Personal Finance
Increasing income vs cutting expenses
By Finance Smiths  •  June 9, 2016
The previous post on our average monthly income & expenses in Singapore is useful in providing a context for this discussion on increasing income vs cutting expenses. It was a big step to reveal those figures but should be a good reference point as we update them going forward for changes in our lives. It's always interesting to see how our income and expenses will evolve over time. Now that you have a better picture of our monthly personal finance position, it's time for me to write about a topic that has been on my mind since we started tracking our net worth in Jan 2016. Should we focus on increasing income and/or cutting expenses? Increasing income This is going to come as a shock to some people but our undergraduate degree in accounting and our occupations as accountants continue to be two of the best decisions we have made in our lives. It ......
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By Finance Smiths
Late 30’s couple with 2 small kids living in Singapore writing about our financial progress as a family.
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