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 February, here’s what Mr Budget spent on.

ExpensesFebruaryMeals$369.30Transportation (mrt)$40.00Entertainment$67.30Groceries / Home$510.05Shopping / Cloths$8.00Phone Bill$56.10Mum$210.00Income Tax$103.05Hair Cut$30.36Digital Subs$30.56Malaysia Mortgage 1$763.84Malaysia Mortgage 2$359.96Malaysia Home$583.33Singapore Mortgage$1,215.26Travel$38.67Others$482.32

Mr Budget’s total expenditure for February is at $4,868.09, a significant reduction as compared to last month’s extraordinary expenditure. 

The bulk of the expenses are mortgages related expenses, and if we remove all of those expenses, the true expenditure will be at S$1945.71. Mortgage related expenses is at S$2922.39, making up to 60% of the monthly expenses. 

For Mrs Budget, here’s what

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