Comments, opinions and an occasional ramble
The price of growing up
It’s been more than a year since I’ve gotten married (you would know if you’ve been diligently looking at the counter to your right), and it’s more than half a year since I’ve got a place of my own and moved out. I’ve also graduated for a year now and have been working since I graduated.
Looking back at the past year, a lot has happened, and the transition from being a student to a working adult is certainly a big one. When I was a student, there are many things that I never had to concern myself with but now that I’m a married and working person, I realise there are many things to juggle by myself which my parents used to take care of.
A large number of things that hit you when you’re working and married concerns money. When living off parents, mortgage repayments, utility bills, conservancy charges, tv licenses and other expenditures are in the furthest recesses of the mind. Only when you move out to a place of your own you realise how much all these add up every month, and you wonder why you have to incur so much costs each month just for being alive.
And before you even start wondering about incurring these monthly expenditures, you are already hit with the 10% down payment for your home and a five-figure renovation bill (these days, given inflation and all, the cheapest renovation will set you back at least $10,000). For someone who just started working, you find yourself penniless, or worse, in debt because you have to take a home renovation loan.
It gets even worse if you took a tuition fee loan and computer loan during your university days. Now that you’ve started working, the financial institutions are all too eager to start you on your monthly repayment. The end result of all these is that you never seem to be able to accumulate much in your bank account. The pay comes in and then in a week, 50 percent or more is gone.
When I was young, I wanted to grow up so badly. Now that I see and feel the price of growing up, I wish I can be a permanently carefree teenager.
| Print article | This entry was posted by Aaron Ng on 11/08/2008 at 10:14 am, and is filed under Ramblings. Follow any responses to this post through RSS 2.0. You can leave a response or trackback from your own site. |


about 2 years ago
Welcome to the working world!
When you talk about paying off loans, it reminded me to write something that relate this (paying loans) to the recent survey about people not liking their job and graduates delaying marriage (and having children).
Maybe, I’ll blog about that in more detail tonight.
about 2 years ago
I hear you Aaron. Money aside, never before have I to make so so many decisions on my own…be it “how much $$ should I fork out for each instalment” to “how many times should I mop the house per week” and etc etc. But there is a price for NOT growing up also and you could write a blog on that
about 2 years ago
yes! i bitch about this everyday to my wife!
marriage and moving out is like running a business – there will be start-up costs.
but think of it as an investment (not just monetary, but emotional and for some, spiritual).
of course, more dimensions will appear when you’ve got kids.
cheers to your one year and the pursuit of a debt-free life.
about 2 years ago
Congrats on your anniversary.
That is another reason why I feel Singapore is wrong – about our education model. Why does the govt find it necessary to pay billions to build a dam, build up National Service, but does not believe in free education for its children – at least up to the lowest price denominator of say and Arts Faculty degree. Why the American model where you need to take loans and pay loans etc etc?
I feel that this is one reason why many youngsters spend too much, where Govt tells you it is ok to be in debt – to study, and the young ones build up their loans to an unhealthy level and goes off tangent.
As a guy – probably it is good to pay a pension for NS – (read a blog somewhere) so that these deserving young singaporeans can get a headstart in life! You needed it, for sure
about 2 years ago
aiyoh,like that, how to have babies for our beloved govt.?
about 2 years ago
yo aaron, i wonder if you have anything to say about the pm’s speech regarding the new plans to get citizens to get married and have kids.
about 1 year ago
?????????????
about 1 year ago
I keep listening to the news about getting various grant applications so I have been looking around for the best site to get one. Thank you for your help!