I thought I was rather frugal. I do not drive, live simply and had set myself a annual spending budget of 30k for 2017, which I thought was rather modest in expensive Singapore. I had aimed to keep basic monthly expenses to <$1000. That is $12k for the entire year for food and bills. The other 18k of the budget goes to indulgences like holidays and insurances. But after reading a few blog posts by other folks, I am impressed by how they have been even more disciplined in their annual spendings.

1. In the USA, Root of Good shared recently about how his family of 5 managed to live for under US$40,000 a year in 2016. He has 3 kids, taken several holidays and bought an extra car for his family. Both his wife and him are now retired from active work. He is 37 years old this year. ...

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