Siv wrote:Hi,
I'm 37, married with 3 kids aged 10 and below.
In 2014, my company is looking at relocating me to Singapore in a Regional Sales Manager role covering SE Asia. I'm currently based in KL, Malaysia. We've talked about the move, however no talk on $$ as yet! possibly closer to the move in mid -2014.
I believe ,however, that the company might possibly throw a number of something like SGD10K a month, thereabouts. My question, will that be enough to move my family ? I'm in sales, so fuel, parking, etc...is all covered.
Any insights would be much appreciated.
Cheers
Siv
Just to clarify on SE's post: I think he means if you make 10K RM now, you should be getting 10K S$ then. Also, as you are in sales, I imagine you get commission, so 10K is just your basic salary? Then you'd have to think about how much you average on commission per month, and add that to your basic to see what money you would have available.
However, on a general note, I would have to say that with 3 kids + wife, S$10K per month is not a lot of money, especially if your wife is not working. Many private schools would cost S$1.5-3K per month per child, and even for public schools you'll need to shell out between S$500-1,000 per month and child. If you want a 4BR flat, you'll probably pay at the very least S$4K per month in rent, $5K+ if you want a small house with garden.
Also consider that cars are very expensive in Singapore. You'll need to get a COE, which is somewhere around S$80-90K, and the cars themselves are significantly more expensive than in other countries too.
If it is $10K with housing, schooling and car fully paid by the company, it is not a bad deal. If, however, housing, schooling and/or car needs to be paid by you, I would seriously do the math first, and compare to how you live in Malaysia. Maybe also check some cost-of-living comparisons on the web.
