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 Working in Singapore v9, How to save 100k in 3 years to buy HDB?

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r1v3r
post Dec 6 2011, 04:06 PM

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QUOTE(cavwve @ Dec 6 2011, 03:50 PM)
Hi guys, I am new here..

Yesterday I received an offer for Finance Manager for $5K + fixed transport allowance of $200 in a listed company.

I have 4.5 yrs exp. Izit underpay? Should I ask for more or should I reject it?

If I accept it, I need to start work on 15 Dec 2011.
*
Must tell your current job and salary to compare. Else it sure sound good for any 1.5k/m Myanmar worker.

Manager for 5k only? No other major benefit?
mercury8400
post Dec 6 2011, 04:09 PM

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QUOTE(wseng @ Dec 6 2011, 10:12 AM)
Just to add on... we did a calculation last time..
if really were to save on money i think overall expenses of around SGD1.5k (include everything from room to makan)
is quite feasible..

Room : SGD 500-700
Makan : SGD 5 per meal (5 x 3 x 30)
Mobile phone : SGD 30
Transport : SGD 5 per day (5 x 30)
Misc : SGD 200

Adds up : 500+450+150+200 = SGD 1300

hence.. probably can get a 2.5k a month ..
then savings of 1k per month ..
12k per year, and within 5 years.. can get 60k...
That's RM 144k....

That's a very conservative figure...

I would see that as quite a handsome sum as maybe many in the twenties working in MY would not achieve this easily...
*
You forget to include Geylang expenses, KTV expenses and clubbing expenses whistling.gif
cavwve
post Dec 6 2011, 04:42 PM

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QUOTE(r1v3r @ Dec 6 2011, 04:06 PM)
Must tell your current job and salary to compare. Else it sure sound good for any 1.5k/m Myanmar worker. 

Manager for 5k only?  No other major benefit?
*
Yup.. I think is underpay also... My fren accountant with 3 yrs exp already getting $3.2K edy in SG.
cierra_tansy
post Dec 6 2011, 04:48 PM

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QUOTE(cavwve @ Dec 6 2011, 05:42 PM)
Yup.. I think is underpay also... My fren accountant with 3 yrs exp already getting $3.2K edy in SG.
*
Then you're overpaid already since you've only 4.5 yrs exp.
You get $2k more just for extra 1.5 yrs exp.
heavenhell
post Dec 6 2011, 05:00 PM

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Hi guys before getting EP, need to pass medical checkup first? And must do the check up in SG? Thanks
Lester1987
post Dec 6 2011, 05:17 PM

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QUOTE(heavenhell @ Dec 6 2011, 05:00 PM)
Hi guys before getting EP, need to pass medical checkup first? And must do the check up in SG? Thanks
*
yes.. the medical check is needed unless u are applying a P2 or P1 pass.
r1v3r
post Dec 6 2011, 06:17 PM

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QUOTE(cavwve @ Dec 6 2011, 04:42 PM)
Yup.. I think is underpay also... My fren accountant with 3 yrs exp already getting $3.2K edy in SG.
*
the key is relevant experience, not just the number of years since your 1st jobs.

I think the company discounted your actual experience thus the lower rate.
Mackiddo
post Dec 6 2011, 06:40 PM

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Folks, we gonna have a year end dinner feast/gathering brows.gif this coming 26th 16th Dec 2011 (Friday)

user posted image


Date : 16th Dec 2011 (FRIDAY)

Time : 8.00pm 7.00pm sharp

Location : HARD ROCK CAFE ORCHARD (to be confirmed !)


SOS <-- for latest updates

This post has been edited by Mackiddo: Dec 8 2011, 08:44 AM
toughnut
post Dec 6 2011, 07:22 PM

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hi guise, whats the agenda on gaythering? long time didnt catchup with u guise

busy with work =_=
toughnut
post Dec 6 2011, 07:31 PM

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QUOTE(deodorant @ Dec 6 2011, 07:54 AM)
food+groceries 1.3k
transport 200
other utilities & misc expenses 100
room ... 300 to 800

your mileage may vary.
*
shocking.gif if only i have the guts to spend so much on food & groceries. mine is only 1/4 of that lol

imho, it's how much you can save rather than how much you can earn.
Mackiddo
post Dec 6 2011, 07:32 PM

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QUOTE(toughnut @ Dec 6 2011, 07:22 PM)
hi guise, whats the agenda on gaythering? long time didnt catchup with u guise

busy with work =_=
*
TCSS, catching up with each other & of coz signature signing session from David

SOS

This post has been edited by Mackiddo: Dec 6 2011, 07:33 PM
icycokes
post Dec 6 2011, 07:43 PM

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QUOTE(Mackiddo @ Dec 6 2011, 06:40 PM)
Folks, we gonna have a year end dinner feast/gathering  brows.gif  this coming 26th Dec 2011 (Friday)

user posted image


Date      : 16th Dec 2011 (FRIDAY)

Time      : 8.00pm

Location : HARD ROCK CAFE ORCHARD RD (to be confirm)


SOS
*
Student welcome? smile.gif
Mackiddo
post Dec 6 2011, 07:50 PM

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QUOTE(icycokes @ Dec 6 2011, 07:43 PM)
Student welcome? smile.gif
*
all Malaysian in SG is most welcome ! rclxms.gif thumbup.gif rclxm9.gif
ky_khor
post Dec 6 2011, 08:58 PM

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Imo SGD1.2K will cover all basic needs here. Any expenses more than that is luxury - which can be converted into additional savings if one tries hard enough.
danny_ptlm
post Dec 6 2011, 09:02 PM

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QUOTE(Mackiddo @ Dec 6 2011, 04:40 AM)
Folks, we gonna have a year end dinner feast/gathering  brows.gif  this coming 26th Dec 2011 (Friday)

user posted image


Date      : 16th Dec 2011 (FRIDAY)

Time      : 8.00pm

Location : HARD ROCK CAFE ORCHARD (to be confirm)


SOS <-- for latest updates
*
One seat for me, already confirm with Fer Gf at FB just now... icon_rolleyes.gif icon_rolleyes.gif


Added on December 6, 2011, 9:04 pm
QUOTE(icycokes @ Dec 6 2011, 05:43 AM)
Student welcome? smile.gif
*
Of course... Student, worker, director or watever position also can join us...


Even WP holder also can... tongue.gif tongue.gif




This post has been edited by danny_ptlm: Dec 6 2011, 09:04 PM
TSdeodorant
post Dec 6 2011, 09:05 PM

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QUOTE(Mackiddo @ Dec 6 2011, 06:40 PM)
Folks, we gonna have a year end dinner feast/gathering  brows.gif  this coming 26th Dec 2011 (Friday)
Date      : 16th Dec 2011 (FRIDAY)[/size][/color]

26 or 16? If 16 count me in, if 26 I got wedding to attend sad.gif

QUOTE(toughnut @ Dec 6 2011, 07:31 PM)
shocking.gif  if only i have the guts to spend so much on food & groceries. mine is only 1/4 of that lol
imho, it's how much you can save rather than how much you can earn.

When your earning increases, your expenses also naturally increase one mah. I'm not a sweet young thing fresh grad anymore, the season of needing to constantly watch (the price of) what I eat already passed tongue.gif
danny_ptlm
post Dec 6 2011, 09:06 PM

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QUOTE(heavenhell @ Dec 6 2011, 03:00 AM)
Hi guys before getting EP, need to pass medical checkup first? And must do the check up in SG? Thanks
*
Yes... Please check your first page of IPA for the medical examination.


Usually need HIV test + Chest X-Ray test.. icon_rolleyes.gif
Mackiddo
post Dec 6 2011, 09:35 PM

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QUOTE(deodorant @ Dec 6 2011, 09:05 PM)
26 or 16? If 16 count me in, if 26 I got wedding to attend sad.gif
*
corrected, it's 16th. thanks for pointing out


Added on December 6, 2011, 9:36 pm
QUOTE(danny_ptlm @ Dec 6 2011, 09:02 PM)
One seat for me, already confirm with Fer Gf at FB just now...  icon_rolleyes.gif  icon_rolleyes.gif

*
ok bro. set.

This post has been edited by Mackiddo: Dec 6 2011, 09:36 PM
ky_khor
post Dec 6 2011, 09:55 PM

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I don't know anyone here in person. Can I join the Christmas gathering?

*Is there a Singapore Malaysian group or sort in FB/LinkedIn you guys're joining?
SUSkockroach
post Dec 6 2011, 10:07 PM

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I miss another gathering again. Sigh

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