Objectives of this blog:
1) Plan for my retirement.
2) Journal my way to financial freedom for my family and me in Singapore.
3) Share my financial knowledge and wealth management in an easy to understand way.
My current aim is to generate a passive income of $3000.
Friday, September 25, 2009
Expenses of a married man with a kid.
My Monthly Expenses: The above picture show you a rough breakdown on the expenses. The total is about $3000. This give you an idea if you instead to get married and wish to have a kid in the future.
Thank for the questions: 1. I use my bonus to pay insurance for everyone in my family including myself. It is about $5k per year. (See my cash flow, there is an item call adhoc expenses per year). http://lifelongfreedom.blogspot.com/2009/10/cash-flow-diagram-updated.html
2. $500 is quite a lot. That is already more than $16 per day.
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2 comments:
1. you miss out the insurance payable yearly. For me, it is about $550/month
2. Your spending on food is merely 500? never eat out? so stingy? :D
Hi Wealth-Maker,
Thank for the questions:
1. I use my bonus to pay insurance for everyone in my family including myself. It is about $5k per year. (See my cash flow, there is an item call adhoc expenses per year). http://lifelongfreedom.blogspot.com/2009/10/cash-flow-diagram-updated.html
2. $500 is quite a lot. That is already more than $16 per day.
Regards,
Freedom Achiever
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