July is the month where all hell broke loose in terms of budgeting because I spent 3 weeks of the month out of Singapore. 2 weeks was spent in Taiwan, backpacking from Kaohsiung to Taipei and 1 week was spent in Melbourne, Australia on a business trip. Before the month started, I wasn’t too worried…
June was a life-changing month for my financial lifestyle. On top of just tracking my expenses, I started to budgeting with a You Need A Budget (YNAB) trial account. Tracking my expenses is one thing, but budgeting is a whole new ball game and I will write about that in another post. Since we are…
Everyone’s situation is different. The data from World Bank shows that Singapore has a gross savings rate of 47%, one of the highest in the world. Gross savings are calculated as gross national income less total consumption, plus net transfers. Considering that the average working Singaporeans before the age of 50 contributes 37% of their monthly salary to their…
So you worked hard all year in your job and your manager is happy with your performance. Your reward at the end of the financial year as an employee, will be a monetary reward like a performance or year-end bonus. Congratulations! In the current economy, the extra dollars can be hard to come by and…
May came and went rather quickly for me as I focused on my work. The team I was in now reports to a new head so that means we’re back to the drawing board to align on goals and objectives for the year. Here’s some great news! Starting from this month, I’m receiving a pay…
Let’s do a quick recap. Last month was the 6th month of my expense tracking adventure and I created a 6-month Mickey Moving Average Expense Index (MMAE Index) that tracks my average expenses for the past 6 months. I also added arrows to each expense category to show if this month’s expense figure in that…