Other Money Mattersat Salary.sg – Your Salary in Singapore |
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We can reasonably expect Singapore to plunge back into recession at the end of this quarter. If it does, we will be the first country in Asia, and possibly the world, to experience a double dip recession in the aftermath of the global financial crisis.
Our economy first dipped into a technical recession in Q3 2008.
Advance [...]
One good way to achieve financial success (i.e. make lots of money) is to do business. This is a view shared by one of the (few) millionaire forummers at Salary.sg Forums:
“- If I want to be rich, what’s your advice for me?
It seems to me that the only way to be rich for most who [...]
If you are a car owner, does your pay match your car ownership status? If you don’t have a car, how do you know whether you can afford one? In this article, Salary.sg proposes using $7,650 as an income guideline for car ownership in Singapore.
We all know that owning a car in Singapore is a luxury. [...]
Many people often wonder if they can afford to stay in private housing. There are various ways to find the answer. You can ask a bank, calculate your debt ratios, use our 7.6x guideline, or compare your income with the average income of your desired housing type – which is the main topic of this [...]
Read the full article at Does Your Income Match Your Housing Type?I remember watching the NKF charity show on TV as a kid. The whole thing seemed so meaningful to me that I picked up the phone and repeatedly dialled the donation number. No, I didn’t seek my parents’ permission, but let’s not sidetrack.
I continued watching these heartwarming and often emotional charity shows into [...]
Much has been mentioned about the “transparency” of Sibor-pegged mortgage loans. But there are TWO risks associated with such loans.
First is of course the possibility that the Sibor rate may go up. And it may shoot up dramatically.
Just 3 years ago, Sibor was hovering around 3.5%. If your bank charges you Sibor + 1.5%, you [...]
We conducted a poll on how much Salary.sg readers save. The results of the poll show that the average saving rate of our readers is 33.1%.
The average Salary.sg saves about one-third of his/her monthly salary.
The poll attracted more than 700 responses, 32% of which picked 21-40% as their saving rate.
Another interesting finding is that about [...]
Some people save a fixed amount of their monthly income and spend the rest. Others like myself spend prudently and save the rest.
Regardless of whether you’re a spend-the-rest or save-the-rest saver, you should be able to gauge roughly how much you save a month.
Though thrift and financial prudence have been extolled as good “Asian values”, [...]
According to our calculations, your citizenship is worth $4,511 more than permanent residents per year. For that, you have to serve NS if you are male, and watch some of your PR friends sell their HDBs for a good profit and then return to their (sometimes) cheaper home countries to enjoy retirement.
As a Singapore citizen, [...]
According to one measure of affordability, our houses are less affordable than major cities like Sydney, Toronto, New York and even Tokyo.
The mainstream media and HDB have (unsurprisingly) claimed otherwise and probably will give 101 reasons to support their arguments.
More annoyingly, without much hint of sympathy, the media reported that “buyers can be narrowly focused” [...]
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Whats your net worth
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Aerospace Engineering vs...
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