Here is a snapshot of how my financial lifestyle looks like.
The idea is very simple. If I want to retire earlier than most Singaporeans, I need to increase my savings rate. The usual 10% saving rate just doesn’t cut it! Here’s how my Net Savings Rate looks like for 2015 on a monthly basis.
In order to save more, the easiest way is to reduce my expenses. By inserting frugal habits such as learning to cook, packing lunches to work, and commuting on my bicycle to my office, etc., I manage to reduce my monthly expenses to an optimal level.