Ever wondered how much an average family in Singapore spends on a monthly basis? Just last month, the Department of Statistics Singapore released a report on the Household Expenditure Survey 2012/13. It was reported that Singapore resident households spent an average of $4,720 a month. When we look down deeper, the 41st to 60th Quintile of the population spent an average of $5066.80 (inclusive of housing cost). $5066.80 sounds quite excessive to me. It is no wonder many people remain as middle class instead of becoming rich. We have to understand and know that the rich don't spend their money like what we see on movies and television, buying Lamborghinis and snapping up luxurious suites along the beaches. They are more frugal than what we imagined them to be. Here's an important note: The rich are good at keeping their money, they spend base ......