American expat couple earn $29,000 per month but struggle to live the good life here
Business |
2 m read

American expat couple earn $29,000 per month but struggle to live the good life here

The Independent
|
The American couple earn a combined income of $29,000, but they had to make adjustments to their lifestyle. The Straits Times on 27 Mar reported on the lifestyle of expatriates, corporate pilot Cyril Letzelter and his wife Jennifer. The Letzelters' average monthly expenses are as follows: RENT: $4,400 GROCERIES: $2,400 PUBLIC TRANSPORT AND TAXIS: $800 EATING OUT: $500 EDUCATION: $1,000 FOREIGN DOMESTIC WORKER: $1,000 UTILITIES: $350 ENTERTAINMENT: $200 TOTAL: $10,650 (all in Singapore dollars) *Also spends $15,000 a year for travel back to the US Mr Letzelter, age 48, now earns about 20 percent more than what he would earn in the United States of America, but when he first joined his company in 2013 he was paid 40 percent more. His wife however is only able to find work as an engineer and on a local contract. The high cost of living in Singapore compelled Jennifer, age 35, to seek employment here as the family wants to meet the financial goals of saving for retirement and their children's college funds. Mr Letzelter said that his wife and him are "adventurous people and we were looking for a place to raise kids that could provide them with a unique culture," and they also like living in Singapore. But if the math does not work out, they will go back to the USA.  

Newsletter

Get updates straight to your inbox

Loading next article…