
Numbeo is a great tip, not many people know about it and the problem is some sites offer completely inaccurate figures so it can be hard to know who to believe.nelyanne wrote: ↑Mon, 09 May 2022 9:41 amWhether your wife will find a job or not, it depends on her education, skills, experience... Some industries/roles are totally closed for foreigners
For the general costs of living, you can check numbers on Numbeo.com. I find them quite accurate for Singapore. Add maybe +5% for the inflation.
If you want to cook at home, you can check the prices of groceries on Lazada Redmart - online supermarket.
Dairy and beef? Seems a bit extreme Mal, are you speaking from experience?malcontent wrote: ↑Mon, 09 May 2022 11:12 pmIt’s surprising how expenses can accumulate. All of the seemingly little things add up, and before you know it, it’s a 5 figure sum.
Going without a car helps. Going without air conditioning helps. Going without diary products helps. Going without alcohol helps. Going without beef helps. Going without imported Western foods of most kinds helps.
One other point on schools, don’t assume you can get your child a place in any school here. The popular schools have waiting lists, including popular local kindergartens. Both of my kids went to Barker Road Kindergarten, it’s a decent local school that foreigners can access, if there is a spot available - price is also reasonable. But that is only an option until age 7. No easy or cheap options after that.
A little early to worry about tuition and enrichment since OP’s child is only 3 (although I guess one could argue it’s never too early to be kiasu).abbby wrote: ↑Sat, 14 May 2022 12:54 pmI think $3.5k to $5k if you're looking in the queenstown area, maybe older condos give better value and space. Just avoid a west facing house to avoid high bills from the high air-conditioning.
To add on, your child might need tuition or enrichment classes which will add on to your schooling expenses. Don't drink and smoke, that'll save you quite a bit.
Grab cab is common, but car might come in handy if you have a kid to move around. Buy second hand cars if you're looking to buy a car or a COE car.
I think schools, rents and cars are the highest costs you need to consider.
Coming to Singapore as an expat without a package is a Death wish financially.malcontent wrote: ↑Sat, 14 May 2022 2:56 pmSchooling: $2,500-4,000/mo per child
Housing: $4,000-5,000/mo (3br, outskirts)
Remember, housing is not just rent alone, and schooling is not just tuition alone.
These two expenses can easily push a family of 4 into 5 digits monthly. This is why expats get packages, and locals get government subsidies for education, housing and healthcare. So if you have school aged children and you’re not getting a package or subsidies, you really need an exit plan.
If you are single, a couple or a young family, it’s important to recognize how your expenses will change as your family situation changes.
The price of chicken here is similar to the US, but in the US the price of beef and chicken is roughly the same. Here? Beef is close to double the price of chicken, so I rarely indulge in things like steak for this reason.Lisafuller wrote: ↑Mon, 23 May 2022 3:16 amDairy and beef? Seems a bit extreme Mal, are you speaking from experience?malcontent wrote: ↑Mon, 09 May 2022 11:12 pmIt’s surprising how expenses can accumulate. All of the seemingly little things add up, and before you know it, it’s a 5 figure sum.
Going without a car helps. Going without air conditioning helps. Going without diary products helps. Going without alcohol helps. Going without beef helps. Going without imported Western foods of most kinds helps.
One other point on schools, don’t assume you can get your child a place in any school here. The popular schools have waiting lists, including popular local kindergartens. Both of my kids went to Barker Road Kindergarten, it’s a decent local school that foreigners can access, if there is a spot available - price is also reasonable. But that is only an option until age 7. No easy or cheap options after that.
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