Currently on routine half-yearly tracking family expenses. To be exact the tracking is based on the outflow from saving account. Before I start it off there are a few items or assumption made.
Figure includes
- "Home Loan"
- A few one-off Medical Expenses - Therapy Sessions etc
- On/Off there maybe Bonus Company Share Sales
- Parental Allowances
Figure excludes
- Income Taxes. I help cover my partner too.
- Partner contributed to some expenses. Assume 15%. May Revisit later on this assumption.
Full Year Comparison
To set the right expectation, it maybe quite big-eyed to see saving jumped 65% for Year 2023 when income do not rise as much. 13% includes company shares sold. Saving is typically a small subset for me due to family, housing, transport, holiday etc. The important rationale is that if we able to keep our expense in check, all the income increase will be channeled to saving. Hence, we see large % increase in saving.
1st Half Year Comparison
Cash Expenses do increase...
