Expenses - June 2020

 

Total - S$2,150.73

June 2020 saw Singapore head into Phase 2 of reopening post circuit breaker measures, which meant the lifting of certain dining in curbs and socialising prohibition measures.

This led to a slightly higher increase of monthly expenses to S$2,150.73. Though if you take out a one-off annual expense of S$742.67, this is S$1,408.06 instead, which is roughly in line with May 2020's numbers. 

Largest category was Insurance premiums at S$742.67. This was attributed to my H&S insurance with Prudential. I purchased this insurance back in 2014, and have saw premiums exponentially creep up. At this point, given I have the policy riders where it's nil co-pay and nil (or limited) excess in place, I've decided to keep this for the time being, as I understand these riders have been discontinued due to blatant abuse going on over the last couple of years. 

Second largest category was Eating Out at S$652.17. Managed to satisfy some dining out cravings when Phase 2 came into play towards the end of the month, thus the slight creep from May 2020. 

Third largest category was technology at S$372.89. Bought myself a set of wireless earbuds and wireless mouse and keyboard. Also purchased a small toaster oven for the family. 

I burned through 53.8% of my monthly budget of S$4,000 this month. Guess all the savings are coming from the lack of spending on travelling and I do believe there might be room to lower the budget on a sustained basis but let's see. 

In any case, I'm pretty sure I'll end up with a lower annual spend for the 2nd year of F.I.R.E as compared to my 1st.