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Tcc Young Sg Family
Photo credit: TCC Credit Co-operative

Article contributed by Annalicia Maria Brazas, TCC Credit Co-operative


Singapore has been named the most expensive city in the world by the Economist Intelligence Unit's Worldwide Cost of Living Survey again this year and cost of living is 16% higher than New York.

As a young Singaporean living in Singapore, there are many challenges that we may encounter during different stages of life - Education, Savings, Marriage and Housing.


Education

Getting a degree in Singapore is an expensive matter whether you are studying at a Private or Public University. The average cost of a degree ranges between S$30,000 and S$85,000.


Savings

There are so many things that we want such as leisure trips, attending concerts or getting that designer bag. Such desires made it hard for us, young Singaporeans to save even after we have joined the workforce.


Marriage

A typical wedding dinner could cost S$24,000 and above which is almost equivalent to an average young Singaporean's annual salary. This is not inclusive of other costs such as venue rental, gowns and makeover, videography and photography services, and so forth.


New Home

With marriage comes the house needs. Renovation costs are rising and a basic renovation would cost an average of S$30,000 or more.

 

Tcc Logo JpgThis is where TCC Credit Co-operative might be of assistance.


By being the only credit co-operative that members of the public can join, you will have a savings account where you can contribute S$10 per month - a manageable amount that would help in kick-starting your savings.

TCC also offer loans at competitive interest rates such as Education loan, Marriage loan and Renovation loan that would help you through the different stages of your life. Why not contact our friendly officers today for more information? Visit our website at www.tcc.org.sg or call +65 6319 3700 now!

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