Episode Details
Back to Episodes
$245,00 Combined Income But Why Are They Unhappy About Expenses? | Should They Upgrade HDB To Condo?
Description
Today's case study is about a 30yo couple and husband has just gotten a pay raise from a new job. However, there seems to be unhappiness about how to share the household expenses moving forward and there is tension as to whether or not to upgrade from HDB to a condo.
0:00 Introduction
Married with 1 kid and another on the way
1:00 Couples comparing income
2:00 Details of new husband pay of $160,000
4:45 Wife's new proposal for husband to contribute more
Question, if your take home pay has increased slightly, would you contribute more to family expenses?
6:08 Is a joint account for couple recommended?
Concept of side stash budgeting
7:32 Investing for this couple
Communication is important to define the goal and update on the process
Investing from a joint account
10:30 Upgrading HDB to Condo
Understanding lifestyle inflation
13:30 Suggestions before upgrading
#sellhdb #savemoney #sgfinance #expenses #personalfinance #financialfreedom #upgradehome