it feels impossible to save money after having just 1 kid. I'm working a $2.5k job and so is my husband. Our income barely covers everything. Is there any advice that you could give to us apart from just setting aside money every month? we're worried right now. On a good month we only manage to save about $800. Is that enough?
It might not seem enough but atleast you are saving :) it will add up along the way. I think you're on the right track. Make better choices in terms of spending -- if you have extra, you might feel like you want to spend it on miscellaneous things but think if it can be put towards something else. That being said, it doesn't mean you cannot enjoy. I agree with the mom above, there are ways to enjoy and shop without breaking a buck.Read more
I would say $5k per month is quite comfortable for a family of 3. Of coz it dep on ur needs n wants. For me, cooking at home definitely saves more than eating out. Going to a govt Sch is cheaper than private. We eat out only twice a month n the rest of the time, just do simple cooking. If my hub is working, we take bus/ mrt than taxi. Going out parks, museums, playground which are free can be v fun for family. Go carousel, motherhood forum to get cheaper deals. Normally, I save here n there but spend a little bit more on baby stuff.Read more
That’s the thing abt Singapore It’s too exp
Find places to save. Keeping up with the jones is an expensive and shameful habit perpetuated by the media. Don’t. There are always cheaper alternatives and even free ones that may be better than expensive marketed stuff out there. A combined income of $5k should be sufficient for a family of 3 to live very comfortably. Unless you have money tied up in financial obligationsRead more
- How much is your combined income as husband and wife? And how much do you manage to save every month?Anonymous
- hi, SAHM does your mil ask you for money every month? she ask me for money every month when hubby gets pay. Hubby bring home merely $1.5k.. We are staying with ILs. She never fails to ask me to give money go my FIL every single month even when I told her that we are paying bank loan of $300 every month. Plus Minus expenses, we really have nothing left. So my parents always help me out by giving me money and all. But my parents never ask money from me before even though they help us every month. I feel that it is unfair if I give my ILs but not my parents.. What do you think?
You mentioned u stay with the in-laws, but whose house does that belongs? If house are theirs n I think yr family shld help to pay something or give allowance. I believe yr own family can understand. If in-laws can help u looking after children, u can also look for job to help yr husband financially.Anonymous
- Where can I apply for financial help? I lost my job last month, and have applied for temporary relief funds which is only a one time money (not guaranteed) but it still isnt enough to feed me and my toddler. My husband still serving ns $600+ a month. There isnt a job that accepted my application. Milk powder is running out and bank balance is near to empty. Please advice thanksAnonymous