New year, new goals! This year I would like to save and invest at least SGD 105,000. The goal is not having to work for money – aka financial independence by 2027 – just before my 45th birthday.
January expense report
| January expenses | |||
| Category | EUR | SGD | USD |
| Clothes | -388 | -586 | -422 |
| Groceries | -387 | -585 | -421 |
| Eating out | -328 | -496 | -357 |
| Car | -314 | -474 | -342 |
| Stuff | -239 | -361 | -260 |
| Cleaning & Ironing | -203 | -307 | -221 |
| Other | -182 | -275 | -198 |
| Utilities | -168 | -254 | -183 |
| Eyes, Hair, Health | -162 | -245 | -176 |
| Travel | -123 | -186 | -134 |
| Entertainment | -120 | -181 | -131 |
| Gifts | -107 | -162 | -116 |
| Uber | -65 | -98 | -71 |
| Business | -59 | -89 | -64 |
| Canteen | -35 | -53 | -38 |
| Charity | -10 | -15 | -11 |
| Bars | 0 | 0 | 0 |
| Total | -2,890 | -4,367 | -3,145 |
In January I spent SGD 947 on things, including SGD 586 on clothes. This is an atypical month, as I bought clothes for the year during the winter sale period.
Saving rate in January was just 58%. Not exactly great, but it is bound to increase. The salary increase from my recent promotion will come soon and I am also getting back some exchange rate losses from the company.
Would be happy about a saving rate >70% in 2020.
Portfolio update
In Janury portfolio decreased by SGD 3,533 to SGD 472,457 (~USD 337,000). Fresh investments of SGD 7,331 were offset by paper losses of SGD 10,864.
Investments vs. plan
I invested SGD 7,331 into my portfolio which was slightly more than planned (SGD 7,200).
Dividends received
SGD 1,375.
Hypothetical monthly income
SGD 1,575.
Outlook
New job after promotion is challenging but exhausting. I rather have it than the drudgery before, so I cannot complain. Personal life remains a bit chaotic, but things should be better soon.