Author: Retire by 50

How I saved money on my Hulu and VPN subscriptions in 2017

This is an update on how I saved money on my Hulu subscriptions this year. Its slightly different from the Hulu savings tip I posted in a few years ago and in this post, I will also cover on VPN subscriptions as well. In 2014, I blogged about how I saved money by purchasing disconted Hulu gift cards on eBay to pay for my Hulu subscription. That’s one way to get around paying for monthly Hulu subscriptions because I don’t have a US credit card. That ship has already sailed and if you do a search on eBay, the Hulu gift...

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Save money by tracking your subscriptions with TrackMySubs

In the last 2 years, businesses have been transitioning their products and services from a ‘pay once and use forever’ business model into a subscription-based business model. For me, I’m using subscription-based services for almost everything in my daily life. Here’s a some of the subscriptions I’m paying on each month: Microsoft Office 365 Netflix Hulu Spotify Premium SingTel fibre and mobile Personal insurance Mortgage loan All of them are paid automatically with my credit card, which is great because I don’t want to spend time making regular payments all the time. The downside of this is that I tend...

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Fixed Expenditure Update: 2017

Here’s an update to my fixed expenditure for 2017 with some changes to my expenses liabilities. Mortgage: $828 $879 (CPF) As I move to the 3rd year of my bank loan for my HDB flat, the monthly mortgage repayment amount has increased from $828 to $879. Still within my monthly CPF contribution with some surplus so I’m comfortable with that. Parent Allowance: $600 My mother retired many years ago after her leg started giving her problems. On top of the monthly payouts from her CPF account, I have been giving her some allowance each month. $500 $600 isn’t very much but that...

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Expense Report: January 2017

I’m starting afresh to diligently report my expenses after taking a break for a year. I wish I have the perseverance of Mr 15HWW to keep doing this year on year but I’m going to try my best! Transportation: $145 Commuting charges on the B.M.W (bus, MRT, walk) went much higher this year due to the Chinese New Year as we took cab rides when visiting our relatives. Food: $378.70 Food expenses wasn’t as high as I thought considering the number of public holidays this month. I’m still not bringing lunches to work as my current workplace has affordable eating...

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Automating the investing process with OCBC BCIP and POSB Invest-Saver

Do you believe in dollar cost averaging or lump sum investment? Over the past few years, I’m a firm believer on the former. But do I practice what I preach? That’s a whole different story. The ammunition is there but no bullets were fired While I’m consistently socking money away in my investment war chest, I found that I’ve not made a single transaction in my online brokerage account at all this year. *The horror!* It’s not that I don’t have money to invest in my portfolio but the reality is that I’m still a novice when it comes...

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Simple steps to start managing your salary better

I started my journey 2 years ago with a simple goal of improving my financial lifestyle and the aim of retiring by the age of 50. I can’t say the journey was easy as I had to make many lifestyle changes and be wiser about how I spend my money. In some cases, it can be as simple as choosing to leave home 15 minutes earlier to take the train instead of hopping on a taxi in a mad rush to work. Others, it’s a matter of convincing my friends to have dinner in a food court before a movie...

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My interview with the creators of Seedly, your personal finance assistant

Last week I wrote about a new personal finance app called Seedly that I’ve started using to track my expenses. It’s one of a kind in Singapore in the sense that it is able to extract transaction information from your bank accounts in the 5 major banks in Singapore and allocate them into expense and income categories. The process is a bit tedious as I need to manually log in to my bank account using Seedly each time I do a download, it’s a small price to pay considering I no longer have to manually enter my expenses each...

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Automate your expense tracking with Seedly

I would like to consider myself a Millennial. An old one. I love automation and I want to automate most of my everyday tasks as much as possible. That includes expense tracking. My current process involves manually logging my spendings as they happen. Then, I update my Google Spreadsheet with my total expenses at the end of the month. As I browse the MrMoneyMustache forum, I see how fellow MMMs in America use SaaS online services such as Mint and Personal Capital to track their expenses. It’s the perfect solution because they can connect to their bank accounts and extract...

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Donald Trump is now the President of the United States! So what?

Unless you’ve been hiding in North Korea, you’ve probably know a little about the US presidential election that Donald Trump has been campaigning for a long time now. Most of the information probably revolves around the crap he spews every time they put a mike in front of him. What some of my friends consider to be the worst case scenario has happened today. Donald Trump has won the presidential race and is now the President of the United States. Without a doubt, everyone is going to be talking about the election results today. As the results surfaced in...

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I saved money by NOT recontracting my mobile plan

Singaporeans typically recontract their mobile phone plans every 1.5-2 years for a new mobile phone. It’s the norm because mobile phones either don’t last that long, or the user experience gets really bad after a few Android/iOS updates. Not a great way to save money if you asked me. The last time I signed a contract with my local telco was at least 6 years ago when they were still offering 12 GB data plans on 3G network. Since then, I have always bought mobile phones at full price (or slightly discounted rates through friends) to replace damaged ones directly...

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Expense Report: November 2015

November is one of those months when I decided to reward myself with a couple of cool toys for working hard in 2015. A delayed gratification for not splurging for the past 10 months. Net Savings rate fell to 21.5% this month. Transportation: $72.94  Commuting charges on the B.M.W (bus, MRT, walk) remained high as we enter the wetter part of the year where it rains almost every day. Food: $355.66  Food expenses stayed high this month as I wasn’t cooking as much as I used to. I also ate out more frequently during work lunches. Groceries: $28.02  Grocery expenses was still reasonably low...

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Expense Report: October 2015

October is a face-punch month for me with lots of additional expenses compared to previous months. The haze issue that’s plaguing Singapore resulted in a huge reduction in bike commutes to work and I also spent more money dining in restaurants. Fortunately, I didn’t go too overboard with the spendings and Net Savings rate stayed at 80% this month. Transportation: $66.20  Commuting charges on the B.M.W (bus, MRT, walk) remained high, similar to September as I haven’t cycled much this month because to the haze. Fortunately, I didn’t take any taxi rides this month. Food: $307.31  Food expenses remain high this month...

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A different perspective on the Supplementary Retirement Scheme

The Supplementary Retirement Scheme (SRS) was started in 2011 and is part of the Singapore government’s multi-pronged strategy to address the financial needs of a greying population by helping Singaporeans to save more for their old age. It is operated by the private sector (mainly local banks). Participating in SRS is voluntary and you can contribute any amount to your SRS account, subject to a cap ($12,750 in 2015 and $15,300 from 2016 onwards). In 2013, the three local banks administering the scheme said they have seen up to 20 per cent annual growth rate in the number of new SRS...

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Mustachian Googler lives in a van while working in Google and saves 90% of his income

In recent Mustachian news, a Google engineer called Brandon received his 15 minutes of fame when he was found to be living inside a 16-foot 2006 Ford truck and lived in the Google parking lot for free. Unless you have been living under a rock, you’d know that it’s common knowledge that Google pays its employees well and provides one of the healthiest, happiest and most productive work environments possible. Living in a truck was an option that Brandon subjected himself to. Brandon’s story in a nutshell While Brandon was interning at Google last summer, he was living in the cheapest corporate housing...

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Avoiding scam investments: 7 things you should know

Every few years, an investment scam surfaces and clears the coffers of naive investors. Whether it is some miracle water or precious gold bars, smooth-talking salespeople will try to get you to part with your life savings in exchange for them with promises of buying them back later at a higher price. We see scams like this all the time. The business model is often unsustainable and sounds too good to be true. The latest Here are 7 things you should know about scam investments and if you ever come across one, avoid at all costs! Introduce a product...

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