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 March, here’s what Mr Budget spent on.

Expenses	March
Meals	$450.07
Transportation (mrt)	$40.00
Entertainment	$48.40
Groceries / Home	$201.05
Phone Bill	$56.10
Income Tax	$103.05
Hair Cut	$34.00
Digital Subs	$30.56
Malaysia Mortgage 1	$785.47
Malaysia Mortgage 2	$407.21
Singapore Mortgage	$1,215.26
Others	$192.60

Mr Budget’s total expenditure for February is at $3,563.78, a further reduction as compared to last month’s expenditure of $4,868.09. 

The bulk of the expenses are mortgages related expenses, and if we remove all of those expenses, the true expenditure will be at S$1155.83. Mortgage related expenses is at S$2407.95, making up to 68% of the monthly expenses. 

For Mrs Budget, here’s what she spent on.

Expenses	March
Meals	$154.60
Transportation	$80.00
Family	$600.00
Entertainment	$17.00
Groceries / Home	$201.05
Phone Bill	$25.00
Endowment	$303.97
Insurance	$87.25
Income Tax	$290.97
Shopping	$14.31
Gifts (Wedding Festives)	$170.14
Dog	$231.35

Mrs Budget total expenditure is at $2,175.64, significantly lower than February’s expenditure of S$10,260.33. This amounted to her 6 months low, and reverted back to the normal true monthly expenses.

We dont foresee any big expenditure coming in the next few months, and we will continue to tighten our belts and watch our cash outflow so that we can tide through this uncertain period.

How has March been like for you?

October 2019 Monthly Expenses Update
November 2019 Monthly Expenses Update
December 2019 Monthly Expenses Update
January 2020 Monthly Expenses Update
February 2020 Monthly Expenses Update

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