Budget update: November 2017

Screenshot_20171205-114614

Without realizing it, I’ve skipped last month’s Budget update which, to be honest, I’m quite disappointed about. I’m still trying to instill the habit of posting these every month because it is something that I am not accustomed to doing. So without further ado, let’s get back right into it.

November was a busy month for me which means that I had to spend more. I had to pay for a number of wedding “saman”, having to take my other half to dinner at a fancy place for her birthday. I had to pay for accommodation in Rome for next year (Yes, I’m going to travel to Europe in May). And not forgetting I’ve also added to my already increasing fixed expenses by donating to WWF. This is why there is a significant increase of 32% in expenses compared to the month of August.

I have gotten 3 samans for November alone which got me thinking November is a popular date for weddings. I love it when we Malaysians use the word “saman” when you get a wedding invitation card. It never fails to amuse me because it is true. For one of the wedding, we had to travel to Ranau and stay there for 2 nights.

I am supposed to save some money too for my trip to Europe next year which I feel I am not doing really well so far. Food prepping came to a halt which I am not quite happy about. This could be due to lack of sheer determination for preparing food on a lazy Sunday. I am hoping that I get my food prep inspiration back somehow but in the meantime, I think I will enjoy my December holidays first. This is how a procrastinator works right?

Screenshot_20171206-104245Screenshot_20171206-104254

I need to note that my fixed expenses are now 42% of what I earn in a month. 42 percent is still considered okay if you are following the 50/30/20 rule. But I would like that number to be as low as possible. My fixed expenses are my car loan, medical insurance, WWF donation, and Spotify subscription. I could have avoided donating to WWF entirely but my partner insisted that it is for the greater good to save our environment especially our rainforest. Well, we all know how that ended up.

Things to Look Forward to:

  • Looking into investing in Gold or Bitcoin. Seeing how bitcoin value is skyrocketing is very tempting to invest in.
  • Christmas gift exchange party with 3 different groups. One is with my school friends and the other is with my family and lastly is with my colleagues. It would cost money to spend on presents but it would be fun.
  • Traveling to Europe next May will be exciting. I always enjoy traveling but I never had the determination to do as much traveling as I want because I wanted to save more money for myself. Yes of course, traveling would put a dent in my savings but it would be worth to see and experience the other parts of the world.
Advertisements

Budget update: August 2017

Screenshot_20170907-111302

I’m gonna start doing my own Budget update for every month from now on which was inspired by Ringgit oh Ringgit blog, well hopefully.

August had been a quiet month, not much activities and eating out. July’s expenses were higher since my girlfriend and I went to Kuching for the Rainforest Music Festival. I have started doing food preps too since last July on the weekend for my lunch the next 4 days when I’m at work. I realized that it is much cheaper than buying food outside which would cost me rm6-8 per meal. Now each meal would only cost me around RM4 if I cook my own meal. Well it depends on where I buy my groceries too. I’ve been buying my chicken breast and vegetables from CKS and would cost me rm15-18 for 4 days of meal. But this week I bought my groceries from Pick & Pay since I was already there and I was too lazy to go to CKS the day before I prep my meal. Pick & Pay cost me rm20 for 3 days of meal which is much more than what I usually pay when I shop at CKS. Maybe I should try buying my food from the local market which would be cheaper.

 

Spending breakdown August 2017

Screenshot_20170907-152515

My car loan will most likely end up at the top of the list every single month since it is the highest liability I have right now. The second highest expenses which is Food and Beverage did not change much since last July. The most I’ve spend on food during this month was when I went to Aki Sushi. It is important to note that the month of July and August expenses for food and beverage which are expenses for eating out is lower compared to June. It is during July I’ve started doing food prep so it does lower my expenses on food. My shopping however which are my groceries is higher since I must buy my food prep stuff now. Oh and another extra expenses I have to put down now is my medical insurance which I bought in July. So that is another extra RM215 monthly expenses I must take note of.

 

Things to Look Forward to:

  • I had resisted for a few months now to buy a perfume I’ve been dying to get which is Chanel Allure Homme Sport Eau Extreme (ikr, must be the longest name for a perfume). I keep telling myself I don’t need it yet since I have my Bvlgari aqva marine and my Hugo Boss at home.
  • I have been saving some money for a new pair of earphones. I’m thinking of getting 1more Triple Driver which is rated highly with that price tag.