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.
We also continue our tracking to know where our big money outflow is going instead of wondering why is our bank account balance not increasing.
In July, here’s what Mr Budget spent on.
| Expenses | July |
| Meals | $302.04 |
| Groceries / Home | $466.11 |
| Phone Bill | $40.00 |
| Insurance | $1,666.00 |
| Income Tax | $206.22 |
| Hair Cut | $10.00 |
| Malaysia Condo Fees | $1,118.14 |
| Singapore Mortgage | $1,020.32 |
| Others | $18.00 |
Mr Budget’s total expenditure for June is at $4,846.83, a significant increase as compared to last month’s expenditure of $2,591.62.
The increase is mostly due to the annual insurance payment of S$1,6666, our condo quarterly management fee, as well
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