web
counter

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

(Is this your profile page? Update your info here. To update your icon, go to gravatar.com.)


Latest Blog Posts

I made a planner!  Introducing MENABUNG, the Bruneian approach to the science of saving.  It’s inspired from the Kakebo, the Japanese household accounting journal and edited to a version closer to what I personally do each month to manage my personal finances. STEP 1: List your expected income and expenses for the coming month. STEP … Continue reading "A Lean Purse Financial Planner 2018" ...
Posted: Jan 26 2018 @ 9:05 PM
Starting January 2018, the Brunei Government will be trial paying government employees in the Ministry of Finance and Prime Minister’s Office twice a month.  Without having gone through being paid twice a month here are some tips I have thought of in order to prepare for smoothing out our household’s cash flow. Prepare for Annual … Continue reading "Semi Monthly Budgeting" ...
Posted: Dec 07 2017 @ 11:11 PM
I use sinking funds for those expenses I know come up every year.  Below are a list of my projected annual expenses (this are usually based on previous annual expenses) as an example: Worker Insurance – $79 Kids’ School Fees – $2630 Car Servicings – $162 House Insurances – $385 Mobile Phone License – $25 … Continue reading "Sinking Funds for Expected Annual Expenses" ...
Posted: Nov 05 2017 @ 7:33 PM
It seems counter intuitive that if you want to pay down your mortgage faster and at less interest paid to the bank that you would take on another personal financing and overdraft financing.  At some banks prepayments are available without steep penalties but for those that have steep prepayment penalties these are some of the … Continue reading "Paying Down Mortgage by Taking on More Loans" ...
Posted: Nov 04 2017 @ 10:39 PM
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 04 2017 @ 7:42 AM
This is a follow-up post on buying a 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 … Continue reading "How To Apply for Government Housing Loan To Pay Off Bank Loan" ...
Posted: Sep 23 2017 @ 5:10 AM
Your Diagram TitleWages → 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 … Continue reading "Visualising Money Flows" ...
Posted: Sep 22 2017 @ 7:54 AM
Assets Retirement $61,518.90 (+628) Investments $12,000.00 Houses $790,000.00 Total Assets $863,518.90 (+628) Liabilities House Financing $252,971 (-846) Mortgage $65,288.12 (-796.16) Personal Financing $30,379.17 (-366.09) Total Liabilities $348,638.29 (-5,257.24) Net Worth $514,880.61 (+6,385.24) Total Assets increase is +628 as per usual each month which are deposits to TAP and SCP retirement accounts. Total Liabilities decreases should average 6,000.  This month it … Continue reading "April 2018 Net Worth Update" ...
Posted:
Assets Retirement $60,890.90 (+628) Investments $12,000.00 Houses $790,000.00 Total Assets $862,890.90 (+628) Liabilities House Financing $253,817.00 (-846) Mortgage $66,084.28 (-757.98) Personal Financing $30,745.26 (-382.84) Naqd Financing $3,748.99 (-6086.01) Total Liabilities $353,895.53 (-8072.83) Net Worth $508,495.37 (+8700.83) Total Assets increase is +628 as per usual each month which are deposits to TAP and SCP retirement accounts. Mortgage in July 2018 the … Continue reading "March 2018 Net Worth Update" ...
Posted:
Assets Retirement $60,262.90 Investments $12,000.00 Houses $790,000.00 Total Assets $862,262.90 (+624) Liabilities House Financing $254,663.00 Mortgage $66,842.26 Personal Financing $31,128.10 Naqd Financing $9,835.00 Total Liabilities $362,468.36 (-2,983) Net Worth $499,794.54 (+3,608) Total Assets increases will be +628 this year due to payments to retirements accounts TAP and SCP.  It will be like this for awhile until all debts … Continue reading "February 2018 Net Worth Update" ...
Posted:

Testimonials

"This is one of the best, most informative personal finance web sites I've ever seen"

-- Daffy Duck, DaffyIsSoTaffy.com

"This guy clearly knows his shit; with every post, I feel like he's got my back as one of those "savers", and his web site is pretty damn cool, too"

-- Scuba Steve, MyScubaGearIsSoWet.com

Leave a Comment

To leave a comment about this blog, fill out the following form.