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Blogger Profile


Imtinan

Blog Info

Name:
A Lean Purse
Category:
Debt
Tags:
Debt
Start Year:
2016

Blogger Bio

Net worth:
Location:
Bandar Seri Begawan, Brunei
Age:
30s
Race:
Asian
Gender:
Female
Life stage:
DIK (Dual Income, Kids)
Profession:
Government Servant
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Latest Blog Posts

Assets Savings $4,059.00 Retirement $53,702.33 Investments $9,000.00 Houses $790,000.00 Total Assets $856,761.33 Liabilities Mortgage $159,128.59 House Financing $250,399.92 Ar-Rahnu $1,600.00 Car Loan $2,000.00 Total Liabilities $413,128.51 Net Worth $443,632.82 (-8,750.09) Savings has decreased as I withdraw money to put into investments which need a minimum of $1,000 to open. There was also a $3k loan to family of which $2k still remains. Net Worth decreased as we are still waiting for some money owed to us which includes a family loan, backdated salary increase, life ...
Posted: Jul 02 2017 @ 9:37 PM
Assets Savings $17,049.00 Retirement $53,110.33 Insurance $6,400.00 Houses $790,000.00 Total Assets $866,559.33 Liabilities Mortgage $159,510.87 House Financing $250,815.55 Ar-Rahnu $1,600.00 Car Loan $2,250.00 Total Liabilities $414,176.42 Net Worth $452,382.91 (-11,976.45) Savings has decreased as I withdraw money to spruce up rental house #1 which fortunately will get rented next month. Retirement should increase but my work promotion has not translated yet into an increase in salary but no worries it gets backdated Assets is set to decrease after I surrender my insurance policy. They no longer ...
Posted: Jun 01 2017 @ 10:53 AM
You might be wondering why there are some missing expenses.  This is because I pay the water, electricity and children’s education expenses this includes day school fees, kumon tuition fees, mengaji (religious education) fees and birthday gifts for their school friends which are funded by my side hustle and business income.  In addition, I also have sinking funds for worker insurance, car road tax, car insurance, house insurance, land tax, annual raya angpows (celebration after fasting ...
Posted: May 31 2017 @ 4:27 AM
Some people are probably curious how is our household able to save so much.  Well to answer your question I will share with you how we spend our money each month.  Our household expenses are funded by my husband’s university allowance and our rental house #2.  For those not familiar with Brunei’s welfare state the university allowance I mention here is given to those working in the government without salary. ...
Posted: May 31 2017 @ 3:08 AM
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 ...
Posted: May 10 2017 @ 3:38 PM
Assets Savings $17,666.00 Retirement $52,518.33 Insurance $6,350.00 Houses $803,000.00 Total Assets $879,534.33 Liabilities Mortgage $159,956.92 House Financing $251,188.05 Ar-Rahnu $1,530.00 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 ...
Posted: Apr 30 2017 @ 5:57 PM
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: All Cash Debt Snowball 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 ...
Posted: Apr 10 2017 @ 4:53 AM
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 ...
Posted: Apr 02 2017 @ 5:56 AM
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Posted: Mar 24 2017 @ 7:38 AM
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 ...
Posted: Mar 23 2017 @ 5:49 PM

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