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 November, here’s what Mr Budget spent on.

Meals$266.74Transportation (mrt)$113.19Entertainment$374.81Groceries / Home$2,114.37Phone Bill$56.10Family$278.33Income Tax$103.05Hair Cut$34.00Digital Subs$30.56Malaysia Mortgage 1$851.74Malaysia Mortgage 2$127.50Singapore Mortgage$985.74Others$1,014.75

My total expenses this month is $6,350.88, consisting of a fixed expenses of $2,467.02 and variable expenses of $3,883.86.

The variable expenses is higher this month as we made our usual wedding downpayment for our banquet next year, and we foresee some recovery in that aspect next month when the ang Pao comes in.

Entertainment cost is higher as Mr Budget went overseas with