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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

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. ...
Posted: Oct 03 2017 @ 10:42 PM
Assets Savings $19,787.97 Retirement $56,008.43 Investments $10,200.00 Houses $790,000.00 Total Assets $875,996.40 Liabilities Mortgage $157,862.35 House Financing $249,223.57 Ar-Rahnu $1,600.00 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 ...
Posted: Sep 30 2017 @ 7:04 PM
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 ...
Posted: Sep 22 2017 @ 8:10 PM
Your Diagram Title Wages → Budget 4,771Budget → Savings 4,258Rental → Budget 1,651Budget → Personal Loan 896Budget → Investment 400Budget → KindyKare 350Budget → Kumon 240Budget → Charities 196Budget → Utilities 82Wages 4,771Wages: 4,771Budget 6,422Budget: 6,422Rental 1,651Rental: 1,651Savings 4,258Savings: 4,258Personal Loan 896Personal Loan: 896Investment 400Investment: 400Kumon 240Kumon: 240KindyKare 350KindyKare: 350Charities 196Charities: 196Utilities 82Utilities: 82 A new program I recently came across lets you visualise your cash flows. Above is a rough ...
Posted: Sep 21 2017 @ 10:54 PM
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 ...
Posted: Sep 14 2017 @ 3:46 AM
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 ...
Posted: Sep 13 2017 @ 8:31 PM
Assets Savings $16,451.00 Retirement $55,416.43 Investments $8,960.43 Houses $790,000.00 Total Assets $870,827.86 Liabilities Mortgage $158,271.74 House Financing $249,644.97 Ar-Rahnu $1,600.00 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 ...
Posted: Sep 02 2017 @ 8:46 AM
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 ...
Posted: Aug 13 2017 @ 2:44 PM
Assets Savings $8,306.00 Retirement $54,294.33 Investments $8,883.00 Houses $790,000.00 Total Assets $861,483.33 Liabilities Mortgage $158,701.04 House Financing $250,023.41 Ar-Rahnu $1,600.00 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. ...
Posted: Aug 12 2017 @ 8:14 PM
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

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