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 April, here’s what Mr Budget spent on.
ExpensesAprilMeals$393.69Transportation (mrt)$10.00Groceries / Home$194.99Phone Bill$56.10Mum$111.33Income Tax$103.05Malaysia Mortgage 1$800.00Singapore Mortgage$1,206.91Mr Budget’s total expenditure for April is at $2,876.07, a further reduction as compared to last month’s expenditure of $3,563.78.
Total essential expenses add up to only S$654.78 (meals, mrt, groceries, phone bill).
If you strip it down further, bulk of the payment goes into mortgage payments. There were no expenses recorded under “travel”, “entertainment”, “Haircut”, “shopping” or “Others” as Mrs Budget and I had been
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