I decided to do an update from the middle of the month, so that the updates do not remain too far behind. I would usually do this if I remember, or if I have the time so that they can have a three -month delay.
You can view my earlier spending logbooks by going here in the future to the personal notes of investment canals.
How I group my expenses.
One of the reasons for publishing the expenditure is to show people how expenditure should be. Some wonder whether it is consistent or irregular, high or low. If you are interested, you see it and form your own story about it.
You can tailor to a spending profile of someone who is single, older, a fully poured house. If you spend more than this, you can think about why that is and what you think. If you spend less than this, you can think about why and what do you think.
I am grouping my expenses based on a few technical grouping:
- Flexible or Inflexible: There are some editions with which we can be more flexible. Expenditure tends to fluctuate over time. There are some expenses that are not more flexible. The impact of this is felt more if you cut the work, want to take hard pivot points in your life or career, plans for financial security or future retirement. A more inflexible expenses would require that your planned income flow is more conservative, while you can take a little more risk if you have flexibility in your expenses.
- Finite or continuous: There are some expenses that will stop at some point, but there are some expenses that we do not see objectively stop. Finish expenses are insurance premiums, mortgage, reimbursement for children, reimbursement for parents, etc. The continuous expenses are a certain type of transport expenditure.
- Role or responsibility: What am I currently? Am I an employee? A husband? Or a son? Some of the expenses are a group in this way, so that we can see how much we spend something on something. Part of this responsibility will disappear. For example, you spend a few journeys, clothing, payment tax because you are an employee. But if you are planning a non-working phase of life, you would like to know how much you spend today can be placed.
In a sense this works for me because I always have an eye from the perspective of financial independence planning. Maybe not, and you have your own reasons.
I hope that your way of grouping has some feeling for it and helps you in your own way.
These are the expenses for the month of June, not this month. Illustrations can be found on instagram here.
Expenditure in July has become normal again. I spent my time doing more domestic activities, so this explains the lower expenses.
The essential rigid expenses
I wrote about my essential rigid expenses here in this comment: what kind of lifestyle should I buy for myself?
I group and follow this series of rather rigid expenses to be reflective about how realistic the figures are as part of the notes written above. The income flow from my income portfolio in Daedalus is intended to also pay for these expenses.
Food expenditure is lower for a few reasons:
- Food food remains of providing events. There will usually be food from events, so that some of the interested employees pack and have them for the night. If not much is interested, it usually ends up in my stomach.
- CDC -Supermarkt vouchers means that the bills of the groceries are lower.
July happens to be the month where we see a 50% discount on my conservancy costs.
I thought the utilities still look very low, so I decide to log in to SP Group to take a look:
It appears that my usual expenses for $ 40 a month are so low that after the Government’s U-SAVE deduction, which can be brought to the following month, I have not paid any utility accounts for the last 7 months of the year.
The basic rigid expenses
The difference between the base and the essential is that … it is less essential. You can probably think of something that you can at least be a little more flexible … but actually not too flexible about that would make life more healthy.
You want to renovate or replace your place every 10 years, right? You want to try to make life on a continuous basis easier, right? You want to take better care of your health, right? Some of you will have strong opinions about some areas, more than others. The expenses can be rather rigid for you, but if you touch your heart, you know that you can cut if the circumstances are really bad.
If it fits that, it will end up here.
This is also what Daedalus should offer income portfolio.
I describe these expenses in this comment: apart from my most essential expenditure needs, I need $ 5,160 for my basic needs every year. I would set aside $ 174,000 to deliver income for this.
Not much was spent here in the month.
The flexible spends
I would group most of my expenses that are flexible in one big pot. From a realistic point of view, this is the expenses that make life interesting.
From a realistic point of view, we can also be more flexible with these editions.
I think these expenses are less important for long -term pension planning, but you can have a different opinion. I think if you want to enjoy something, you might want to work for it. But there are some subaccounts with which I can tailor myself to.
The expenditure for this month is higher than those in the past. I paid for the hotel and the flight ticket for a upcoming trip to Bangkok, in which the $ 580 is explained.
I have one DJI Action 4 For about $ 235. I was not so satisfied with the Osmo Pocket 3 because it is so delicate that I had to deal with care, so I decide to try it out. Went to AliExpress to buy some lens protection, screen protector and telesin mini Quick Selfie Stick. Everything came to $ 256.
Also bought an A2 Extreme 512GB SD card for $ 76.
I got angry that I had to be pre-used with some of the plants that were given to me, not enough light, so I bought 5 x flower potato so that the flower gates can have sun and I don’t have to think about them! Cost me $ 21 dollars.
I bought a 1 TB Western Digital SSD for $ 60 to use more for external storage backup. I have a lot of back -up with magnetic disk, but thought it will be much faster if I have an SSD. The price, the storage size and the speed made this a good buy.
I also bought a few Sennheiser -replacing Earpad for $ 6 from Aliexpress because our head of investments Chye Hsern gave me a few old Sennheiser wireless headphones he doesn’t want. The Earpad has fitted well.
The only problem is that the headphones broke 4 days later. Fxxk.
In July I have the privilege of having meals with the following people:
- Samantha
- Stephen Chen
- Bijenkorf, Old and Euchen
The meals with them came to a total of $ 145.
I have to thank Stephen for buying, but I also donate myself Cudy AX3000 travel router.
Although I have two GL Inet Travel router, I think having a small, powerful router is no harm.
Providing gifts will mainly be the expenditure in the office.
I spent $ 32 Mori Mori Yoshi This month. There is also about $ 24 on Munchi Min Jiang Kueh.
For the most part I spent $ 166 on peanut butter and red bean shio pan of Gokoku Japanese bakery.
Kelder 1 from Guocco Tower
Lena has introduced this to me and many colleagues told me that it is very life change (especially the peanut butter).
Expenses funded from other sources
These are expenses that come from zinc funds/savings groups that we have capitalized.
This would be mainly for my real insurance protection needs. You can read more about them here: lowering my FI capital needs for insurance premiums from $ 131,366 to $ 58.132 by paying for it.
When I have made these expenses, I get it from my recurring expenses. A few line items from my insurance are really finite. Term insurance is. My limited entire life is $ 50,000. My health insurance policy is in my rigid essential expenses above, which I have as part of my expenses, even if I don’t spend it today (to strengthen it the later years).
Editions on work
I don’t have many responsibilities like many other people. Expenditure on work is a way to follow those expenses that are directly attributed to the work. When I stop working, this disappears.
If you want to trade these shares I mentioned, you can open an account Interactive brokers. Interactive Brokers is the leading cheap and efficient broker I use and trust to invest my investments and trade in Singapore, the United States, London Stock Exchange and Hong Kong Stock Exchange. This allows you to trade shares, ETFs, options, futures, forex, bonds and funds worldwide of a single integrated account.
You can read more about my thoughts about interactive brokers in These interactive brokers Deep Dive series, Starting making it easy and financing your interactive broker account.
Kyith is the owner and some writer behind investment canals. Readers coordinate investment canals to learn and build stronger, stronger power foundations, how to have a passive investment strategy, to know more about investing in Reit’s and the notes and bolts of active investing.
Readers also follow Kyith to learn how to plan well for financial security and financial independence.
From 2004 to 2019, Kyith worked as an IT operational engineer. He is currently working as a senior solutions specialist in insurance. All opinions about investment canals belong to him and do not represent the views on providing.
You can view Kyith’s current portfolio herethat uses his Free Google Stock Portfolio Tracker.
His favorite investment broker is Interactive brokersAs a result of which he is able to invest in the effects of various stock markets around the world, at very low commission rates, without retention, near spot currency rates.
You can read more about Kyith here.
#personal #expenses #July #Investment #mates