November 2018 Income, Expenses and Savings

(3 Minute Read. Enjoy!)

At the end of every month, I grab a cup of piping hot coffee, and sit down in front of my laptop to finalise my monthly income, expenses, and savings. Without further ado, here are the numbers.


Thoughts on My Income:

I didn’t tutor students at all this month, so one of my income streams disappeared completely. I’m fine with that though, it was nice to have a break from the constant hustling 🙂

I usually get about $80 a month of interest income from a high-interest-yielding bank account. This month, however, I invested a significant amount of cash into stocks. Next month onwards, I expect my interest income to drop to $30 a month. But I’m good with that as well, because my dividend income (paid out twice-yearly) will definitely increase. I’ll keep you updated!


Thoughts on My Expenses and Savings:

I spent a lot more on food this month ($295) than I usually do ($200). I couldn’t resist but snap up some super good bargains floating around online. I plan to do up a blog post on this soon so stay tuned for that!

Other than that, I didn’t have any expenses out of the ordinary. I’m happy to report that I didn’t buy a single thing from the Black Friday and Cyber Monday sales 🙂 I learned my lesson after impulse-buying a pair of earphones last month.

My savings rate dropped by quite a bit, but that’s due to the drastic decrease in income, not because I had spent more.


The Progress I’ve Made:

1 month to go, 10% left. I’m expecting a 1-month bonus in December so I’m expecting to hit my savings goal for this year 🙂


And That’s it for this Month’s Income and Savings Report!

I try to maximise the use of visuals (charts) and minimise my random musings, to keep these reports as simple as possible.

Hopefully, you enjoyed this or took something away from this.

The plan is to do up regular monthly income and savings reports. These monthly reports will detail my income, savings, and expenditure every month, down to the nearest $5 or $10. If you’re interested, you can check them out at this link to see how much I’ve saved and the progress I’ve been making.

Thanks for reading!


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    1. Hey MERJ! Yup, if I’m lucky, I get bonuses twice a year. But they’re variable performance bonuses though, so if you don’t perform, you won’t get your bonuses. While I know that I will be getting a 1-month bonus in December, I can’t tell how much I’d be getting next March. But I’ll definitely keep you updated 🙂 Here’s hoping as well!

  1. No need to be sorry. That job of yours has been the vein of your existences for a while and now they’re using you to do more work not in your area for such terribly low money., I personally would not stay. Increase your tutoring work instead for awhile if you can. You have impressive savings for someone so young and it’s compounding away for you.. Depending on that bonus in March on how much it is , needs to be weighed up against the stress and misery your job provides you daily. I think once you leave, which you are planning on anyway, your stress will instantly subside and you will be left with so much freedom and creativity that you deserve to do great things. Can’t wait to hear about the next chapter and hopefully about your future travels.. Follow your heart x

    1. Hi Karena, thank you so much for your kind words. It really makes me happy.

      About the job, I’m due to talk to my boss some time this month regarding my job scope and my pay. To be honest, I’m hoping to stay at least 1 more year to build up more savings before leaving. But you’re right, if they’re expecting me to do more work for this kind of money, I’m certainly not able to stay for much longer. I’ll definitely keep you updated when March rolls around. And also I definitely need to analyse whether it’s worth the stress and misery.

      It means so much to me that you believe in me 🙂 I definitely do hope to leave my job and create more. But what I’m worried about is having not enough money to tide me through years of no income. It’s quite a scary thought. About the tutoring, although it’s more fulfilling than my corporate job, it’s more time-consuming and it pays less. I’ve been thinking of turning it down a notch, but I’m still undecided about that. Thanks Karena, you make so many great points, and there are so many things for me to consider and mull over!

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