Why a man who earned over $88k a month had total savings of only $13k

Why a man who earned over $88k a month had total savings of only $13k

The Straits Times - Sports·2025-11-23 09:00

A director of a bank drew a monthly salary of more than $88,000, but he had only about $13,000 in his savings accounts during his divorce because his high income would routinely be depleted just from paying for the expenses of his household of four.

His own monthly expenses would come to about $46,000 on average, while his former wife said she and their two children, aged 20 and 18, would need more than $30,000 every month. That meant that almost 90 per cent of his monthly salary would be spent on their expenses alone.

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