Personal Finance
Mr Budget’s 2020 Total Expenditure Analysis And 2020 Forecast
By Mr And Mrs Budget  •  January 2, 2021
With 2020 now finally over, we had the chance to sit down and analyze what we spent on in 2020. Earlier in 2019, we also did an analysis of what we spent on. In 2019, we spent a total of $96,284.92, and majority of it was due to one off expenditure as well as for asset building. We also noted that it is on the high side and we projected that we will be aiming to cut the expenditure down to the S$60,000 range in 2020. Here’s what we spend on in 2020:
Expenses Total Monthly Average % yoy change
Meals $4,348.18 $362.35 6.27% -10.55%
Transportation (mrt) $167.00 $13.92 0.24% -78.99%
Entertainment $870.49 $72.54 1.26% -31.91%
Groceries / Home $2,927.11 $243.93 4.22% -70.53%
Shopping / Cloths $816.02 $68.00 1.18% -46.50%
Phone Bill $512.20 $42.68 0.74% -25.47%
Insurance $3,295.58 $274.63 4.75% 21.14%
Mum $2,216.67 $184.72 3.20% -13.90%
Income Tax $2,165.13 $180.43 3.12% 52.93%
Hair Cut $226.36 $18.86 0.33% -29.96%
Digital Subs $91.68 $7.64 0.13% -71.63%
Malaysia Property #1 $19,817.73 $1,651.48 28.59% 93.87%
Malaysia Property #2 $2,017.99 $168.17 2.91% 54.17%
Singapore Mortgage $13,360.33 $1,113.36 19.28% -17.03%
Travel $1,858.61 $154.88 2.68% -27.83%
CPF / EPF $7,000.00 $583.33 10.10% -12.50%
Others $7,622.39 $635.20 11.00% -45.46%
Total $69,313.47 $5,776.12 100.00% -28.01%
Total Expenditure 2020
Looking back at Mr Budget’s expenditure, the highest expenditure is the payment for his Malaysia property #1, which was completed this year. Bulk of the expenses is from the renovation cost incurred to ensure that the condo can be rented out. This forms almost 30% of his total 2020 expenditure....
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By Mr And Mrs Budget
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