Do you know our household of three adults and two children soon to be three only pay $6 towards our electricity bill and roughly $3 a month on our water bill. In Brunei, our electricity is heavily subsidized especially for those that can control their electricity usage to 600kWh (1 cent per kWh) and water usage to 54.54pcm (11 cent pcm) each month. For our household we have been able ...
Total Assets $879,534.33
House Financing $251,188.05
Car Loan $2,500.00
Total Liabilities $415,174.97
Net Worth $464,359.36 (+5,648.42)
Savings is on track but still waiting for arrears from my work promotion approx. $600. Sales was a bit low this month but looking on the bright side I don’t need to restock.
Assets is set to decrease after I surrender my insurance policy. They no longer offer this policy so I worry about its ...
Two of my passive income streams are from real estate specifically from two rental properties. Chad over at Coach Carson has highlighted these three strategies:
Buy 3 Sell 2
The strategy I use is #2 – the Debt Snowball.
But first, let’s go through them in order. According to Chad the most conservative is the All Cash strategy this is where you do the following:
Save enough cash to buy one income property
Save 100% of ...
Beginning 1st April, children born to Brunei Citizens and/or Permanent Residents will get free disposable diapers for 12 months and a manual breast pump for every pregnancy with a spacing of two years.
The diapers will be distributed by RIPAS or JPMC upon discharge (4 packs) followed by the health clinics during the child’s appointments at two months (4 packs), 4 months (4 packs) , 6 months (6packs) and 9 ...
Money cashflow can vary daily, monthly and yearly. Since I started a side hustle being a reseller of a product the daily budget is quite useful.
Let’s start with the yearly budget first. These are things paid once a year such as land tax, road tax, house insurance, car insurance and so on.
There are some monthly expenses I have moved to the yearly budget such as the kids’ school ...
Total Assets $874,926.33
House Financing $251,599.81
Car Loan $2,750
Total Liabilities $416,215.39
Net Worth $458,710.94 (+6,036.90)
Savings is on track as I execute the $132 per day recurring transfer. I also managed to earn $1,530 from my side hustle and received reimbursements for my son’s education allowance for January and February since he moved schools this year.
Ramit Sethi hit it right on the head in his Ultimate Guide to Personal Finance about why its hard to save. I think everyone knows that we have to save money but why don’t we do it?
WE RELY TOO MUCH ON WILLPOWER – Facing the decision not to spend money throughout the day can steadily wear you down. This reminds me of New Year’s Resolutions where you regularly exercise or ...
“Annual income twenty pounds, annual expenditure nineteen six, result happiness. Annual income twenty pounds, annual expenditure twenty pound ought and six, result misery.” ― Charles Dickens, David Copperfield This is so basic but some people find hard to do. For example, if they would like to buy a big item like a TV set or mobile phone … Continue reading "What We Can Learn About Savings from David Copperfield"