Young Singapore mother struggling to make ends meet
Posted by temasektimes on August 17, 2012
I can said I am lucky to get a left over BTO 4 room flat from HDB 4 years at $200+, my monthly loan from my CPF is $700+ for 30 years for both me and my husband. Which we just started working then. My salary then was $1.8, my husband was $2.6 and my husband just started working, there isn’t much $$ in our CPF. End up we got to pay some cash for the10% down payment. Where did we get this cash from?? Parents, saving.. than what about renovation? Now, 4 years later, our combine income is still less than $7k. We have a 2 years old daughter, another to be out next month.We don’t dare to own a car, we have to support our elderly, pay our study load, infant care/ child care/ nanny. We don’t have much saving left.
Now a BTO 4 rooms flat is selling for at least $400k and you can only get the flat 3 years later. Family planning will also be delay. alot of my friends are paying like more than $1k or 2k for the HDB load monthly. which their CPF contribution did not even have that amount every month, they have to top up cash for it.
FYI, raising a child now is about 1K per month. all the milk powder, diaper, paying for the caregiver, food, medical (touch wood), etc.
This is reality, I am also trying to accept it. If you can’t accept it, you may want to choose to leave the country.
Seeing my friends stress up on Primary 1 registration.Over registration of Pri 1, having to ballot becos of lots of New citizen joining, taking up the Pri 1 vacancy. Raising up cost, Education cost, competition, etc. All this add up to the consideration of people having children. It’s not easy living in Singapore now.
*The above was first posted as a comment on Facebook.