August was an amazing month as I’m done with all the travelling and am back in Singapore. Net Savings rate for the month is at an all-time high of 82.88% as I earned some additional income through my side hustles and most of them are contributed to my SRS account. Transportation: $39.07 Commuting charges on the…
We have crossed the first half of 2015 and I felt that it’s worth looking back at how my life has changed after starting this blog. I started tracking my expenses in October 2014, just a few months after starting my new job. Expense tracking was tedious but I got used to doing it. I…
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…