Saving & Spending
This Is How Long You Have to Save for Your Wedding in Singapore
By ValueChampion  •  June 25, 2018
Weddings in Singapore can be a costly affair, easily costing anywhere between S$14,000 to S$54,000, if not more. Not only that, wedding banquet prices alone have already increased by more than 50% between the years 2011 and 2017. If you are planning to exchange wedding vows soon, how long should you have to save in order to afford the banquet you’ve always wanted? How Long Couples Have to Save for Their Wedding According to our calculation, an average couple in Singapore could expect to save for about 1 to 3 years for their wedding if they were to fully pay for it on their own. For example, an average Singaporean earns S$3,500 per month after from CPF contribution. To save the S$14,000 to S$53,000 required for the wedding, then the couple would have to save 20% of their income for about 1 to 2 years. Given this, it ......
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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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