Visualising debt is always helpful to get a feel for and to get motivated to pay it off. Below are a few ways of visualising debt:
1. Debt free charts which you can get here.
2. Programs like undebt.it
Will update this as I go along for now this is what I have so far.
Total Assets $875,996.40
House Financing $249,223.57
Car Loan $1,250.00
Total Liabilities $409,935.92
Net Worth $466,060.48 (+6,249.33)
This month has been a struggle as my kids’ school has been asking me to pay early for next year’s first three months of school fees plus annual book fees. We are talking about $1.4k+. Sales from side hustle has also been a bit slow. Good news I guess is that I still ...
This is a follow-up post on buying property if you wanted to then convert it into a government housing loan after the land title is registered in your name.
7th August 2017
First off, fill in the application form. Click here or get it from the Ministry of Finance website.
The application, unfortunately, is not updated where it asks for your salary increment there should be one for the fifth year as this ...
This post is meant to be as a guide to purchasing property in Brunei using conventional housing loans and Islamic home financing. Having gone through the process of getting two conventional housing loans and one Islamic home financing I feel I can contribute to the costs involved and timelines with regards to purchasing property specifically in Brunei.
STEP 1 – How much are you eligible to loan from the bank? How ...
Savings AccountThis is where my salary and rental income gets deposited. For simplicity’s sake this my personal money map which does not include my husband’s and thus only includes my income and expenses.
InvestmentTo make things simple (can you see I am a simplist at heart) included in this is my retirement which actually gets deducted directly from my salary but we’ll just lump it in here. In Brunei, retirement accounts ...
Total Assets $870,827.86
House Financing $249,644.97
Car Loan $1,500.00
Total Liabilities $411,016.71
Net Worth $459,811.15 (+10,401.82)
Retirement has increased a bit as I take into account some 2015/2016 dividends.
Investment has increased to $8,960. Reached a milestone of first $1k in retirement portfolio in June 2017. Next milestone to reach is first $10k hopefully by November 2017.
Savings has increased as I continue my daily deposits. Starting next month though I will have to ...
The majority (if not all) personal finance blogs that I have read all talk about investing specifically index investing in Vanguard. Unfortunately, in Brunei, investing is limited especially in Syariah-compliant funds. There is probably only one choice and that is BIBD’s Al Ahli Funds which were previously BICB Capital a long time ago in Kiulap (same building as TAIB Insurance). I did dabble in it previously in 2009 but withdrew ...
Total Assets $861,483.33
House Financing $250,023.41
Car Loan $1,750.00
Total Liabilities $412,074.45
Net Worth $449,409.33 (+5,776.51)
Savings has increased as I continue my daily deposits. The $2k family loan still pending hopefully next month. Life insurance surrender value also got paid around $2k.
Net Worth increased but we are still waiting for some money owed to us which includes a family loan, backdated salary due to promotion and backdated rental income. ...
Total Assets $856,761.33
House Financing $250,399.92
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
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