Author: Mr And Mrs Budget

We Care Less About CPF Life’s Rate Of Return, More As A “Forced Savings” For The Compound Interest

Recently Mr Budget received a comment from a reader (thank you! We love reading them!) commenting on the CPF scheme. Ronald shared his views that I should do a calculation on the CPF Life annuity scheme to see if it is a fair deal before committing so much into CPF, after all CPF contribution is a one way street – once you put in the money, you can only see it more than 25 years later. That prompted Mr Budget to do some digging.  Many in the financial space will be familiar with Kyith’s work from Investment Moats, and...

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More Intentional Living In 2020

Last night, I was having a chat with Mrs Budget before we go to bed. I told her that in 2020, we need to have more intentional living, otherwise, another year will pass and we will waste another year again. I think this is timely because we are still at the start of the year and it is probably a good time to set certain goals for the year, and even if we don’t achieve most of them, we will still achieve something. So for 2020, other than personal finance related goals, I told Mrs Budget that we should...

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Baby Steps For Our Retirement Planning – Regular Top Up Of Our CPF Special Account

One of the many stuffs that Mr and Mrs Budget set out to do this year is to top up our Special Account via the Retirement Sum Topping Up Scheme. With the receipts from the wedding angpaos recently, Mr Budget has used the receipts and went ahead to top up S$7,000 to his Special Account. The reason why I do it earlier in the year is to allow the compounding effect to start earlier this year in order to enjoy the interest rate by end of 2020. Of course, we also stand to claim a personal tax relief of...

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The Best Personal Finance Decision Mr Budget Made In 2019 – Expenses Tracking

Regular followers of Mr and Mrs Budget will know that we track our expenses monthly. We have been publishing our monthly expenses since the start of this publication and if you have missed it, here’s our expenses for October, November, and December. Many might find that tracking expenses is a tedious thing to do, especially you need to log down every single transaction that you spend on a daily basis. Mr Budget, like many many Singaporeans or Malaysians trying to sort out his life, tried to start tracking his finances long time ago, and always failed to keep to...

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December 2019 Monthly Expenses Update

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 December, here’s what Mr Budget spent on. ExpensesDecemberMeals$432.84Transportation $65.00Entertainment$71.80Groceries / Home$2,181.93Shopping / Cloths$946.50Phone Bill$56.10Family$1,000.00Income Tax$103.05Hair Cut$36.00Digital Subs$30.56Malaysia Mortgage 1$879.83Malaysia Mortgage 2 $141.89Singapore Mortgage$1,231.78Others$2,222.01 My total expenses for December is S$9,399.28, consisting of...

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Thailand Returned 300% More Than Singapore In Past 10 Years And That Intrigued us

While browsing around the web for news, Mr Budget came across these tables that I thought would be interesting to document it here. The first compares the 2019 global market returns, ranked best to worst, with its 2018 return as a comparison. The second is global total returns for the 2010s decade. Source Some interesting notes: Saudi Arabia returned double digit returns in 2018 and 2019.Both 2018 and 2019 saw a negative return for the Malaysia market.IT, Consumer, Healthcare and Real Estate is still the biggest growth sector in the US, and probably applies to other economies too.In the...

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We Spent A Net Total Of S$16,000 For Our Wedding, Or S$80 Per Wedding Guest.

Regular readers will know that Mrs Budget and I recently just got married! And we are glad that everything is finally over now! Of course, as with all money matters, we tracked our spending as much as possible to see if we have overspent and if there are things we can improve on. So here are all our wedding costs listed: Pre Wedding Items Cost Wedding Bands $2,964.50 ROM fees $42.00 Ping Jing $4,976.00 Betrothal Package (Guo Da Li) $78.00 Wedding Items Cost Friend Accomodation Cost $338.98 Bridal Package $3,788.00 Groom Suit $890.00 Bride Additional Gown $178.00 Bridal Make...

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Moving Out Of DBS Multiplier Account

Hi all! We are probably a bit late but Happy New Year to everyone! As mentioned in the last update 2 weeks ago, Mrs Budget and I have been busy with our wedding and now that it is over, we are back with our regular publishing schedule. A few key things in the financial space happened over the past 2 weeks, and we wanted to share our thoughts on them. Firstly, the change in the DBS Multiplier account. Many other financial bloggers have shared about the changes, but basically the most important changes are that your dividend no longer...

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Year End Note From Mr and Mrs Budget

The year is coming to a close soon and Mr and Mrs Budget will be busy attending to our year end catch ups as well as our upcoming wedding. As such, there won’t be any much articles and updates coming for the next 2 weeks.  As per our annual habit, we do our annual reconciliation and look back at how we did financially this year and then chart down some actionables for us in the new year. For Mr Budget, 2019 has been a great year in the personal finance side of things. Mr Budget’s net worth grew 87%...

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Penny Wise Pound Foolish

One of a mini scolding from Mrs Budget to Mr Budget recently knocked some senses into me.  While preparing for our wedding, Mr Budget overspent on the booking of the bridal car. And it is by a large margin. This was done as Mr Budget did not do much research and just wanted to get the line item over and done with. Another factor was also caused by the fact that not a lot of bridal car companies replied and that the cars he wanted to book was all unavailable on the day of the wedding. Hence when one...

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Upgrading To A Bigger Condo Doesn’t Make Much Financial Sense

Mr Budget came across a recent article which resonated a lot with him. Lizardo shared this in a recent article titled “angst of replacing home”: “A 17th floor condo at 1292 sq ft bought 12 years ago was $501,000, and is roughly worth $950,000 now. That sounds like so wow. BUT, to get an equivalent place, the price tag appears to be $1,300,000 for a 5-year resale condo on a mid-floor, with only ~1000 sq ft!  That’s a differential of +$350,000 for a smaller space.” One of Mr and Mrs Budget’s plan is that we will be upgrading our current...

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Our Portfolio Is Probably Lacking A Roboadvisor Component – Here’s Why

Earlier last week, after reading our post on the ideal minimum salary range and the thoughts on retirement, Syfe reached out to us to have a chat with us on our financials. We subsequently agree and met up earlier today.  If you didn’t know, Syfe is a roboadvisor which adopts a hybrid model – there is the automated monthly investment portion and it is complemented with a human financial advisor. From a methodology point of view, compared to the other roboadvisors in Singapore, Syfe believes that your investment should be more about managing its risk and if that is...

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The Cost Of Living In Malaysia Is Higher Than Singapore

One of the topic that Mr Budget holds dearly in his heart is the debate between Malaysia vs Singapore.  It is natural for Malaysian or Singaporean to compare between the two countries due to its proximity as well as its shared history. For Mr Budget, Malaysia is the hometown he grew up in, and Singapore is his current home now.  Having lived more than 10 years in each country, here are some feelings I have towards the two countries. Cost Of Living One of the things that some Singaporeans regularly complaint about, is the high cost of living in...

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What Is The Ideal Stock Amount To Buy For The Brokerage Fees To Make Sense

One of the questions that I asked myself last time was that, what is the ideal position size for me in order for the fees to make sense. I tried googling this and couldn’t find any answers.  This was a concern to me because there are sayings that the fees could kill you and even if you manage to identify a good stock, you will end up not making money after paying for the fees. So how much stock should I buy in order for the returns to not be diminished by the fees? So I thought it will...

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Getting To Know Mrs Budget

Ever since we started the website, it has always been Mr Budget who has been publishing the articles that you read. We thought it is a good time to introduce Mrs Budget a bit more, because we are doing this together.  A lot of times, Mrs Budget wants to write, but I guess Mr Budget is the one that is better in putting things down in words. So we thought it will be a good idea to do a quick Q&A with Mrs Budget instead, to get things rolling.  How did you meet Mr Budget We met each other...

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