Sorry guys! It’s been a long long time since I last wrote anything. I really missed writing, and time just passes by so quickly unknowingly!
I’m sure many of us would have come across this video clip from the channel 8 show 118, where a young man rants about his difficult life situation caused by our current society.
Here’s the English translation:
“I’m not the only one who is desperate to make money. Do go around asking other young people. Who’s not worried? After graduation and after serving the army, I’ll be 23-24 years old. In a blink of an eye, I’ll be 30. Within these few short years, I need to settle down, get married, have a place of my own, and start a family. How are these even possible without having money? A HDB unit easily cost over 300 – 400k. Let’s talk about the daily necessary expenses. If you work in the CBD area, you need to take the train on a daily basis. If you happen to be late or be in a hurry, you’ll need to spend money on cabs. Transportation can costs up to $6-$7 a day! As for lunch, the cheapest meal you can find still cost you $5-$6 a day. A cup of coffee at a coffee joint set you back by about $6-$7! And in order to response to the government’s encouragement on setting up a family early, I need to find a girlfriend. To find a girlfriend, I’ll have to bring her out on dates, dinner, movies, overseas trips once in a while, and to throw in a designer bag or two! Even if I look like a celebrity, no girls will want me if I don’t spend on her. And how about those who have plans to upgrade themselves or to further their studies? They need to take up study loans, and to give family allowances at the same time. When it’s time to settle down, a wedding banquet easily cost over $1,000 per table, while wedding photography package cost $3,000 to $4,000! All these cost money! My generation doesn’t ask for a luxurious lifestyle. We just want to maintain the basic standard of living. To do so, we have to earn more to sustain ourselves. I’m sure you wouldn’t want your son to come to you asking for money to pay for his wedding, or money to pay for his own flats. Yes, I do agree my methods in earning money is too extreme and I’m in the wrong. But the fault doesn’t lie with me, it lies in this society!”
So what’s going on with the younger generation these days, you may wonder. Or do you find yourself agreeing with what the actor had expressed in the show? Looking at various websites such as “The Real Singapore”, it seems that many young people do find life to be quite difficult in Singapore.
Personal thoughts. Being a young Singaporean myself (okay, maybe not THAT young anymore), I do find that cost of living did went up quite substantially over the last decade, especially in terms of housing and owning a car. But what do you expect? Inflation happens globally, not just in Singapore, and government has to maintain control over the number of vehicles on the road, and Singapore only has so much land area. I also feel that it is how you choose to live your life that’s the deciding factor whether things are affordable, or not.
I’ve been working in the CBD and town area my entire working life (almost 10years now), and I realised lunch can be very cheap, or very expensive. Again, depending on your lifestyles. During my younger days, I can spend more than $20 on lunch almost everyday. But hey, you may not be aware, but there are still $3.00 chicken rice or soup noodle in town! As for drinks, what I’m doing now is to refrain from ordering drinks from the coffee shop and just head back to the office for some H2O or coffee or tea from the office pantry. It’s free, and it’s healthier too!! As for transport, I spend less than $100 a month on public transport, and trust me, I stay more than an hour away from my workplace.
As for settling down, getting married and buying a place of your own, such life events isn’t unique only to Singaporean youth. If you watch what you spend and consistently save up over the years, you CAN afford to get married and have your own place. And don’t forget, you’re not bearing these costs alone, you have your significant other facing what lies ahead with you.
Forget that girl that needs you to wine and dine her, bring her for overseas trips, and for you to buy her designer stuffs. MOST Singaporean girls are not like that. At least not me and the circle of girls I hang out with. Only a gold digger would want you to constantly spend on her, and I’m sure if you’re a guy, you wouldn’t want to have someone like that as your wife. Someone who would just take, and not give, who wants to enjoy life and expect you to do all the hard work. (I have so much to write about girls like that, but let’s save a full post on that, for another day).
My husband and I did worry about the costs of getting married and getting our own place when we were younger, and so did our circle of friends. Turn out, life really isn’t that difficult afterall. After working for almost 10years, our HDB flats sort of took care of itself thanks to our CPF accounts. We only need a loan of about 200k, out of 460k, and repayment can be easily be made with our monthly CPF contributions.
As for weddings, having a wedding banquet at a 5 star hotel IS NOT THE NORM, although I do hear of couples making money from their wedding if they hold it at nicer venues. Spend within your means. A wedding can be simple and feels cozy without getting yourself into debt over it. If you or your significant half really want an extravagant wedding, there is nothing wrong with that if you can afford it. The key lies with proper planning and budgeting, and spending within your means.
And advice from a 30 year old just married woman to the 20 something out there, RELAX. Life isn’t hard if you work hard, make a decent living, plan and save for what’s important (no, not that bag). Learn to filter out what’s important and what’s not, and make decisions based on your life values. You’ll soon realised there are just too many areas where you no longer need to waste your hard earn money on.