Is a 3k monthly salary enough to do all the big adulting things in life? Like getting a house, renovation, marriage and kids. I grad in 2022 and just started working.
I have a GF of 6 years and we have plans to marry early and I intend to propose soon. The biggest worry is finances. Due to my past mistakes in younger days in partying, buying gadgets and loss in the stock market, I’m only left with less than 5k across all my bank accounts and about 4K in cpf.
My GF is a PR non degree holder and earning 2.3k. As a man I feel I should shoulder most of the finances. But recently, I read that even buying a BTO requires 10% downpayment and I feel helpless.
On top of that, each of our parents have health issues and siblings studying and we have to help out the family finances.
Here are what netizens think:
- Best advice to you is, DON’T GET MARRIED. Do not fall into this trap simply for the sake of “buy a flat” eligibility. If 2 people truly love each other, there’s no reason why the both of you cannot cohabit. Focus on your career and work towards getting a private property. Remember… It’s cheap to get married but it is going to cost you an absolute fortune when shit hits the fan! Legal fees… Division of assets… Etc. Remaining legally single but emotionally commited to someone is a much simpler process to deal with when the relationship sours – you guys sell the shared property and split the proceeds 50-50. Clear cut.
- Skip the wedding and all that overpriced marriage nonsense. It’s unnecessary. That’s $30-50K saved (or more), almost a full downpayment right there.
- If there is one side in-laws that is nicer, both stay there first. Or just live separate until you can bto down the road. Don’t worry about it. As long as the focus is each other, everything will be good.