In my previous blog post show here I talk about keeping track of your monthly expenses. Why is it so important to keep track of your expenses? By keeping track of your expenses, you will know how much is your "fixed expenses" and also roughly know what is your spending habit and how much you spend yearly. Once you got the sums, if you got retrenched one day or you declare yourself financial independence, you will know how much you need in order to sustain your current lifestyles. Of course, if you are retrenched and do not have sustainable savings or passive income to tide over the period, you got to adjust your lifestyles accordingly. Beside keeping track of your expenses, it is still not enough. Why? Our age will keep on incrementing year after year. We need more money for medical expenses when we grow old. Our medical policy ......