Personal Finance
Single and Living with Parents: Is It Possible On a $600 Monthly Budget in Singapore?
By ValueChampion  •  December 14, 2019

While most young adults can't wait to leave their parents' home and start a life on their own, it's tough to do so straight out of university in a city as expensive as Singapore. In fact, despite the growing trend of millennials moving out before marriage, Singstat shows that only 14,100 citizens younger than 35 were actually living alone in 2018. Instead, most young adults decide stay with their parents to save enough to purchase a flat, with many citing financial constraints as a primary reason for not moving out. So what would be a realistic budget if you want to save without sacrificing your quality of life? Based on the cost of living in Singapore, we estimate that a $600 monthly budget would be sufficient for you to cover basic necessities and recreational activities. But is it realistic? We break down the spending of the average Singaporean household

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By ValueChampion
We distill sprawling marketplaces—for insurance, credit cards, bank accounts, and more—down to choices that represent a sweet spot for value—as in offering the features, returns, or experience we think you need for the smallest outlay. We ask: Is the return on a particular purchase or decision worth the cost or risk of that option, and how does the choice stack up against other options?
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