Happy New Year everyone, a brand new start to the beginning. It’s the time to pen down my thoughts on what I hope to achieve for the coming year.

1) To save at least S$10k in 2017

I did not manage to save S$10k for last year due to the commitment of raising our children. We had put them in a childcare from 8am to 7pm as both of us need to work. The childcare fees in Singapore is not cheap, costing about $1,200 per month for one children. Lucky, my elder daughter had gone to primary school, if not it will cost us $2,400 per month. Our mortgage loan was taken care of by CPF. According to Fed, there will be an increase of interest rate for 2 to 3 times this year, this will certainly impact on our mortgage repayment loan. We also had an outstanding of car …