Personal Passive Income and Expenses Monthly Report - October 2016

Hi Everyone,

This month was a good month for me because I manage to save more money due to my increment. It was certainly a good jump in my salary and poof! my saving increase from 76% to 79%! I did not clear any of my goal and at the same time, I cleared my wedding ring installment! (Which means my expenses will go down by $450 per month!)

This post will be a very short one because this is another month whereby I did not keep track of my expenses. The reason is because there are too many things to handle and due to the tight schedule, I did not manage to monitor my expenses. (Probably for the next 2 months as well)

Not to worry, I will start tracking my expenses in 2017! A brand new year with a brand new goal! (Property!)

As for my passive income, well, it's constantly increasing which I believe I can hit $2,000 mark by December 2016!

150K progress - October 2016

As of now, my savings is around 79%. 21 more percent to go before I hit my target, which boils down to around $31,500 more to go!

Conclusion - October 2016

3% jump is indeed a huge jump but the coming month will be a tough one for me because of the wedding expenses kicks in. So might see a drop in next month's saving progress report. But wedding is a once in a lifetime thing, so who cares! (push it till December 2016, where my bonus comes in)

POSB Cashback Bonus

Hi Everyone,

I believe most of you have heard about POSB Cashback Bonus program introduce by POSB (obviously). After reading the requirements online, I find that this might be a good way for me to earn some cashback if I buy my property next year and get a loan from POSB. If I manage to do that I think this will be an additional passive income for me!

The requirement as shown in the picture below

So if I were to get it, I will be aiming for these three requirements, 1) Credit Card, 2) Home Loan Installment (condo loan) and Investment (Invest Saver). 

I did a rough calculation (Just an estimation)

Spending $100 - Credit Card

Home Loan $1800 per month

Investment - $200 per month

With the above, I can earn about $36 per month, which I think is good. Because with this $36, it is another avenue where I can earn additional income and use it to save up for my investment. So if you have home loan and intend to do some investment (invest saver), do try this out. With this small amount of investment and spending (credit card), coupled with home loan, make use of this to earn more!

Certainly, if this program still available (mid of 2017 or late 2017), I will certainly go for it!

Personal Passive Income and Expenses Monthly Report - September 2016

Hi Everyone,

This post might not contain much information regarding my expenses because I was too busy this month with my wedding preparation that I did not keep track of my expenses. On top of that, I guess I over spend too much this month as well which is due to wedding expenses.

For my personal target, I have cleared my passive income of $1,500 in the year of 2016! Another target down. Hopefully I can hit $2,000 worth of passive income by the end of this year. (Probably should add that in!)

And this is the result of my current passive income for the year 2016! Although it is still quite little to some of you but I am slowly building up my passive income starting next year and more results can be seen.

150K progress - September 2016

As of now, my savings is around 76%. 24 more percent to go before I hit my target, which boils down to around $36,000 more to go!

Conclusion - September 2016

Even though I manage to hit one of my personal goals in September 2016, but the savings for this month is pretty low, only manage to increase the savings by 1% (for 150k target). Hopefully I can save more in October (aim to save around 2.5k if possible).

Personal Passive Income and Expenses Monthly Report - August 2016

Hi Everyone!

This post might come a bit early but just two days won't make any much difference. I just got my recent salary increment, which is around $200, feel very happy because an increment is an increment, and I have hit my targeted salary, making $4,000 per month!

One target achieved, 4 more to go! 

Secondly, I just received $64 worth of dividends from Singtel, which is a good thing and this raise my passive income in 2016 to $1,405.65! Well, it might be little, but my actual investment journey starts mid of next year (after I purchase my first property).

I am on my way to hit my goal for myself of generating $1,500 worth of passive income before I hit 28 years old. My investment is still float above $3,000 for now, generating around 4.2% dividend yield per year I guess.

Savings and Expenditure - August 2016

Based on the graph below, my expenses break down are as below (pretty much the same as last month) - but the good thing is that all the target are green! I didn't exceed any of the category:

1) Travel: $120 (Planned) VS $120 (Actual) - I bought adult concession so the amount is fixed

2) Food (Weekday): $160 (Planned) VS $122.20 (Actual)

3) Bills: $120 (Planned) VS $65.13 (Actual) 

4) Entertainment: $120 (Planned) VS $119.75 (Actual)

5) Others: $580 (Planned) VS $511.00 (Actual)

Overall: $1,100 (Planned) VS $938.08 (Actual)

150K progress - August 2016

As of now, my savings is around 75%. 25 more percent to go before I hit my target, which boils down to around $37,500 more to go!

Conclusion - August 2016

My expenses is under controlled, but hard to say for the next few months because of my wedding expenses. Well, $37,500 more to goal to hit my target, hope I will achieve that goal at the mid of 2017. I believe my passive income will generate around $160 per month by the end of this year. 

Also, very happy that I achieve one of my goal which is hitting $4,000 monthly income and hope I can reach my target soon enough! Can't wait to buy my first property and start my investment journey full time!