An honorable member of the Coffee Shop Has Just Posted the Following:
Read about the article of the 38 years old Singaporean being very worried for his and children future. In this day and age, being retrenched and replace is very real. And being hauled into HR to be given the pink slip is on everyone's mind.
In terms of the number of months every family should strive to work towards depends one their expenditure. However, my thoughts is the minimum of 6 to 9 months is a good figure to begin with. Household income if 8k. Should aim for 50k minimum. Of course, can go for 100k would be better.
Frankly sometimes unemployment can stretch longer than a year.
We are not talking about financial independent here. While I try not to generalise, my thought is a fair number of hdb dwellers, fall into the middle and upper income.
Click here to view the whole thread at www.sammyboy.com.
20-04-2014, 04:10 PM
Level of savings/emergency funds in the event of unemployment/retrenchments in Spore
