Here’s an update to my fixed expenditure for 2017 with some changes to my expenses liabilities.

Mortgage: $828 $879 (CPF)

As I move to the 3rd year of my bank loan for my HDB flat, the monthly mortgage repayment amount has increased from $828 to $879. Still within my monthly CPF contribution with some surplus so I’m comfortable with that.

Parent Allowance: $600

My mother retired many years ago after her leg started giving her problems. On top of the monthly payouts from her CPF account, I have been giving her some allowance each month. $500 $600 isn’t very much but that said, she isn’t spending much as well. I try my best to manage most of the household expenses so that she doesn’t have to pay for any of them.

Insurance: $156.93 $154.48 (excluding Medisave premiums)

I did an evaluation of my personal insurance portfolio recently and surrendered my investment-linked policies, switching to several term …