At the end of every month, Mrs Budget and I will reconcile our monthly expenses and see what are we spending on, and where we can optimise or cut down our expenses.
We subscribe to the believe that every penny saved is a penny earned – sometimes its easier to save S$100, than to earn S$100, both of which results in the same net worth increase.
In October, here’s what Mr Budget spent on.
Meals $556.04 Transportation $85.00 Entertainment $198.00 Groceries / Home $778.8Shopping / Cloths $61.00 Phone Bill $56.10 Insurance $1,635.16 Income Tax $103.05 Hair Cut $34.00 Digital Subs $30.56 Malaysia Mortgage 1 $880.13 Malaysia Mortgage 2 $123.38 Singapore Mortgage $985.74 Travel $141.00 Others $5,319.00
My total expenses this month is at S$10916.52, a high side from my normal benchmark. This consist of S$3848.13 of fixed expenses and $7,068.39 of variable expenses.
The variable expenses is slightly high because
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