Comments on: $1Million To Raise 2 Kids http://www.salary.sg/2010/1million-to-raise-2-kids/ All about Income, Jobs, Career, and Investment in Singapore Wed, 08 Feb 2012 23:59:31 +0000 hourly 1 http://wordpress.org/?v=3.3 By: John http://www.salary.sg/2010/1million-to-raise-2-kids/#comment-11366 John Tue, 22 Mar 2011 17:06:31 +0000 http://www.salary.sg/?p=538#comment-11366 a big hoax and wrong calculation for university: for a degree, the course fee is now around 30k for a normal 4 years course, and maybe around 60k for those medical/law course. the calculation obviously make the value so high by not taking into account of tuition grant, which applies to all. living expenses cost around 500-1000 a month, which will be 25-50k for the period. hostel fee is around 250 per month, private room around $500 per month, total will be 0(stay at home)- 25k. total everything together u get: tuition: 30k-60k allowance: 25-50k housing: 0-25k total university degree price: 55k-135k total everything up again: Pregnancy $4k to $20k Infant $20k to $30k Child $25k to $80k Education $40k to $70k University $55k to $135k holidays $25 to $75 lower point: 169k mid point: 290k high point: 410k for 2 kids: lower point: $300k mid point $500k High point: $800k the cost of the second kid is usually slightly lower due to more experience. inerestingly, my results is halved of their calculation a big hoax and wrong calculation for university: for a degree, the course fee is now around 30k for a normal 4 years course, and maybe around 60k for those medical/law course. the calculation obviously make the value so high by not taking into account of tuition grant, which applies to all. living expenses cost around 500-1000 a month, which will be 25-50k for the period. hostel fee is around 250 per month, private room around $500 per month, total will be 0(stay at home)- 25k.
total everything together u get:

tuition: 30k-60k
allowance: 25-50k
housing: 0-25k

total university degree price: 55k-135k

total everything up again:
Pregnancy $4k to $20k
Infant $20k to $30k
Child $25k to $80k
Education $40k to $70k
University $55k to $135k
holidays $25 to $75

lower point: 169k
mid point: 290k
high point: 410k

for 2 kids:
lower point: $300k
mid point $500k
High point: $800k

the cost of the second kid is usually slightly lower due to more experience.

inerestingly, my results is halved of their calculation

]]> By: fct http://www.salary.sg/2010/1million-to-raise-2-kids/#comment-9830 fct Thu, 12 Aug 2010 01:49:59 +0000 http://www.salary.sg/?p=538#comment-9830 @Sam: Overseas education can cost 50k-150k$ depending on the school you attend. But this study overestimates, in a way, discourages people to have kids. Makes the situation worse. Basically tell Singaporeans what they already know. Instead, it should try to highlight a few bright spots in having kids too. @Sam:

Overseas education can cost 50k-150k$ depending on the school you attend.

But this study overestimates, in a way, discourages people to have kids. Makes the situation worse. Basically tell Singaporeans what they already know.

Instead, it should try to highlight a few bright spots in having kids too.

]]> By: Sam http://www.salary.sg/2010/1million-to-raise-2-kids/#comment-9829 Sam Wed, 11 Aug 2010 16:17:59 +0000 http://www.salary.sg/?p=538#comment-9829 $100-500k for a university education?! Maybe if the child studies overseas or pursues a Master or a PHD. But for a regular 4-year undergrad course, it should cost no more than $50k $100-500k for a university education?!
Maybe if the child studies overseas or pursues a Master or a PHD. But for a regular 4-year undergrad course, it should cost no more than $50k

]]> By: Daniel http://www.salary.sg/2010/1million-to-raise-2-kids/#comment-9575 Daniel Fri, 09 Jul 2010 12:10:11 +0000 http://www.salary.sg/?p=538#comment-9575 Wow...that figure is really scary. It might just scared off couples who planned to have a baby. But anyway, living costs in Singapore only keep increasing and it's not enough just to depend on a single job seriously. Though that can be done, it's tough for life. We should look for multiple streams of income and of course protect wealth in times of crisis. That's from my own experience. Though I have income from multiple streams, I still look for other opportunities. Sorry for being kiasu :P Dan Wow…that figure is really scary. It might just scared off couples who planned to have a baby.

But anyway, living costs in Singapore only keep increasing and it’s not enough just to depend on a single job seriously. Though that can be done, it’s tough for life.

We should look for multiple streams of income and of course protect wealth in times of crisis. That’s from my own experience. Though I have income from multiple streams, I still look for other opportunities.

Sorry for being kiasu :P

Dan

]]> By: James http://www.salary.sg/2010/1million-to-raise-2-kids/#comment-9555 James Tue, 06 Jul 2010 02:01:20 +0000 http://www.salary.sg/?p=538#comment-9555 Wow...who actually came up with that figure..both hands up to support it. Though, I believe that the figure could be much higher given that kids nowadayds are in the future would demand more high-end stuffs. Guess what..now we already started seeing teens going to high-end restaurants to dine. Wow…who actually came up with that figure..both hands up to support it. Though, I believe that the figure could be much higher given that kids nowadayds are in the future would demand more high-end stuffs. Guess what..now we already started seeing teens going to high-end restaurants to dine.

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