How Much I Spend in a Month | Cost of Living in Singapore for Family of 4

[@InvFinAcc]

Great sharing and summary for the cost of living in Singapore~ Gave me a rough expectation on what to expect in the future but have to say that I am abit scared now LOL

[@jasperhofinance]

Thanks! Yes it’s scary 😂 Especially with things getting more expensive 😱 Need to plan early!

[@amostan4697]

Great insights as always Jasper. Keep up the good work sir

[@jasperhofinance]

Thanks Amos! 😁

[@choymaymay]

Finally a realistic one.

[@Asher89leo]

A realistic one? Does this mean that an average Singaporean earns $15000 per month. This guy is rich

[@rayne5368]

Yes it is becoming more expensive... highly agree!

[@jasperhofinance]

Indeed!

[@Wendaykor]

also have to factor in parents allowance for some. that can easily amount to another $4-5k

[@cooper1819]

Thanks for sharing. Think we are lucky that our CPF would service mortgage loans which most in other cities would pay around 30% income on rental. Just as comment, probably good to optimize utilities, which is quite high for 4 persons (4-room HDB flat), which I could do within $100, even with aircon on most times. Would expect utilities prices to continue rising due to global situation. I would also save on household cleaning by design for easier to clean & use automation.

[@jasperhofinance]

Agreed, thankfully mortgage is something that we no need to worry much about. Thanks for your tips! Will look at cutting back on some expenses especially now that prices are rising and i think some spending may have increased.

[@robertgu8551]

Since you have a car that you need to pay COE for, wouldn't it be correct to add COE / 60 months (5 years) as a monthly expense?

[@amyooi884]

Thank you for sharing. Great ☺👍

[@AmitGupta-kl1hd]

Thanks Jo for a really a useful video on expenditure part in Singapore. Can you please tell us the Rental for 2bhk and school fees for kids above class 9th in international schools.

[@Sharanya-km7rr]

Hey Jasper. I am a single mother of two. One is autistic. I would like to migrate with both kids. How are the expenses for autism therapy and schools. Please let me know. If I have an offer of 9.5K SGD per month, is this sufficient? Thanks.

[@angga9418]

how estimate cost for one family with one children under 1 years for not singaporean. thanky you

[@ngohjlful]

I don't understand the point of this video.. Everyone spending and saving is different.. Is this for reference?

[@NPleazy]

Is this Singapore dollars or USD?

[@4fawksake707]

SGD

[@Black_Sun_Dark_Star]

CAR in Singapore is NEVER a necessity. $1800 a month on grocery?! That is very high! Early intervention for special need is very expensive in Singapore. Tuition is not a necessity.

[@MrBluehorizonsugar]

each family has their own lifestyle. he is here to share, not complain

[@steventay5834]

You are very wrong!! Car is a necessity to me as I work as real estate agent

[@Black_Sun_Dark_Star]

@@steventay5834 Nope. It just shows you have very bad planning.

[@shubhamplayz3328]

is the currency in SGD or USD

[@maypong2007]

For families whom don’t earn so much income how do they manage?

[@jasperhofinance]

Hi there! For a start, perhaps look for side hustle to get more income. Secondly, would be good to budget and track spending to have to a clearer picture of the current situation :)

[@maypong2007]

@@jasperhofinance Fully agreed Also differentiate needs and wants !

[@steventay5834]

$10,000 a month is the norm

[@dolbow]

Sorry I don’t understand - you own the HDB flat outright, so no mortgage?

[@jasperhofinance]

Yes we do have a mortgage loan. I’m only adding up the cash expenses. The mortgage is paid using our CPF :)

[@dolbow]

@@jasperhofinance thanks! BTW, can you say how much you are paying in income taxes and property taxes?

[@jasperhofinance]

@@dolbow Good point you have since taxes are also part of expenses haha, but i guess it varies because of the various tax reliefs/rebates and so on..

[@arieskobelappay8055]

@@jasperhofinance really sorry Jasper, what does it mean by CPF? And just curious about how much is a 4 bed flat in SG. thanks so much!

[@jasperhofinance]

@@arieskobelappay8055 CPF is Singapore's social security scheme :) I'm not too updated on the prices but probably we are looking at SGD 2M for a 4 bedroom private condo.

[@munster1404]

Your children's education is higher than my salary. lol

[@إحسانالعراقي-ص5خ]

I'm one man can live in Singapore and how much money in there

[@jasperhofinance]

Ok, just an estimate. Renting 1 room would be at least $600-800 (could be more as rates are rising). 3 meals a day probably another $10+. These are super basic necessities. Not forgetting transport, medical and etc which could vary

[@ahmengng4396]

Dun spend more... just be SINGLE. In Sg, no need to own a Car. I cleaned my unit. I dun spend on Partner n kids... for what ???? I spend for myself. Live Simple n Save more. Less friends n doing my cheap hobbies like swimmng n Origami. I only Sayang myself more n more n NO LENDING of money .

[@wai-sunchia6190]

He is in no way an average Singaporean.

[@isharawijesingha2211]

Hiii is there any possibility to a job in srilanka to work from home .as everything goes online .i really need to know some information i

[@puwanatth]

Where is the rent !!

[@prisca0065]

I believed he owns the flat.

[@puwanatth]

@@prisca0065 got !

[@peacenowar6920]

You must be a professional who learn more than $1500 amounts.your spending 💰 is huge compare compare to a low in come and average family .🤣

[@daniellian3690]

May we know how much u earn per month ? 😅

[@Asher89leo]

Base on this it is more than $18000 per month. He is really rich

[@wai-sunchia6190]

Combined household earnings should be 20k or above.

[@Cecilia-]

Your groceries are so expensive

[@danielthng9640]

Spoil eh you family ….

[@vnc81]

So many unnecessary spendings.