Do you know where you stand among fellow Singaporeans in terms of household income?

Now, go on and sum up the income of all the income earners in your household, does it give you more than S$8,846 per month? If it does, congratulations, you are better off than 50% of Singaporean household! But, have you ever compared your income to Singapore’s cost of living?

Key Takeaways: At least 20% of Singaporeans are earning less than their monthly expenditure 🙁 Singaporean’s households spend an average of S$4,839 per month. Two ways to do better for household finances: Pegging your expenses in the various category to Singaporean’s household average, and finding the right investment. Further Reading: Singaporean’s household spending Household expenditure of Singaporeans differs with age, with the age range of 30-39 years old spending the most. Based on the Household Expenditure Survey done in year 2012/13, Singaporeans spend an average of S$4,724 …