Watch vs savings

[Watcha]

According to news 1000 can buy hdb.
And with lifestyle choices it is sufficient for family.

Even cleaners pay have been upgraded by town councils to 1000.
When you retire you can sell your property back and buy annuity.
You can get from 200+ a month. Sufficient with lifestyle adjustment.

Walking is good for health.

In any case, JB is just across.

[Aleeboy]

Esp here in Singapore bro.... agree with you.

And i often wonder how the kids who are 10-15y/old will even survive here in SG in the next 10-15 years....... Salaries are far lower than that of Australia, yet cars are double, and homes are double or more !!! It's a little scary really.

If a 16-18y/old is not saving $100-200 a month now for retirement they will be in REAL trouble !!!

In Australia, incomes are slightly higher and tax is much higher than lovely Singapore. Hence property is cheaper here. However, cars are a total rip-off in Singapore.

[jeremayer]

In Australia, incomes are slightly higher and tax is much higher than lovely Singapore. Hence property is cheaper here. However, cars are a total rip-off in Singapore.

cannot agree more!!

[Rolex01]

eh...i see people here buy $20 -30k watches like every other month , how come suddenly everyone talk until living hand to mouth ah?

I think they are referring to those people they saw outside.

[seiko.citizen]

In Australia, incomes are slightly higher and tax is much higher than lovely Singapore. Hence property is cheaper here. However, cars are a total rip-off in Singapore.

income higher because of laws with minimum wages, unlike sg, where wages can be reduced with the import of foreign workers.

[wolfeyes1974]

i think 5%-15% of one's salary seems pretty reasonable