But I'd like to put some sort of records of our spending habits for comparison if someone wants to compare.
*Phone bills - SGD25 + SGD4
*Home internet - SGD29
*Utility bills - SGD77 (Typically under SGD80)
Insurance - Around SGD200 per pax per mth
*Town council - SGD100 (staying in one of the more expensive areas)
*Food eating out - SGD50-SGD100 per Saturday (SGD200-SGD400) (*SGD300 for below)
*Food eating out - SGD30 per Friday (SGD120)
Food eating out - SGD50 per week (SGD200, misc eating out, food court, kopitiam, wife's lunch, etc)
*Food cooking - SGD10 per day (Estimated 4 days per week x 4 weeks per mth = SGD160)
Car expense - Around SGD1200 (All in, including parking, insurance, tax, depreciation, everything)
*Petrol included above - SGD200 per mth
Travel - SGD500 per mth (Travel budget is expected to be SGD6000 per year)
The * indicates credit cards are used to pay for these which result in SGD1015 in credit card bills. Seems pretty legit cos I spend SGD500 on each of our UOB One cards.
Total average spending per month = SGD3115
A large bulk is taken up by the Car of SGD1200.
Travel and insurance are another large expense but I'll live with that. The car is the main "unnecessary expense" which wouldn't be there without my wife's current job.
Of course these are just averages, some months will have more spending, some months will have less spending. Some months there will be travel and expense increases and other months I will have trouble hitting the minimum SGD500 spending on my UOB cards.
Some travel will be paid by credit cards, some will be paid by cash. If there's any replacement expense, I will cut down my other spending such as eating out. Cos my main priority is to keep my spending within the SGD500 of the UOB account.
Parent allowance and income tax are excluded for privacy reasons.
I don't think my wife would like her income to be revealed and as for parent allowances, to each their own. You give what you feel is right so I don't want to put it down.
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