May 2017 – Expenses Update

image

Last month we celebrated Mother’s Day with both families to show our appreciation for their many years of devotion and love towards us. Kate at the same time celebrated her 3rd Mother’s Day as Ally will be turning three this September. (wow time really flies!)

We also did a lot of outdoor activities with Ally to reduce her screen time with gadgets or TV if we would to stay at home all day. We don’t totally restrict her from watching shows on iPads as I think some of them are actually quite educational. But we do restrict her screen time to about an hour a day and we always try to engage her with other home activities like handicrafts, singing, playing jig-saw puzzles and drawing.

For our outdoor activities, we managed to run, swim, cycle, scoot, play sand and explore different playgrounds around our neighborhood. All these activities are really good for Ally as she gets to go outdoor and learn a lot about nature. We are also glad that she enjoys going outdoor when we spend quality time together on weekends. Outdoor activities cost are minimal and the benefits are great for young children as compared to just buying stuff to entertain them. As a minimalist family, we try our best not to always buy toys for Ally but we give her undivided attention and time by doing activities with her. I think that’s the  greatest gift we could give her and at the same time trying to teach her how to appreciate things she currently have.

We have managed to compile the breakdown for our May 2017 expenses as below.

Food ($748.77)

$592.63 – Mainly meals for the three of us (this includes snacks, and drinks, etc.)

$156.14 – Mother’s day celebration with both families

Personal ($506.90)

$155.40 – Kate’s toiletries and facial care

$119.00 – Dave’s working shoes

$27.00 – Kate’s haircut

$205.50 – other personal stuff

Grocery ($185.55)

$185.55 – mainly groceries and other household items from the supermarket

Ally ($99.23)

$5.30 – swimming float

$36.90 – new sandals

$57.03 – snacks, toiletries and misc

Transport ($309.75)

$240 – Ezlink card reload for both of us (for bus and train rides)

$69.75 – Cab rides

Utility ($151.91)

$102.02 – Mobile phone bills and Internet

$49.89 – Electric, gas and water bill

Donation ($77.50)

$77.50 – temple and giving.sg to raise funds

Gift ($10)

$10 – colleague’s baby shower

Monthly Fixed Expenses ($2615.07)

$400 – Half day child care for Ally

$29.90 – Newspaper subscription

$69.00 – Property Services and Conservancy Charges

$1,200 – Parents allowance

$2.58 – iCloud 50 GB storage (monthly fees for Kate and myself)

$913.59 – Insurance premium (annual premiums amortised into 12 months)

Total Expenses = Total variable expenses $2,089.61 + Total fixed expenses $2,615.07 = $4,704.68

Note: We did not include our mortgage in this annual budgeting because we are using CPF to pay for our monthly instalments. Another reason is we will most probably be clearing off our mortgage upon reaching FI, thus this budgeting is use to gauge our post FI expenses.

imageimage

We incurred our second lowest expenses of the year this month even though we are still spending quite a bit on food and replacements of some personal stuff for both of us. But I guess these are all money well spent. We are still trying to do more activities with minimal cost, yet not compromising on having fun.

We are really grateful with our simple lifestyle nowadays and we hope that we could maintain this lifestyle. How was your May?

2 comments

  1. […] in more outdoor activities – As Dave mentioned in a previous post, we have been engaging in more outdoor activities with Ally, activities such as swimming, playing […]

    Like

  2. […] We also renewed Ally’s music appreciation class for another 10 sessions as she really enjoys it thoroughly. She is getting better in class and is considered one of the more advance learners. We hope we could advance her to the keyboard class by the time she reaches four years old. Other than the above activity, all her other activities came with minimal cost. […]

    Like

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

Go Curry Cracker!

Retire Early. Travel the World.

Four Pillar Freedom

Finding Freedom Through Financial Independence

Millennial Revolution

Random thoughts and journey towards a minimalist lifestyle

Mr. Tako Escapes

Just another WordPress.com site

My Money and Me

I want to live a free life meaningfully.

Root of Good

Retired in 2013 at age 33. Life is Good.

My 15 Hour Work Week

Semi-Retirement Made Earlier and Easier

Raising Smart Savers

Family finances, parenting, and raising money-smart kids.

Dad is Cheap

Fatherhood, Money, and Everything in Between

Our Next Life

Early Retirement // Financial Independence // Adventure

Mr. Money Mustache

Early Retirement through Badassity

Be More with Less

simplicity is love

Afford Anything

You Can Afford Anything ... Just Not Everything. What's It Gonna Be?

Frugalwoods

Financial independence and simple living

No Sidebar

Design a Simple Life

Rockstar Finance

A collection of AWESOME money articles

zen habits

Random thoughts and journey towards a minimalist lifestyle

Becoming Minimalist

Own less. Live more. Finding minimalism in a world of consumerism.

%d bloggers like this: