Credit: smithink.com In my last post of 2016, I reflected about my journey for last year. This first blog post of 2017 is about my financial plans for the next 12 months. Each year, I have a plan for my expenses. But it is more relevant to me this year as I have no active income at all and have to watch my spendings more carefully. For 2017, I have an annual budget of 30k. The plan is to have 12k for living expenses, 10k for holidays aka experiences, 3.5k for insurances, 4.5k for any other spendings. I prefer to earn my money first before I spend, and the 30k budget comes from the passive income I had earned in 2016. This cash is already in my bank accounts. All the passive income generated this year will be saved and used for next year. If I ......