March 2020 Monthly Expenses Update

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.

ExpensesMarch
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.

ExpensesMarch
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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monthly updates

What Have We Done This Month Towards Our Financial Goals – March 2020

So March and 2020 first quarter has came and gone now. And March has been yet another a roller coaster month because of the whole virus situation.

While everyone else is doing a monthly portfolio update, we thought it is more meaningful to document what we have done this month towards our financial goals.

Mr Budget
Position Added: AIMS AMP, Ascendas India Trust, Keppel Pacific OAK, CMT, Syfe Global Equities, Syfe REIT+
Take Profit: Ascendas, Centurion, Amazon, Axon, SEA

Mrs Budget
Position Added: AIMS AMP, Ascendas India Trust, Keppel Pacific OAK, CMT, Syfe Global Equities, Syfe REIT+ Take Profit: Ascendas, Netlink Trust

There were a fair bit of transactions this month, and mostly they can be classified into:

  1. Selling some of our recently added positions to take profit and avoid losses
  2. Buying to remain vested in market as well as adding counters which are below NAV and are oversold.

For Mr Budget and Mrs Budget, we took profit off Ascendas which we bought in November last year, and still manage to clock in a 10% gain before the counter plunged to below our entry price.

We may initiate a position to buy Ascendas again when the price drops further. 

To accumulate more cash, Mr Budget also sold off more than half of his US equities, as well as his stake in Centurion before it dived lower than his entry price.

Similarly, Mrs Budget also took profit on her Netlink Trust holdings. 

With the proceeds from the sales of shares, we rotated those capital into the following counters:

  1. AIMS AMP – dropped to a 8 years low, with a price/nav of 0.77 and 45% upside. There was insider buying too when share plunged.
  2. Ascendas India Trust – dropped to 1 year low, with a price yield of 8.21% and a 54% upside. Our first exposure to the India market.
  3. Keppel Pacific OAK – dropped to all time low, with a price/nav of 0.61 and a 80% upside. 
  4. Capitalmall Trust – dropped to a 8 years low, with a price/nav of 0.84 and a 55% upside. Finally manage to get this REIT.

Overall, we recycled our invested capital into new REITs with better prices, and this month our investing activity is still net capital outlay for our Singapore equities.

We also continued our monthly Syfe DCA contribution.

Here’s a graphical representation of what we have done this month towards our financial goals:

While our portfolio went down by a lot, it is cushioned by our employment income as well as constant CPF contribution. Mrs Budget also received her performance bonus which help lifted her net worth up.

Our joint net worth is at around S$590,000 now, almost hitting S$600,000, excluding our properties and mortgages but including our CPF. 

In our previous updates, we shared that cash is king and that we will be accumulating cash.

Hence we are treating our stock purchase this month as our first deployment of our war chest during this COVID 19 outbreak. 

PhasesMr BudgetMrs BudgetDeployment Signals
1AS$20,000S$20,000Singapore market STI -20% 2400 – Deployed
1BS$20,000S$20,000US NASDAQ -25% 6750
2AS$30,000S$30,000Singapore market STI -20% 2000
2BS$30,000S$50,000US NASDAQ -25% 5400
3AS$50,000S$120,000Singapore market STI -20% 1600
3BS$30,000S$70,000US NASDAQ -25% 4000
Current: STI 2440 NASDAQ 7500

We have done 1A last week, and will monitor the US market for phase 1B.

Phase 1 is funded by our existing capital in the market. 
Phase 2 will be funded by our current cash in bank.
Phase 3 will be funded via a combination of home equity loan as well as credit card cash advance.

Assuming we do hit phase 3, here are some of the counters we will be accumulating:

  1. Ascendas REIT
  2. Keppel DC REIT
  3. Comfort Delgro
  4. CRCT
  5. Suntec REIT
  6. Centurion
  7. SGX
  8. DBS
  9. Mastercard
  10. SEA
  11. Booking
  12. Google
  13. Adobe
  14. Amazon
  15. Square
  16. Facebook

Hopefully we will be able to scoop up these counters at good price and they will reward us in the future. 

Stay safe everyone, and happy hunting!

Monthly Tracking

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January 2020 Monthly Expenses Update

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 January, here’s what Mr Budget spent on.

ExpensesJanuary
Meals$318.56
Transportation $65.00
Entertainment$176.20
Groceries / Home$121.82
Shopping / Cloths$382.53
Phone Bill$56.10
Income Tax$103.05
Hair Cut$34.00
Digital Subs$30.56
Malaysia Mortgage 1$877.73
Malaysia Mortgage 2$366.51
Singapore Mortgage$1,231.80
Travel$1,819.94
CPF Top Up$7,000.00
Wedding Expenses$4,855.54

My total expenses for January ended up to be a whopping $17,439.34, consisting of a $2,699.75 fixed expenses and $14,739.59 of variable expenses.

The expenses increases significantly mostly due to the final payment of our wedding expenses ($4,855.54), our recent honeymoon to Japan ($1,819.94) as well as a CPF SA contribution (S$7,000).

Removing all of these one off expenses, the true expenses in January would have been a more manageable S$3,763.86. Of the S$3,763.86, mortgage payment is at S$2,476.04, and the rest is at S$1287.82.

Daily Expenses$1,287.82
Mortgage Commitments$2,476.04
Wedding, CPF Top Up, Honeymoon$13,675.48
Total January Expenses$17,439.34
January Expenses Category Breakdown

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

ExpensesJanuary
Meals$107.82
Transportation$80.00
Family$600.00
Groceries / Home$121.82
Phone Bill$65.58
Endowment$303.97
Insurance$87.25
Shopping$305.00
Travel$1,819.94
Gifts (Wedding Festives)$20.00
Wedding Expenses$4,716.54

Mrs Budget spent a total of $8,227.92, of which $1,244.62 is the fixed expenses and $6,983.30 is the variable expenses.

Similarly, wedding and travel expenses made up the bulk of the expenses in January. 

We don’t foresee to have any big expenses for the rest of the year other than some small travel expenses to Malaysia, so that should ease our cash flow as well as help us build up our cash savings for the year. 🙂

How has January been like for you?

October 2019 Monthly Expenses Update

November 2019 Monthly Expenses Update

December 2019 Monthly Expenses Update

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December 2019 Monthly Expenses Update

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 December, here’s what Mr Budget spent on.

ExpensesDecember
Meals$432.84
Transportation $65.00
Entertainment$71.80
Groceries / Home$2,181.93
Shopping / Cloths$946.50
Phone Bill$56.10
Family$1,000.00
Income Tax$103.05
Hair Cut$36.00
Digital Subs$30.56
Malaysia Mortgage 1$879.83
Malaysia Mortgage 2
$141.89
Singapore Mortgage$1,231.78
Others$2,222.01

My total expenses for December is S$9,399.28, consisting of a fixed expenses of S$3,479.20 and variable expenses of S$5,920.08.

The expenses high an all time high as in December, Mr Budget made a few wedding related expenses, all of which are one off expenses. 

It is scary to think that Mr Budget is spending close to S$10,000 in December, but find consolation in the fact that some of these expenses were recovered via the wedding angpao, as shared in our previous update.

Hopefully 2020 will be a year of high savings and personal finance growth! The one part which can not be optimised further is the various mortgage payments – 3 in total, of which one is for the current Singapore house, and another 2 for the condos in Malaysia, both of which are for investment purposes. Hopefully we can reap the benefits in the future.

Also Read: We Spent A Net Total Of S$16,000 For Our Wedding, Or S$80 Per Wedding Guest.

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

ExpensesDecember
Meals$274.52
Transportation$109.80
Family$600.00
Groceries / Home$2,181.93
Phone Bill$39.71
Endowment$303.97
Insurance$87.25
Shopping$439.71
Gifts (Wedding Festives)$388.00

Mrs Budget’s total expenditure was S$4,424.89, out of which S$1,415.25 is the fixes expenses.

Other than contributing a monthly stipend to her parents and contributing to her endowment plan, the other high expenses is the wedding table downpayment which we captured under our “Home” category. As per usual, Mrs Budget’s spending is well within our satisfaction.

October 2019 Monthly Expenses Update

November 2019 Monthly Expenses Update

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November 2019 Monthly Expenses Update

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 November, here’s what Mr Budget spent on.

Meals$266.74
Transportation (mrt)$113.19
Entertainment$374.81
Groceries / Home$2,114.37
Phone Bill$56.10
Family$278.33
Income Tax$103.05
Hair Cut$34.00
Digital Subs$30.56
Malaysia Mortgage 1$851.74
Malaysia Mortgage 2$127.50
Singapore Mortgage$985.74
Others$1,014.75

My total expenses this month is $6,350.88, consisting of a fixed expenses of $2,467.02 and variable expenses of $3,883.86.

The variable expenses is higher this month as we made our usual wedding downpayment for our banquet next year, and we foresee some recovery in that aspect next month when the ang Pao comes in.

Entertainment cost is higher as Mr Budget went overseas with his company. Other than that, managed to cut down on grab food meals this month hence the overall expenses is lower than last month. Mr Budget also incurred a S$1000 cost under “others” as he made a voluntary contribution to his EPF account. 

For the month of November, I would say that we are fairly satisfied with Mr Budget’s monthly spending. 

As with last month, mortgage payments make up to S$2000 of Mr Budget’s monthly fixed expenses. Hopefully we will reap the reward in the future. 

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

Meals$200.95
Transportation$80.00
Family$600.00
Entertainment$16.00
Groceries / Home$2,114.37
Phone Bill$39.71
Endowment$303.97
Insurance$87.25
Income Tax$0.00
Shopping$182.34

Mrs Budget’s total expenditure was $3,657.59, out of which $1,311.88 is the fixes expenses.

Other than contributing a monthly stipend to her parents and contributing to her endowment plan, the other high expenses is the wedding table downpayment. As per usual, Mrs Budget’s spending is well within our satisfaction.

October 2019 Monthly Expenses Update

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October 2019 Monthly Expenses Update

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 October, here’s what Mr Budget spent on.

Meals $556.04
Transportation $85.00
Entertainment $198.00
Groceries / Home $778.8
Shopping / Cloths $61.00
Phone Bill $56.10
Insurance $1,635.16
Income Tax $103.05
Hair Cut $34.00
Digital Subs $30.56
Malaysia Mortgage 1 $880.13
Malaysia Mortgage 2 $123.38
Singapore Mortgage $985.74
Travel $141.00
Others $5,319.00

My total expenses this month is at S$10916.52, a high side from my normal benchmark. This consist of S$3848.13 of fixed expenses and $7,068.39 of variable expenses.

The variable expenses is slightly high because of the renewal of my annual term insurance, a one of wedding expense of S$5,000, a one off angpao S$500 to my mum for travel expenses, a one off home projector purchase of S$128.

What I also realised is that my dining cost is slightly on the high side this month, due to over reliance on Grabfood. Making a mental note to reduce dining expenditure for the next few months.

Mortgage payment also makes up almost S$2000 of my monthly expenses, and will only continue to increase the next few years. With one of the condo almost done in the next few months, will need to see if we can start finding tenant or sell off the property so that we can reduce some cash flow stress.

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

Meals $205.10
Transportation $104.50
Family $600.00
Entertainment $105.93
Groceries / Home $778.83
Phone Bill $39.71
Endowment $303.97
Insurance $87.25
Shopping $2.40
Gifts (Wedding Festives) $70.00

Mrs Budget’s total expenditure is $2,303.11, out of which $1,340.53 is fixed expenses. Other than the monthly contribution to the family and endowment plan, Mrs Budget’s spending is well within our satisfaction.

What is not in our satisfaction is the high expenses of Mr Budget – hopefully we can reduce the dining expenditure, entertainment expenditure, home groceries, as well as restructuring one of the Malaysia condo mortgage – either through selling off, or renting it out after TOP in a few months.

Will see how it goes. 🙂

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Also Read: What Have We Done This Month Towards Our Financial Goals – October 2019