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 a fixed expenses of S$3,479.20 and variable expenses of S$5,920.08.

The expenses high an all time high as in December, Mr Budget made a few wedding related expenses, all of which are one off expenses.

It is scary to think that Mr Budget is spending close to S$10,000 in December, but find consolation