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moving to Singapore/ living expenses for a family

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Postby x9200 » Fri, 23 Nov 2012 2:36 pm

bro75 wrote:This is a good salary (if you are from a 3rd world country).

Only if you remain in a 3rd world country earning it.
As advised, walk away.

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Postby northernlight » Fri, 23 Nov 2012 3:05 pm

bro75 wrote:This is a good salary (if you are from a 3rd world country). If you are from Finland as your profile says then the standard of living you will experience at this salary level may not be for you.
To make it work with savings, you can rent a hdb master bedroom only for your whole family (900-1500/month depending on location), your primary age child will study at public schools at about 550 per month, your preschool kid will need to be at a kindergarten which may cost from 200 per month (PCF) to about 1500 per month. You can also homeschool your preschool kid if you are confident that you can prepare him/her for primary schooling. You can still eat out frequently if you eat at the food courts or hawker centers ($4 to $10 per meal). Buying from the wet market and cooking at home will be cheaper. You will not be able to afford a car. Overseas trips to go back home will be expensive also and to be able to save you may decide to limit your family to 1 trip every 2 years.

Thanks for valuable comments.

Yes, here in Finland, schooling and healthcare is provided free to all Finns and foreign residences.
I was aware that I'll not be saving but now I guess survival will be a challenge in Singapore with that salary.

How is health care system working in Singapore? I guess, I have to purchase health insurance. How much a moderate healthcare coverage plan costs for an adult and two children per year?


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Postby sundaymorningstaple » Fri, 23 Nov 2012 3:44 pm

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