Personal Finance
Build a budget with this simple salary allocation budgeting template
By Retire by 50  •  July 11, 2018
We’ve crossed the middle of the year again and if you’re as lucky as I am, you should have been informed of your salary increment for 2018. This year, I got a small increment of $195 in my monthly payroll so that’s an additional 195 one-dollar soldiers awaiting for deployment every month! I checked my salary allocation budget that I update every year and it looks like there’s no additional expenses incurred so far. That’s good news to me because all the 195 one-dollar soldiers will be deployed to investment wealth accumulation. What’s a salary allocation budget? A salary allocation budget is essentially just a budget plan. “A goal without a plan is just a wish.” ― Antoine de Saint-Exupéry To plan how every dollar of my salary is used each month, I designed a salary allocation budgeting template. I update my salary allocation budget each year to ensure every dollar is put to good use ......
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By Retire by 50
RetireBy50.me is a personal blog about my journey to retirement by the age of 50. At 31, I am a typical white-collar Singaporean who works regular hours in a job while looking for other opportunities to make more money during non-office hours. This blog will discuss the hits-and-misses encountered during my journey to free myself from the corporate rat race. Will I get there by 2033? Stay tuned.
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