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 Working in Singapore V16, Badminton 04th Oct @ Sportshub

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AIAF
post Nov 11 2014, 10:57 AM

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Hey guys, for the 1st month expenses of working in Singapore, I read in here before that the expenses are around RM10k (that's roughly 4k$?). Sorry but I can't seem to trace it back, and Google mostly gives monthly living expenses only.

From what I know so far -

1) Rent - 600$ - 800$ (looking at single room if possible) Times two for deposit.
2) Transport - 100$
3) Food - 300$
4) Bank account minimum deposit - 1000$


That's 3k$ for now. Can someone please advise on additional items to look out for?
AIAF
post Nov 11 2014, 11:20 AM

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QUOTE(deodorant @ Nov 11 2014, 10:59 AM)
Rent is 1/2 month agent fee + 1 month deposit per year of contract (i.e. if u sign 2 years contract u need to prepare 1 month agent fee + 2 months deposit). Plus first month rental.
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Thanks!

I think I'll assume only a year contract.

1) Rent - 600$ - 800$ (looking at single room if possible) Times 2.5 for deposit and agent fee.
2) Transport - 100$
3) Food - 300$
4) Bank account minimum deposit - 1000$

That's 3.4k$. So I guess after adding in miscellaneous fees, phone plan and money to spare it's around 4k$/RM10k then.


Follow up question:

Any way around any of these at all?

1) Rent - 600$ - 800$ (looking at single room if possible) Times 2.5 for deposit and agent fee. Stay with someone I know if possible.
2) Transport - 100$ No way around this I think.
3) Food - 300$ Eat less? lol.
4) Bank account minimum deposit - 1000$ Need professional advise on this.


FYI no I don't have a job secured yet. But I'm looking at relocating next year, so will have to manage my RM savings. Just traveled a bit lately so savings kinda low for now.
AIAF
post Nov 11 2014, 04:02 PM

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QUOTE(crazy25kid @ Nov 11 2014, 11:22 AM)
if u really cannot make the minimum sum average, there will be a penalty
depending on the bank, the minimum sum and penalty varies
for example
dbs/posb is sgd2, citibank is sgd10 for penalty
minimum sum is also different for banks....dbs/posb is 500 or 100, citibank is 5000 after 6 months (first 6 months no minimum sum), cimb does not have a minimum sum
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QUOTE(crazy25kid @ Nov 11 2014, 11:24 AM)
u can always go for prepaid first
costs u a lot less
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The banks without minimum sums sound like a good alternative, or else I'll just have to brace for penalties for at most 2 or 3 months.

Good alternatives, thanks! thumbup.gif

QUOTE(seantang @ Nov 11 2014, 01:26 PM)
If you can negotiate a salary advance, or better yet... get the hiring company to provide temporary accommodation/moving costs or pay you a sign-on bonus - problem solved.

You might want to add moving costs (for yourself and your barang-barang) to your list. And first month expenses are always much higher... as you're running around looking for accommodation, getting your documents, medical check, buying necessities or white goods to set up yourself, open bank account, phone line, get to work early initially to make a good first impression etc... so you might want to budget for some of taxi rides, additional public transport trips or even bottles of water to drink when running around.

$300 for food? That's $10 a day... like you chap fan with no drinks every meal, every day (or one Big Mac meal each day). If you have a thing for coffee or cakes or junk food or have a sweet tooth or a girlfriend... you can safely double this amount.
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Those seem to be the best case scenarios, it'll really my "selling" power. But never hurts to ask.

Exactly! Plus I haven't even factor in the costs for trips down to SG for initial interviews. Though at least I now have a good base to plan on.

I don't mind luxurious treats that's for sure, but I can be really frugal when need be. That budget's only for the first month anyway tongue.gif

Thanks for the input!
AIAF
post Nov 11 2014, 04:34 PM

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QUOTE(knwong @ Nov 11 2014, 04:27 PM)
Why bother with the details when you yet to land yourself a job in SG?
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I like to plan and at least have an idea of what I'm going to face. Different strokes different folks.

Not like I'll be repeating the question again when I do. Saved everyone's suggestions. Only asked cause I couldn't trace back what I read before.

RM10-20k is no small amount sweat.gif

QUOTE(crazy25kid @ Nov 11 2014, 04:26 PM)
do note there here, banks do not share their atm like back in MY
so some banks, u may have problem withdrawing money.
just to let u know when considering
some companies also requires specific bank for salary...lol
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Noted on this. nod.gif

This post has been edited by AIAF: Nov 11 2014, 04:48 PM

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