Here’s an update to my fixed expenditure for 2017 with some changes to my expenses liabilities.
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.
$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
Integrated Shield Plan
Critical Illnesses (CI)
Early Stage of CI
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
$888.83 (Cash) and $879 (CPF)