RAISING 3 CHILDREN COMFORTABLY NEEDS $30K-$40K PER MONTH?
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- เผยแพร่เมื่อ 18 พ.ค. 2024
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I found a viral video that suggested that a family with 3 children need $30k to $40k per month to be comfortable. Today, I'd share reasons why I disagree and what we need to stop doing which is to make children the scapegoat of a family's expense inflation.
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0:00 Start
1:00 Money lessons
2:29 Why $30k-$40k
3:30 Mortgage tip
5:00 Big costs
7:26 Holiday costs
8:39 Lifestyle creep
#money #cost #savings #savingmoney
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I don’t raise my children with more options. I raise them with limited options so that back in their head they always have this concept of scarcity and not the idea of life abundance.
Ah? Scarcity mindset also has issues. But understanding don’t take things for granted is very important
After the social media, people stopped living their lives and start watching others live.
seems more like pamper 3 children instead of raise
Exactly .like pampering them ..only 1 party in Singapore can afford .tharman ..and pap ..minister
I cannot agree more. It is good for the children to learn from young that life is not perfect but we can live with cheaper alternatives and still enjoy ourselves ourselves
Totally agree with you!
I have 3 children and they are young in age. Certainly, I don't need that much.
More like 10k , but few can achieve that
Guess everyone has different expectations. She’s not wrong as well. Some parents will want their kids to go to the best private schools and attend private classes if not they would rather not have kids.
Agree that everyone has different expectations. But when we debate what’s comfortable, should it be for a description that can fit the masses?
just another 5C typical Sg ka porean
Totally disagree with you, some couples sacrificing a family because they r not in a position to provide them the best private schools n attend private classes? Then why get married? I hv no issue with this lady spending $30-$40K every month for she can…but majority r just happy to provide the necessity to bring up their children …lucky them they hav sane parents n not being sacrificed…
no wonder schools/ selling courses so profitable lol
how many of us actually went to preschool back then? we still grow up fine anyway what's the biggie here
@@marimo66666globalization + competition quite different these days. Back in those days, we simply needed good grades to get into good schools or get a good job (just focus on studying and we are set). These days, you not only need good grades, tons of internship experience, good CCA/leadership experience to get a chance to go for interviews. (Starting a business isn’t for everyone).
Alternatively, you need really good relationships with people from those well connected backgrounds.
Totally agree with you. I have 3 kids and we sent to PCF and church kindergartens and holidays. Even classes can be done at the community centres where Aikido lessons were cheap. I definitely would not have agreed to spending 30-40k on kids and household expenses. Live within your means if you can and not over indulge them in unnecessary lifestyle activities to keep up with the Jones
New parents are having too high expectations, and part of the blame is the two-child policies that vastly increased our standard of living. Now we've tasted what it's like to feel richer than previous generations and it's hard to go back. The only solution is for parents to take the hard pill and accept that it doesn't take that much to raise children. Just don't spend on the best pre-schools, childcare, latest gadget and toys, etc.
Hw much is aikido lessons?
@@axolet parents spoil their kids, later complain why kids are not appreciative.
$80 for 3 months weekly lessons but that was about 10 years ago@@fxorigins6624
@@fxorigins6624Can start with one mth $90 4 sessions. If kids show interest and want to continue, it is around $500 6mths 24 sessions for kids.
There is no mention of the maid who will carry boy-boy's backpack to war. How will the poor boy survive without his maid? Please enlist the maid service for wartime action immediately.
That lady seems to humble brag 😅
To people who dont hv it, its humble brag. To people who have it, its normal. To people who are way up there, its not enough
@@DonYang73 Are you indirectly trying to belittle I don't have 30k to spend per month? 🤣
Ayo 300k-400k per month also can lah
Well done Josh. Voice of reason.
Thank you 🙏
^^ I agree to be frugal - to tell the truth my dad gave me $2 per day during my secondary school days
I learn that money is precious and I learnt more financial knowledge while I work
Our family income is around more than $40000 per month
HAHAHHA so kua zhang meh need 30+K... some people here... if that is really the case then very few people would fit that requirement... some people throw figures around like it's commonplace...
There is a difference between people who are actually rich and people who act rich. Really rich don’t bother to go social platform to impress people.
She puffed up the expenses and highlight it’s all for the kids. She is preparing for how much alimony she should get.
😨… hopefully not. Hopefully just a pov she is seeing and sustaining but not applicable to masses
Parent of 3 children here, lives in HDB, one budget car, spends about $10 k as monthly household expense to have an average life in sg:
- Nursey and pre-school fee used to be a big headache, each child can easily cost S$1.2 k per month; issue solved when they get to primary school;
- Travel cost is high for a big family, as still need an extra bed in any type of hotel room;
- Requires mummy to be full time housewife, which reduces household income;
- More insurance cost - both for necessity insurance and for additional planning ones;
- Eating out does cost a lot these days - S$30 is a start price tag in any hawker center; cooking at home costs about S$ 25 per meal (my wife's rough calculation);
- Out of Sg travel has better to be within ASEAN region, once a year;
- Reasonable level of tuition classes - too many won't work anyway.
All in all, not easy, not cheap, but not a S$30-40K thing.
Thank you for sharing your pov
Cute kid at the background 😊
Thank you thank you 😄
At the end of the day, children don't choose to be born, let alone what was spent on them.. If don't want to spend so much for quality then just have 1 child and focus the resources on the child. If want to have more children then try to earn more or try to choose more affordable options. It is not logical to blame the children for having high expenses.
1 kid from baby cot to Uni flattop is 1.5million
S$30K to S$40K per month is the min. basic requirement for ONE Pass holder (foreigner) to live and work in Singapore freely. It’s reported that this is the top 1% earner for the foreign talent. I guess this salary should count among the top 3-5% overall income earners here. And if this mom needs min. S$30,000 to bring up her 3 kids, it means most other parents would fail their children miserably. So, if she lives in a condo, I guess those below S$10,000 per month can afford only to live in a “zinc” house! She is simply unrealistic, and living or rather dreaming in her own world!!!
I actually agree with her. This figure is quite realistic
😨ok…
Why blur the face sia, wanted to see if chiobu cuz demand so much
easily searchable if you want to see
The voice doesn't feel like chiobu 😂
Now I must warn young parents not to pamper your children like queens and kings. Protected from all harms. My step half sister treated like a queen, unlike myself was not cared for because my actual father abandon me since young. That queen went out of job in early 30s and couldnt find a job till now she is almost 60s. There is a price to pay for spoiling kids. Probably blame all people around her for her own failure and also blame govt, blame whole world.
I want to be in a financial position such that I can provide the best for the children within the means of my financial capability. Obviously, it is her choice to spend 30k/month.
But being able to provide the best doesn't mean I have to make it happen all the time. My teenage daughter wanted to watch Taylor Swift. She queue for it (cannot get it via online queue), paid for it via her own pocket money. She even went for cat 100 on the last day.
We want to be in a position to provide the best but it doesn't mean everything needs to be the best.
Be in position - agree 👍🏻
Imagine if she had no children, she can invest $40k per month. How much will that compound to over 25 years
If I have 30k a month, I live in Penang liaw, in Bubgalow, driver, maids, gardeners, kids can play whatever sports they like, song song fly to Sg and avoid the causeway traffic jam
Penang no need that much la haha
@@joshconsultancy private jet several times a week can get expensive real quick
Maybe can do MM2H and kiddos can even go private international schools in Penang.
Bad influence of Mediacorpse Richie Famouse 😊
I am looking for tution for kids 😊.
smart =P
Hi
Hi Syed, first comment 👍
i am glad i am single and would likely remain to do so.
No no the purpose of this video is to show there are likely many lower interpretations of comfortable to raise a famoly
agree cannot buy children everything that they want. i am prob one of the few who refuse to buy taylor Swift tickets for children 😆
Not one of the few. Many of us agree 😉
Children eat junk in Singapore ..McDonald ..KFC ..burger king ..snacks ...and hotdogs ..
don't read too much into it 😂 she jus trying to create viral content, alot distraction these days, focus on what works well for u and ur family
Actually the lady in the video who say she need 30k per month to raise 3 kids is simply because she is just try to build a case against her spouse in preparation for (or alr in process of) divorce. Her aim is clearly to form a base for inflating the child maintenance fee from spouse after divorce.
And to call her bluff, I would plead the law maker to amend the women charter to mandate the setup of a common bank account between the divorced spouses, and both parties shall be liable paying the child maintenance fee into the common account, assess based monthly income and net worth. The maintenance shall not be paying into the bank account of the party who has the care and control of the child.
With such law being in placed, I am 100% sure the lady in the video will say only need $3000 per month for the 3 children maintenance instead of 30k.
SG Women now are not the same as 30 or 40 years ago. And therefore the current women charter no longer applicable
Should ignore the views of these Marie Antoinettes as they do not apply to the majority
Wanna stay condo dont grumble abt money simple ...still want say yes for any enjoyment?
Pity her husband. Probably hair all dropped and on medication for high blood pressure. Not sure if this woman herself makes that kind of money, but she is definitely trying to live luxuriously.
No one mention about bring up kids with good values live below you means, frugality, be appreciative, gratitude, hardwork.
Agree it’s v important
Something a class cannot teach and parents must enforce themselves
Some nonsense video by the lady to attract controversy and viewers.
Whose paying and where is the income to sustain coming from?
Seriously, i hope not to see the day when you are old having a meal with your kids and asking for a coffee when they ask you to drink plain water instead.
Won’t happen no worries
Weekend cannot do free stuff?? She forgot to take her medicine?
“Cannot always” but ya it’s optional and free stuff can be as fun
She probably had a deprived childhood and now she wants to give her children what she couldn't have back then. She doesn't need $30K per month, she needs psychiatric help or at least some counselling...
What happens when you have everything in life without work for it life became meaningless
I don't see anything wrong with what she said. She said she wanted to bring up her kids comfortably and she set her expectation upfront. It is true that enrichnent are expensive and whether they are worth it is another topic. But at least they are paying for it (even giving parents allowance) and not utilising public resources so entirely her choice, i feel
Usually when we debate what’s comfortable it’s for a description that can fit the masses?
@joshconsultancy yeah, it is definitely high for a typical family but she also factored in allowances for parents, investments and savings (which indicates that they are pretty responsible). So whether 30-40k is sufficient also depends on her plans too. But hey, she is contributing to economy n population!
BTW,Thanks for all your analysis. I listen to your videos frequently. Very educational!
Lavish lifestyle that most families cannot afford. Entitled children that received everything is not good upbringing then again it’s their choice seems this lady can afford it, maybe grandparents spoilt the grandchildren with these luxuries. If they can afford these luxuries, their retirements are covered, nothing to worry for them. 😂
Money can’t buy good parenting
I like but didn’t watch. I don’t want to vomit blood.
Oops 🙏
But don't become penny wise, pounds foolish yah.. 😂😅
Totally can see the lady’s point of view.
Politicise this video- raising 3 children in pap Singapore❤️
Really no right ir wrong on how you wanna bring up your kid.
Middle income kids learn how life is unfair and how connections and networks far outrank hard work.
Middle income kids brought up as frugal low income kids learn how hard work earns you a fair living. As you work for people who have better connections.😂
Comfortable living is indeed subjective. Bus is comfortable cos there’s aircon but also not comfortable because time is not totally in your own hands.
To each his or her own.
Agree no right or wrong
this getting silly.
If your kids ever ask you why do you bring them to this world, show them the darth vader condom ad"I am not your father"😂
Jokes aside, as the gap between the haves and have nots increases, as well as the intellectual and religious lots widen, we will see polarity of populations, the fewer ultra rich vs the majority extremis. It is happening in UK 😅
All things considered the impending world reset is good for this planet. ❤
But the selfish genes in us want us to procreate. 😂
well, well, well Uncle Josh.
my 300k a year comment may not be too crazy after all
I dont understand the need for kids to have hobby
back in my days after the war, we worked, worked and worked some more
we turned out alright
As for kids, “Find a job you love, and you will never have to work a day in your life.”
Never too young to work