Category Archives for Expenses

Fixed Expenditure Update: 2017

Here’s an update to my fixed expenditure for 2017 with some changes to my expenses liabilities.

Mortgage: $828 $879 (CPF)

As I move to the 3rd year of my bank loan for my HDB flat, the monthly mortgage repayment amount has increased from $828 to $879. Still within my monthly CPF contribution with some surplus so I’m comfortable with that.

Parent Allowance: $600

My mother retired many years ago after her leg started giving her problems. On top of the monthly payouts from her CPF account, I have been giving her some allowance each month. $500 $600 isn’t very much but that said, she isn’t spending much as well. I try my best to manage most of the household expenses so that she doesn’t have to pay for any of them.

Insurance: $156.93 $154.48 (excluding Medisave premiums)

I did an evaluation of my personal insurance portfolio recently and surrendered my investment-linked policies, switching to several term insurance policies for a much more well-rounded insurance coverage.

Death/Total Permanent Disability

  • SAF Group Term insurance for $300,000 sum assured – $38.40 per month
  • NTUC Income i-Term insurance for $200,000 sum assured – $24.70 per month

Accidental Death

  • SAF Group Term Personal Accident insurance for $300,000 sum assured – $13.38 per month

Integrated Shield Plan

  • PRUshield extra A Plus – $273 per year (though paid once a year, let’s take it as $22.75 per month)

Critical Illnesses (CI)

  • SAF Group Term Living Care insurance for $300,000 sum assured – $30 per month

Early Stage of CI

  • SAF Group Term Living Care Plus insurance for $100,000 sum assured – $10 per month

Mortgage Insurance

  • Aviva Mortgage Insurance (came as a package with my bank loan) – $17.70 $15.25

 

Taxes: $123.36

Income: $116.96

Property: $6.40

Utilities: $77.66

On top of my usual mobile and Internet subscription, I also have a premium Spotify account (cheaper when contracted on SingTel Music) for music on the go. I’m grouping everything under utilities because I deem them as essential services. Some may argue that I can easily reduced my utilities through piracy but I believe paying for premium contents (just not as much as the crazy prices our cable subscription cartel is charging).

SingTel Fibre 100mbps Internet, SingTel Mobile and Spotify bundle: $76.66

Total: $957.95 $888.83 (Cash) and $879 (CPF)

Expense Report: July 2017

Summary

 

Food expenses was a little higher than expected this year. Shopping was the line item that really took the cake. I bought a couple of GoPro products for video recording and cycling equipment. Everything combined into a mountain of costs, meaning I’ll have to be a bit more thrifty in the next few months.

Total expenses for this month: $3,000.07 (including fixed expenses of $957.95

Details

Food: $494.13

Groceries: $4.80

Transportation: $60.25

Shopping: $1,435.74

Entertainment: $30

Personal Care: $17.20

Travel: $0

Expense Report: June 2017

Summary

 

June was probably one of my best months where food expenses were kept within budget and shopping was kept at a minimal. Entertainment was a little high at $144 due to a couple of drinking sessions with friends.

Total expenses for this month: $1,834.78 (including fixed expenses of $957.95

Details

Food: $353.83

Groceries: $10

Transportation: $30

Shopping: $339

Entertainment: $144

Personal Care: $0

Travel: $0