Thursday, February 20

Monthly Savings & Expenses January 2020

Monthly Savings & Expenses January 2020

Cheers to 2020!
Chinese New Year comes early this year in the month of January!

Here's how my January expenses and savings went.

Monthly Expenses January 2020


Fixed ($1007.10) - Monthly recurring expenses like Hdb loan repayment, Insurances of daughters and my parents, Utilities, Wifi & Cable TV, Handphone charges make up this list.

Food & Eating Out ($376.46) - Reunion dinner, steamboats, home cooked food

Transport & Taxi ($98.80) - Monthly EZ Reload top up of $40 and a few taxi trips.

Groceries ($504.05) - Ntuc, diapers, milk, food for steamboat

Kids ($15.20) - Still testing this category... Zyrtec solution for flu.

Misc ($1,142.78) - Large portion of this category this month was for Angbao to parents, MIL, relatives.

Total Expenses for January 2020: $3,144.39

Monthly Savings Jan 2020

Financial Freedom

Everything Savings Account ($200.00) - This goes directly to the 'DO NOT TOUCH' account.

Long Term Savings

Nikko AM Singapore STI ETF ($100.00) - This one's for the long term but automation is the key. It's a 'Set and Forget' method.
First dividend for the year announced and paid out on 20 Jan 2020.
Received $87 for about 1400 shares @0.0606

52 Weeks Increasing Money Challenge
Bank Transfer $106.00 - Automation works like a charm! 4 weeks of $26.50! Yeah! There are many ways to save money, but i like this the most!

If you have other ways to save money, do let me know. Thanks. :)

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