Channel News Asia profile this family in their Outlier program. This family is really a good case study on a lot of levels
Its about this family with 5 children, not very common in Singapore’s family nucleus nowadays:
- One sole bread winner earning 8-9k
- Saves 20% of his income which is around 1.6k
- Doesn’t own a car
- Preaches savings for the kids, with parents matching the children if they decide to save their pocket money
The fact that the common thinking is that if you are married, with the congested public transport, you have to have a car and that many folks earning 3-4k will channel any extra cash they have to a car makes me think their thought process is also independent.
If you are earning so much, and have always been surrounded by a big family you would give in to the temptation of saving that hassle and just get a car.
Really like the part of them inculcating the right thoughts on money to their kids.
My friend tells me this looks like a government propaganda clip. Do you guys feel that way?
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Ultimus
Saturday 24th of August 2013
Hi , just to share , with Singapore's size and network of public transport, I find it is not necessary to own a car in Singapore. To further illustrate my point, if I add together the rare occasion that I will need to take a cab, it still does not add up to more then the amount I will need to pay for parking and insurance for a simple Japanese car.
Kyith
Sunday 25th of August 2013
Hi Ultimus, thanks for sharing. Just to check are you in the group of young, married, have kids of the population? that is usually the group that indicates the need for a car
mengmeng
Thursday 22nd of August 2013
I am in a similar situation. I have three children, earn around the same income, and am the only breadwinner. I don't own a car either, even though it is quite tempting to want to do so. It is a lifestyle choice. Don't take public transport at the peak hours if possible, plan for my journeys ahead, and have my children study in the nearby schools. It is doable.
Kyith
Thursday 22nd of August 2013
hi meng meng ! thanks for sharing. i cannot begin to imagine how difficult that is