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26-year-old earning $4K/month asks if she should be earning more since she has local university degree

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A 26-year-old woman took to social media asking what the average salary for those her age is.

In an anonymous post to popular confessions page SGWhispers, the woman wrote: “What is an average salary for 26 year olds?”

She added that she was curious and wanted to find out for her own sanity’s sake. Some of her peers who held similar desk jobs in operations or technology were getting “5k+ and even one of them earning $8k a month while I’m still earning $4k”, she wrote, adding that none of them is in sales.

She also added that she held a degree from a local university while they did not.

“I hope I don’t sound too salty – I’m really happy for my friends but I want to know if where I’m at is the norm for people. (we’re all girls btw so no army difference)”, she wrote.

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Netizens who commented on her post wrote that she should not be comparing her salary with her peers and should instead think of financial freedom and possibly early retirement. Here’s what they said:

In September, a 30-year-old man who said he felt he was “earning too little” despite getting a $17,000 monthly salary took to social media asking netizens for their opinions.

In an anonymous post to popular confessions page SGWhispers, the man wrote: “Hi, I’m sometimes a bit lost for direction and need a bit of help and opinion”. He added that he was a 30-year-old male who had been working for a few years. He was earning about $17,000 a month.

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In his post, the man wrote that he felt he should ask for a raise of 25 per cent more, “and work isn’t easy as well to begin with”. He also added that he struggled to spend within $5,000 a month. 

“Alot of times I genuinely feel that I’m struggling and not being able to save and invest enough. Trying to target a savings rate of 50% proves to be quite difficult and I feel that I’m order to retire earlier, I’m trying to save and invest at least 10 k. And even so I feel that it’s not far enough”, the man wrote.

30-year-old man earning $17K/month struggles to spend less than $5K monthly; wants salary raise of 25% more

Additionally, another 38-year-old woman took to social media asking for financial advice as she is “unable to save up anything” because of her monthly expenditure and credit card bills.

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In an anonymous post to popular confessions page SGWhispers, the woman said her 40-year-old husband was also earning money.

“I take home around $4500 , whilst my husband around $5800, both after cpf deductions. Staying in a 5 room hdb resale flat. We have 2 kids, one 3 years old and one 10 months old. My husband takes care of the childcare fees, enrichment classes, utilities bills and kids insurance”, she wrote.

She added that every month, she spent $2,400 of her salary on stocks and savings, money she gave her parents, insurance, and internet and phone bills.

However, she added: “My credit card bills racks (sic) up to between $1500-$2000 or over per month, making me unable to save up anything or even eat into my savings. The bills include transport fees, eating out, groceries, buying toys, clothes for the whole family”.

The woman noted that she and her husband did not have a joint account and kept their finances separate. She wrote that while she had $100,000 in assets and savings, only $15,000 was available as immediate emergency funds.

Out of her $4,500 salary, woman with 2 kids spends $2,400 and then racks up credit card bills of $2K, claims she is “unable to save up anything”

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