Spending $1000 a month - preapring for the worse

[lifeafter41]

most ppl have only 500 in the accts

Then most people will be in deep shit.

 

[lifeafter41]

We, as a family are spending only $1000 a month preparing for the worse.

In bank today = $150,000

12 months = $12,000
Property Tax Evevery year = $2,600.
PUB Bill One Month = $200 x 12 = $2400
Other miscellaneous expense (for Gevernment)= $300 x 12 = $3,600

Total yearly expense = $12,000+$2,600+$2,400+$3,600 = $20,600.

With $150,000/ $20,600 = Approx. 7 years.......

I believe this be sufficient time until the economic crisis turn around....otherwise.............bankruptcy.....

What is evryone else doing???? ........ to go throught the upcoming hard times........maybe they might be better tricks some other people can use?

Share your plans?

Why is the property tax so high at 2,600?. That's a lot of tax to pay for.

 

[singveld]

you are well prepared

only that if the inflation raise to 231 000 000 %

your money in your bank will be worthless.

like zimbabwe.

 

[cheongsimon]

We, as a family are spending only $1000 a month preparing for the worse.

Property Tax Evevery year = $2,600.


I believe this be sufficient time until the economic crisis turn around....otherwise.............bankruptcy.....

You retard! You pay $2600 in property taxes means you stay in a SUPER HIGH-END CONDO or BUNGALOW.

And you spend only $1000 per mth? you must be retarded to do that.

Sell your house and downgrade to HDB. Don't let your family suffer just because you want to stay luxury house.

 

[jesus]

We, as a family are spending only $1000 a month preparing for the worse.

In bank today = $150,000

12 months = $12,000
Property Tax Evevery year = $2,600.
PUB Bill One Month = $200 x 12 = $2400
Other miscellaneous expense (for Gevernment)= $300 x 12 = $3,600

Total yearly expense = $12,000+$2,600+$2,400+$3,600 = $20,600.

With $150,000/ $20,600 = Approx. 7 years.......

I believe this be sufficient time until the economic crisis turn around....otherwise.............bankruptcy.....

What is evryone else doing???? ........ to go throught the upcoming hard times........maybe they might be better tricks some other people can use?

Share your plans?

Property tax of 2.6k means you are at least living in a private condo.