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 January, here’s what Mr Budget spent on.

ExpensesJanuaryMeals$318.56Transportation $65.00Entertainment$176.20Groceries / Home$121.82Shopping / Cloths$382.53Phone Bill$56.10Income Tax$103.05Hair Cut$34.00Digital Subs$30.56Malaysia Mortgage 1$877.73Malaysia Mortgage 2$366.51Singapore Mortgage$1,231.80Travel$1,819.94CPF Top Up$7,000.00Wedding Expenses$4,855.54

My total expenses for January ended up to be a whopping $17,439.34, consisting of a $2,699.75 fixed expenses and $14,739.59 of variable expenses.

The expenses increases significantly mostly due to the final payment of our wedding expenses ($4,855.54), our recent honeymoon to Japan ($1,819.94) as well as a CPF SA contribution (S$7,000).

Removing all of these one off expenses, the true expenses

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