I plan to buy a studio apartment condominium by 35 years old. So here's my planning. 20% CPF I only have 68376. Not 100000. 5% Cash of 25000 I have 50400 from my Grandma treasure fund and 87000 from my own pay if I spend 12 per day at work or resting at home. So added up 87000 plus 50400 plus 68376 I have 205776. The cost of the condo is 500000. The cost of the down-payment plus the stamp duty is 125000 plus 15000 which is 140000. Every month payment is 60% of my income which is 1320. Which I'm left with 440 after getting passive income from my condo I have $2440. This is my plan for the next seven years. But my friend who is an agent told me the sum of 1320 can be deducted with my cpf so I will get 880 every month back. Plus 2000 is 2880. So I will get to spend $89 per day in all months of the year yearly. After paying off all my debts.
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