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.
Sunday, March 13, 2011
I am spending more than $100 per day.
I had posted in this blog a few month ago that my expenses have amounted to $3200 per month. That means that I am spending more than $100 per day. I have listed all types of my expenses and sorted them according to greater amount first.
As you can see that on top of the list, I am spending about $27.42 per day just for my one kid. This is more than one quarter of my total expenses. Food and Insurance are ranked 2nd and 3rd, and their total amount is about one third of my total expenses. Housing loan is ranked 4th, which is about 12% of my total expenses. Other items are less than 10% of my total expenses.
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