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HDB flat price:

Downpayment(10% of flat price which can be paid by CPF):


number of years of loan:
loan amount:
HDB loan interest rate:
monthly housing loan installment:
interest paid
gross monthly income:

1) downpayment of 10%
5% when apply for BTO :
5% when move in:
2)currently,number of loan years is limited to 25 years
3)HDB loan interest rate is 0.1%+CPF OA rate
4)max 30% of gross monthly income for home loan repayment
(this is mortgage servicing ratio)
**both spouse's gross monthly income can be combined
**All in SGD

$
$
$
$
$
$

$
$

268,000.00
26,800.00
20 years
240 months
241,200.00
2.60% p.a
0.22% p.m
1,289.91 per month(using PV of annuity due formula)
(68,378.11)
6,000.00

13,400.00
13,400.00

2.60%

30.00% cap
1,800.00 per month for loan repayment

n(months)
0
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
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38
39
40
41
42

43
44
45
46
47
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81
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83
84
85
86
87

88
89
90
91
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93
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100
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102
103
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105
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108
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112
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120
121
122
123
124
125
126
127
128
129
130
131
132

133
134
135
136
137
138
139
140
141
142
143
144
145
146
147
148
149
150
151
152
153
154
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156
157
158
159
160
161
162
163
164
165
166
167
168
169
170
171
172
173
174
175
176
177

178
179
180
181
182
183
184
185
186
187
188
189
190
191
192
193
194
195
196
197
198
199
200
201
202
203
204
205
206
207
208
209
210
211
212
213
214
215
216
217
218
219
220
221
222

223
224
225
226
227
228
229
230
231
232
233
234
235
236
237
238
239
240

amount remaining
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

#DIV/0!
239,910.09
238,620.18
237,330.27
236,040.36
234,750.46
233,460.55
232,170.64
230,880.73
229,590.82
228,300.91
227,011.00
225,721.09
224,431.19
223,141.28
221,851.37
220,561.46
219,271.55
217,981.64
216,691.73
215,401.82
214,111.92
212,822.01
211,532.10
210,242.19
208,952.28
207,662.37
206,372.46
205,082.55
203,792.65
202,502.74
201,212.83
199,922.92
198,633.01
197,343.10
196,053.19
194,763.28
193,473.38
192,183.47
190,893.56
189,603.65
188,313.74
187,023.83

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

185,733.92
184,444.01
183,154.10
181,864.20
180,574.29
179,284.38
177,994.47
176,704.56
175,414.65
174,124.74
172,834.83
171,544.93
170,255.02
168,965.11
167,675.20
166,385.29
165,095.38
163,805.47
162,515.56
161,225.66
159,935.75
158,645.84
157,355.93
156,066.02
154,776.11
153,486.20
152,196.29
150,906.39
149,616.48
148,326.57
147,036.66
145,746.75
144,456.84
143,166.93
141,877.02
140,587.12
139,297.21
138,007.30
136,717.39
135,427.48
134,137.57
132,847.66
131,557.75
130,267.84
128,977.94

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

127,688.03
126,398.12
125,108.21
123,818.30
122,528.39
121,238.48
119,948.57
118,658.67
117,368.76
116,078.85
114,788.94
113,499.03
112,209.12
110,919.21
109,629.30
108,339.40
107,049.49
105,759.58
104,469.67
103,179.76
101,889.85
100,599.94
99,310.03
98,020.13
96,730.22
95,440.31
94,150.40
92,860.49
91,570.58
90,280.67
88,990.76
87,700.86
86,410.95
85,121.04
83,831.13
82,541.22
81,251.31
79,961.40
78,671.49
77,381.58
76,091.68
74,801.77
73,511.86
72,221.95
70,932.04

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

69,642.13
68,352.22
67,062.31
65,772.41
64,482.50
63,192.59
61,902.68
60,612.77
59,322.86
58,032.95
56,743.04
55,453.14
54,163.23
52,873.32
51,583.41
50,293.50
49,003.59
47,713.68
46,423.77
45,133.87
43,843.96
42,554.05
41,264.14
39,974.23
38,684.32
37,394.41
36,104.50
34,814.59
33,524.69
32,234.78
30,944.87
29,654.96
28,365.05
27,075.14
25,785.23
24,495.32
23,205.42
21,915.51
20,625.60
19,335.69
18,045.78
16,755.87
15,465.96
14,176.05
12,886.15

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

11,596.24
10,306.33
9,016.42
7,726.51
6,436.60
5,146.69
3,856.78
2,566.88
1,276.97
(12.94)
(1,302.85)
(2,592.76)
(3,882.67)
(5,172.58)
(6,462.49)
(7,752.39)
(9,042.30)
(10,332.21)
(11,622.12)
(12,912.03)
(14,201.94)
(15,491.85)
(16,781.76)
(18,071.67)
(19,361.57)
(20,651.48)
(21,941.39)
(23,231.30)
(24,521.21)
(25,811.12)
(27,101.03)
(28,390.94)
(29,680.84)
(30,970.75)
(32,260.66)
(33,550.57)
(34,840.48)
(36,130.39)
(37,420.30)
(38,710.21)
(40,000.11)
(41,290.02)
(42,579.93)
(43,869.84)
(45,159.75)

$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$
$

(46,449.66)
(47,739.57)
(49,029.48)
(50,319.38)
(51,609.29)
(52,899.20)
(54,189.11)
(55,479.02)
(56,768.93)
(58,058.84)
(59,348.75)
(60,638.65)
(61,928.56)
(63,218.47)
(64,508.38)
(65,798.29)
(67,088.20)
(68,378.11)

Wedding ceremony
wedding package:
wedding band+ring:

$
$

4,000.00
4,000.00

wedding solemnization
(rental of gown, photographer and
videographer, bridesmaid dresses rentals
and so on):
wedding banquet:
honeymoon:

$ 5,000.00
$ 20,000.00 20 tables for $1000 each
$ 3,000.00

total cost for wedding:


angbao money frm well-wishers:
net wedding cost:

$ 36,000.00
$ 16,000.00
$ 20,000.00

Housing
10% downpayment
renovation&misc fees
furnitures and household stuffs

$ 26,800.00
$ 10,000.00
$ 10,000.00

total initial housing cost:

$ 46,800.00

housing+wedding cost(w/o angbao):

$ 82,800.00

$1000 each

how to much to save for tuition fee before and during?


modes of study
1) masters(with the intention to upgrade to PhD halfway)
2) PhD without funding initially,get scholarship after first year
Option 1: if work as engineer until july 2015
2014
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
overall
cumulative
cumulative after deducting tuition fee

1470
1470
1470
4600
9010
9010
9010

Option 2: if work as engineer until july 2016


2014
Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
overall
cumulative

1470
1470
1470
4600
9010
9010

Option 3: do part-time master in 2016


2014

Jan
Feb
Mar
Apr
May
Jun
Jul
Aug
Sep
Oct
Nov
Dec
overall
cumulative

2015
1470
1470
1470
4460
1470
1470
1470
206.25
206.25
206.25
206.25
206.25
14311.25
23321.25
16059.75

2015
1470
1470
1470
1470
1470
1470
1470
1470
1470
1470
1470
4600
20770
29780

2015

2016
206.25
206.25
206.25
206.25
206.25

2017
2786.25
2786.25
2786.25
2786.25
2786.25
1586.25
1586.25
2786.25
2786.25
2786.25
2786.25
2786.25
31035
41895.75
34634.25

2018
2786.25
2786.25
2786.25
2786.25
2786.25
1586.25
1586.25
2786.25
2786.25
2786.25
2786.25
2786.25
31035
65669.25
58407.75

13931.25
72339
68708.25

2016
2017
1470
206.25
1470
206.25
1470
206.25
1470
206.25
1470
206.25
1470
1470
206.25
206.25
206.25
206.25
206.25
206.25
206.25
206.25
206.25
206.25
11321.25
2062.5
33101.25 27163.75

2018
2786.25
2786.25
2786.25
2786.25
2786.25
1586.25
1586.25
2786.25
2786.25
2786.25
2786.25
2786.25
31035
50198.75

2019
2786.25
2786.25
2786.25
2786.25
2786.25
1586.25
1586.25
2786.25
2786.25
2786.25
2786.25
2786.25
31035
73233.75

13931.25
79165

2018

2019

2020

206.25
206.25
206.25
206.25
206.25
2062.5
18122.25
10860.75

2016

2017

2019
2786.25
2786.25
2786.25
2786.25
2786.25

2020
2786.25
2786.25
2786.25
2786.25
2786.25

1470
1470
1470
1470
1470
1470
1470
1470
1470
1470
1470
1470
17640
17640

1470
1470
1470
1470
1470
1470
1470
1470
1470
1470
1470
1470
17640
35280

1470
1470
1470
1470
1470
1470
1470
1470
1470
1470
1470
1470
17640
52920

1470
1470
1470
1470
1470
1470
1470
1470
1470
1470
1470
1470
17640
70560

1470
1470
1470
1470
1470
1470
1470
1470
1470
1470
1470
1470
17640
88200

1470
1470
1470
1470
1470
1470
1470
1470
1470
1470
1470
1470
17640
105840

On monthly basis
AS ENGINEER
gross salary
after CPF
after exp
after tithing
amt to save
annual tuition fee(2015/2016)
7261.5
annual tuition fee(2015/2016)
8000

as masters student
teaching income
hostel
expenses
tithing
savings left
as PhD student
teaching income
stipend
hostel
expenses
tithing
savings left

2875
2300
600
230
1470

1200
393.75
480
120
206.25

1200
3000
393.75
600
420
2786.25

2021

2021

NUS master of science:

1st yr
2nd yr

0.5113043478

$ 4,500.00 per annum

Goal and objectives


Master(Year 1)

Master(Year 1.5)

overall
Pioneer post-grad LG
Write and publish two article as first author
obtain overall GPA of 4.0 and more
apply for upgrade to PhD

develop experimental technique essential in catalysis


Enhance computational skill essential in catalysis

overall

specific
5+ people

write a research proposal


apply for scholarship
go for PhD qualifying exam
FTIR,make catalyst,calcination
non-linear regression analysis(curve fitting)
find a way to get initial values

specific

price of car:
OMV:
Loan amount
Downpayment
Loan interest rate
Repayment time
monthly installment

$
$
$
$

41,800.00
14,762.00
25,080.00
16,720.00
2.88% pa
5 years
$
449.32 per month

0.24% pm
60 month

**remember to account for COE and car insurance in calculations and planning

On monthly basis
AS ENGINEER
gross salary
after CPF
after exp
after tithing
after saving for tuition fees
after paying off car installment
after paying off road tax(6 months payment)
after paying off car insurance

$ 2,900.00
$ 2,320.00
$
600.00
$
232.00
$
605.13
$
449.32
$
61.91
$ 1,000.00

**financial planning in retirement,healthcare and housing

car capacity

1600 cc