Money Mind

Pls share ur thoughts

I saw tkl post n some bb commenting
https://www.facebook.com/100045577148564/posts/1053002022895693/?mibextid=rS40aB7S9Ucbxw6v


Report url
https://www.mercer.com/insights/total-rewards/talent-mobility-insights/cost-of-living/

it is definitely a big factor in why they dare not call for snap elections after LW took over

more than likely nxt yr will have v big ang pow

actually how u define COL. does it include housing?

hmm but either way with or without, i think it's ridiculous.

whether or not it's ok right... let's say u make 4k per mth. i think can cope. but not acceptable because the costs are crazy enough

like slowly boiling frogs

must see everything in tandem to salary and rise in salary. also cannot just look at civil service. even though i feel working for govt or GLC is alr depressing wages enough if u include car and house, compared to say 20, 30 yrs ago when everything including housing and cars are still affordable

now it's not

transport costs alow increase by dunno what 6% or more, but real wages increase by 1-3%?

then the yakun or normal kopitiam also increase by that or more

electricity also going up. only say give vouchers to block for time being

Cost of living... I can handle basic col if I am holding onto my current job.

affordable is subjective leh.

i looked up the definition just in case -

adjective
inexpensive; reasonably priced.
"affordable homes"

if it' includes inexpensive then no. let's say you make 10k per mth. u can eat good stuff every other day. u maybe can afford a bread and butter car if no commitment.

even if let's say u make EDMW's recommended 20k per month. u can afford these and more luxuries but is it really affordable? inflation, price gouging and unscrupulous profiteering have made many things cost more in sg. and the same amount of pay now compared to many years ago means u cant really afford them.

tbh i think it even affects people who make 20k per mth. maybe 50k per mth then u dont feel so much of it. but, dont forget, if u include house or car, then even if u make 50k per mth i think u will feel it. coz u want a bigger condo or landed. or a better car. but these already cost like many times what they were since not long ago

maybe u can buy a 3 or 4 or even 5 room if u have savings or spouse or upgrading

u can afford tuition for ur kids, can maybe afford holidays...... but is it affordable? no lor. not in relation to inflation in prices compared to say earning 10k 10, 20, 30 years ago

The current cost of living is very high. The government has to provide subsidies and vouchers to help make things more affordable. If things were already affordable, there wouldn't be a need to raise taxes or give out handouts.

Quote from: Banned User on Sep 15, 2024, 09:37 AMThe current cost of living is very high. The government has to provide subsidies and vouchers to help make things more affordable. If things were already affordable, there wouldn't be a need to raise taxes or give out handouts.

Indeed. Fact that gov had to provided handouts for all citizens means col is getting out of hand

Previously handouts were only given out to those who are eligible (annual income less than 30k or something like that) for it and Iirc that amt to more than 60% of citizens

Saw on edmw that many ppl either downgraded their hospital integrated plan or outright cancel it cos premiums doubled, need to pay cash and they are just in their 40s

Even town council are giving voucher to help with cost of living and internal consumption.

There are no solution available or viable solution from the government.

me and this clifford has mutual friends and i read quite a few of his comments

its very true, when a country itself is expensive and ppl feel strangled, its dangerous

unaffordable and crazy

no car and still stay with parent can comment ?

I think it depends.

If everyday eat cai png, look out for deals at supermarket, no cars and not have much social life, it is okay.


But if need to flex, buy Audi, every week go eat at Dempsey Hill, buy condo, wife not working, got 2 children, shop at Cold Storage or Jason's over a measly above average salary then it's suffocating. Like my corlick partner, maybe his salary few hundreds more than me but is the latter. For me no car, still stay with parent i think, low key he also jealous of me. :s13:

On the topic of "OMG KIDS ARE SO EXPENSIVE"
It's all bullshit.
My uncle security guard and wife working at restaurant brought up 2 kids like no issue, every year go holiday 2 times. See them very happy. Stay at 4 room flat.

Quote from: Joe Maya on Sep 15, 2024, 11:27 AMI think it depends.

If everyday eat cai png, look out for deals at supermarket, no cars and not have much social life, it is okay.


But if need to flex, buy Audi, every week go eat at Dempsey Hill, buy condo, wife not working, got 2 children, shop at Cold Storage or Jason's over a measly above average salary then it's suffocating. Like my corlick partner, maybe his salary few hundreds more than me but is the latter. For me no car, still stay with parent i think, low key he also jealous of me. :s13:

On the topic of "OMG KIDS ARE SO EXPENSIVE"
It's all bullshit.
My uncle security guard and wife working at restaurant brought up 2 kids like no issue, every year go holiday 2 times. See them very happy. Stay at 4 room flat.

How old is your uncle and aunt ah? Different gen...

Quote from: peaceheart on Sep 15, 2024, 11:35 AMHow old is your uncle and aunt ah? Different gen...

In their 40s but 2 kids in kindergarten...

Quote from: Joe Maya on Sep 15, 2024, 05:33 PMIn their 40s but 2 kids in kindergarten...

Wah 40s but is your uncle

I know of 1 such couple too. Both are ite grads. Husband drive phv and used to be security guard.. Wife is doing some low admin job. 2 kids

I ever heard low income couple say having children is not expensive too but I digress. I'm not a parents but if providing shelter and 3 meals a day then of cos very doable but nowadays there are many expenses. Even for 3 meals, everyday eat Maggie mee or cai png meh?

too bad rah.

take it or leave it
 :frown:

you can afford doesnt mean it's affordable

say a family makes 12k or even 15k. many things can afford, but purchasing power is getting smaller

generally we are going downhill and the govt is one of the main causes. of course includes worldwide situation

some of the things they can control or enforce but they nv do anything much, like housing prices and hawker, shops price gouging

like they say what kopi powder increase. mainly is the business owner greed + rise in rent rather than what kopi powder increase.

i just went to buy kopi powder. the better quality i think is $16 per kg the best quality at those shop maybe $20. not counting in those more atas specialized coffee bean outlets lah

but frankly the coffee already sell at dunno $1.80 or what at toast box (i nv buy fr them la), now tiagong dunno is $2.30 or $2.50

if u make at least 3-4k per mth u also can afford. but is it affordable or does it make sense? answer is no

Col is based on

Needs Vs Wants

3 meals in hawker vs 3 meals in restoran

Wear normal clothing vs wear branded clothing

Take BMW vs drive BMW

Sstay pigeon hole hdb vs stay condo landed

Go holiday in se asia vs go holiday in exotic places

Fly budget cattle class vs fly full fare biz class

Quote from: bsg on Sep 15, 2024, 09:51 PMCol is based on

Needs Vs Wants

3 meals in hawker vs 3 meals in restoran

Wear normal clothing vs wear branded clothing

Take BMW vs drive BMW

Sstay pigeon hole hdb vs stay condo landed

Go holiday in se asia vs go holiday in exotic places

Fly budget cattle class vs fly full fare biz class

Citizen or Rolex or Richard Mille.

Quote from: Joe Maya on Sep 15, 2024, 09:53 PMCitizen or Rolex or Richard Mille.

Rolex is needs

Pp is wants

Quote from: bsg on Sep 15, 2024, 09:51 PMCol is based on

Needs Vs Wants

3 meals in hawker vs 3 meals in restoran

Wear normal clothing vs wear branded clothing

Take BMW vs drive BMW

Sstay pigeon hole hdb vs stay condo landed

Go holiday in se asia vs go holiday in exotic places

Fly budget cattle class vs fly full fare biz class

Col based on needs where got affordable, especially in the case of hdb flat?
Not everyone can get hdb flats at bto prices.

Quote from: bsg on Sep 15, 2024, 09:55 PMRolex is needs

Pp is wants

wrong, even seiko/citizen is a want. casio maybe cheaper version is a need

Quote from: default on Sep 15, 2024, 11:08 PMwrong, even seiko/citizen is a want. casio maybe cheaper version is a need

Heng I work
If 50.00 a Casio watch
My pa last time one human working he can't afford lei
5 /6 mouths depend on him eh

Quote from: default on Sep 14, 2024, 11:13 PMit is definitely a big factor in why they dare not call for snap elections after LW took over

more than likely nxt yr will have v big ang pow

when lkk was young
Thing were affordable n no handouts

Things were basic n all need based than wants based
We hardly got cover walkways
Cc s usually quite open concept
Now everything covered walkway
Cc is like castle enclosed n lock out rest of community

Quote from: default on Sep 14, 2024, 11:16 PMactually how u define COL. does it include housing?

hmm but either way with or without, i think it's ridiculous.

whether or not it's ok right... let's say u make 4k per mth. i think can cope. but not acceptable because the costs are crazy enough

like slowly boiling frogs

must see everything in tandem to salary and rise in salary. also cannot just look at civil service. even though i feel working for govt or GLC is alr depressing wages enough if u include car and house, compared to say 20, 30 yrs ago when everything including housing and cars are still affordable

now it's not

transport costs alow increase by dunno what 6% or more, but real wages increase by 1-3%?

then the yakun or normal kopitiam also increase by that or more

electricity also going up. only say give vouchers to block for time being

Housing flipped 11-12 times vs when I was a kid but if my pa were to be 30 yo now doing same construction job he used to do
I think he salary maybe only x2 of his olden days when I was kid
So only minister can keep up w rising col bah

I think 4 k is ok for single and one - two generally fit n healthy parent
 If got kids and family expenses I think will need to budget carefully n like my mom : everyth also we don't want cos we can't afford

Quote from: EncourageSome1 on Sep 15, 2024, 11:43 PMHeng I work
If 50.00 a Casio watch
My pa last time one human working he can't afford lei
5 /6 mouths depend on him eh

Depends on hw impt it is to u lor.

Quote from: EncourageSome1 on Sep 15, 2024, 11:51 PMHousing flipped 11-12 times vs when I was a kid but if my pa were to be 30 yo now doing same construction job he used to do
I think he salary maybe only x2 of his olden days when I was kid
So only minister can keep up w rising col bah

I think 4 k is ok for single and one - two generally fit n healthy parent
 If got kids and family expenses I think will need to budget carefully n like my mom : everyth also we don't want cos we can't afford

Hw he flip so many times? 12 times means MOP of 60 yrs? Unless u talking abt private?

Quote from: Banned User on Sep 15, 2024, 10:53 PMCol based on needs where got affordable, especially in the case of hdb flat?
Not everyone can get hdb flats at bto prices.

$1k salary can buy hdb according to pineapple man

Quote from: EncourageSome1 on Sep 15, 2024, 11:43 PMHeng I work
If 50.00 a Casio watch
My pa last time one human working he can't afford lei
5 /6 mouths depend on him eh

Last time sole breadwinner can support family of 6. Now dual income also struggling

In before cos couple spend too much on needs. Eg hols to Europe and car etc

Quote from: EncourageSome1 on Sep 15, 2024, 11:43 PMHeng I work
If 50.00 a Casio watch
My pa last time one human working he can't afford lei
5 /6 mouths depend on him eh

My most expensive watch costs $1.8k. Seems expensive until you realise a new iphone 16 pro costs the same...

Quote from: EncourageSome1 on Sep 15, 2024, 11:48 PMwhen lkk was young
Thing were affordable n no handouts

Things were basic n all need based than wants based
We hardly got cover walkways
Cc s usually quite open concept
Now everything covered walkway
Cc is like castle enclosed n lock out rest of community

Work in cc is one of the best ironbowl job

Quote from: peaceheart on Sep 16, 2024, 11:20 AMLast time sole breadwinner can support family of 6. Now dual income also struggling

In before cos couple spend too much on needs. Eg hols to Europe and car etc

Greed is the root cause of skyrocketing prices. The more greedy we are, the more inflation we experience. For instance, something that used to cost $999 now costs almost $2000.

Quote from: Banned User on Sep 16, 2024, 11:53 AMGreed is the root cause of skyrocketing prices. The more greedy we are, the more inflation we experience. For instance, something that used to cost $999 now costs almost $2000.

Thats cheap. If u go think abt housing, hdb then this 1k become 2k thing is nth

Quote from: default on Sep 16, 2024, 12:18 PMThats cheap. If u go think abt housing, hdb then this 1k become 2k thing is nth

Let me throw a curveball here.
If the cost of living is reasonable, then so is the cost of keeping this forum running smoothly.
All those expenses, including inflation, really do add up, you know.

Quote from: default on Sep 16, 2024, 10:53 AMDepends on hw impt it is to u lor.

Watch not impt
Just buy anyhowly a thing to tell time
Now got daiso mrdiy 8-10 got a watch alr
But irl 50 last U 3-5 yr
Maybe daiso or mrdiy last 1 yr ...which one more costly : easy to see

Quote from: peaceheart on Sep 16, 2024, 11:20 AMLast time sole breadwinner can support family of 6. Now dual income also struggling

In before cos couple spend too much on needs. Eg hols to Europe and car etc

Yea
When lkk was young .. our only vacay is go sentosa or ubin or go changi airport watch planes

Quote from: peaceheart on Sep 16, 2024, 11:24 AMWork in cc is one of the best ironbowl job

Nv got chance to work there but hearsay lot of buffet hor

Quote from: Banned User on Sep 16, 2024, 12:31 PMLet me throw a curveball here.
If the cost of living is reasonable, then so is the cost of keeping this forum running smoothly.
All those expenses, including inflation, really do add up, you know.

no la im not saying that is reasonable, im also saying everything adds up

im saying in perspective. my flat was built in 1973 and cost 9k+ (let's round up to 10k)

51 years later, this place costs about 380-400k

less than 50 yrs lease left and cost 400k, 40x the price in 1973. did our salaries increase 40x?

cost of running the forum is definitely not reasonable for the number of people we get. no economies of scale

Quote from: peaceheart on Sep 16, 2024, 11:24 AMWork in cc is one of the best ironbowl job

Last time our only hobby was go market
Go school
Or go cc play playground n watch the black white noisyTV

Quote from: Banned User on Sep 16, 2024, 12:31 PMLet me throw a curveball here.
If the cost of living is reasonable, then so is the cost of keeping this forum running smoothly.
All those expenses, including inflation, really do add up, you know.

Some costs grow so much faster than others
While Telco costs came down so much from 2000

Quote from: default on Sep 16, 2024, 01:26 PMno la im not saying that is reasonable, im also saying everything adds up

im saying in perspective. my flat was built in 1973 and cost 9k+ (let's round up to 10k)

51 years later, this place costs about 380-400k

less than 50 yrs lease left and cost 400k, 40x the price in 1973. did our salaries increase 40x?

cost of running the forum is definitely not reasonable for the number of people we get. no economies of scale

Hv U opened e carousell AC n product ?

Quote from: EncourageSome1 on Sep 16, 2024, 01:30 PMHv U opened e carousell AC n product ?

No, not yet. Recently super busy and down in mood due to fucked up colleagues...

Quote from: default on Sep 16, 2024, 01:41 PMNo, not yet. Recently super busy and down in mood due to fucked up colleagues...

U ownself busy n prioritise ur main things first
Don't worry abt this la

Taylor swift concert sold out in 1 min

Quote from: EncourageSome1 on Sep 16, 2024, 01:27 PMLast time our only hobby was go market
Go school
Or go cc play playground n watch the black white noisyTV

Black and white TV? Auntie you 60 or 70 yrs old?

Quote from: default on Sep 16, 2024, 01:26 PMno la im not saying that is reasonable, im also saying everything adds up

im saying in perspective. my flat was built in 1973 and cost 9k+ (let's round up to 10k)

51 years later, this place costs about 380-400k

less than 50 yrs lease left and cost 400k, 40x the price in 1973. did our salaries increase 40x?

cost of running the forum is definitely not reasonable for the number of people we get. no economies of scale

LW say salary in tandem with price of hdb wor

Pineapple man say $1k can buy flat. I assume it's best case example with ALL the subsidies

My bro shared with me that during a business trip to london, he decided to just take some time off and visit the places he went to when he was younger.  The prices in the area show up so much compared to the increase in local salary

So he commented that while there is a lot of inflation in Singapore, people complaining about it has not seen how bad inflation is overseas.  Even Malaysia is crazy but just that because of the exchange rate it feels ok

Quote from: EncourageSome1 on Sep 16, 2024, 01:27 PMLast time our only hobby was go market
Go school
Or go cc play playground n watch the black white noisyTV

Zhun bo

Quote from: EncourageSome1 on Sep 16, 2024, 01:27 PMLast time our only hobby was go market
Go school
Or go cc play playground n watch the black white noisyTV

Zhun bo? Got sun bian pak goli?

Quote from: peaceheart on Sep 16, 2024, 01:50 PMBlack and white TV? Auntie you 60 or 70 yrs old?

Lkk 99 yo

Quote from: Nevereatrice on Sep 16, 2024, 02:03 PMZhun bo

Zhun bo? Got sun bian pak goli?

Cc got a bit of sandy ground near playground mostly grass

Goli is for when we climbed over school gate and played in full school field
Not that bit of playground land

Quote from: Nevereatrice on Sep 16, 2024, 01:49 PMTaylor swift concert sold out in 1 min

Everyone mk ownself eat grass
Their kids eat bird nest

Quote from: EncourageSome1 on Sep 16, 2024, 02:08 PMLkk 99 yo

Your cpf must be gaolat

Quote from: peaceheart on Sep 16, 2024, 04:25 PMYour cpf must be gaolat

Olden day no cpf de
Recent invention niah lei

Quote from: EncourageSome1 on Sep 16, 2024, 06:27 PMOlden day no cpf de
Recent invention niah lei

Pension scheme even more power!!!

Quote from: peaceheart on Sep 16, 2024, 06:52 PMPension scheme even more power!!!

Pension is for civil servant na
We coolie Kang got zilch
We kept inside sodapia metal tin

Quote from: EncourageSome1 on Sep 16, 2024, 07:05 PMPension is for civil servant na
We coolie Kang got zilch
We kept inside sodapia metal tin

Bokoleng no cpf. Ure my laopeh age then ya i believe

Quote from: default on Sep 16, 2024, 07:46 PMBokoleng no cpf. Ure my laopeh age then ya i believe

Compulsory since 199x
Before that all part time and contract workforce ppl no cpf de