You might want to rephrase your question. As it stands right now, the actual answer would be $0.Praveen wrote:What will be my minimum potential savings?
I will be moving to Singapore in few months.I will be given 3600 Singapore Dollars per month.I have a family with one kid(not yet going to school).
What will be my minimum potential savings?
...then spare a thought for the majority of the local population in Singapore who earn considerably less than that amount.guest 279 wrote:That salary is way too low, for this, one of the most expensive cities in the world.
I agree with Passing By, 'expensive' is a relative term. Every city in the world is expensive if you don't earn enough to buy what you need and what you want. The traditional expat is fading fast, this is a direct consequence of globalisation. What many firms are doing now is to offer 'equalised' expact packages, which in effect are localised packages. Sure there are usually added benefits like houseing, educaton etc, but these don't last long and you localise completely after the intial contract or ship out.guest 279 wrote:That's faulty thinking. We don't have to give a thought to most locals, rather what is good for us. Imagine that we would consider living in some other place like Bangladesh, would we say that since most people make, say 200 a month, we should be happy with our $500? I don't think so. We have to compare salaries to things like what we could get in our own countries, other countries, taxes, living expenses, etc. and factor it all in. I still stand by my statement that sg is one of the most expensive cities in the world.
I agree with you except for the vegetarian part. Being vegetarian is more expensive here.bizcatalyst wrote:Praveen,
Are you vegetarian ?
Do you eat at home ?
Do you plan to take bus and train to work ?
IF yr answers to the above questions are YES, YES and YES
3600 is a good start. You can save 1600/month.
Users browsing this forum: No registered users and 0 guests