budgeting - how?
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sleepy:
Yup... I am using this XtraSaver card too. No points but cash rebate which is very handy
Oh, if you prefer debit card, Standard Chartered debit cards give cash rebate. My favourite card right now
XtraSaver rebate you 0.5% for using NETS payment. One trick is to pay all bills via NETS at AXS using this XtraSaver card. So you earn more cash rebate...hahahaha
I also holding MayBank credit card & UOB credit card for cash rebate
MayBank card gave 5% for fastfood, Popular & Cold Storage purchase
UOB One Card give you $30 each quarterly for $300 spend per month
So you can work out accordingly how you want to charge to these cards -
Imp75:
Sorry to gatecrash the thread but I have a relevant question. Is it necessary to contribute to the joint household spending acc based on percentage of income or is it ok to split the contribution equally. My hubby who earns less than me has been urging for the % method but I dont see why the equal contribution doesn't work. He's not living from paycheck to paycheck so therefore whichever method is not causing him any hardship. It merely means less savings than me but which is fair cos he earns less.
My mom said never try to split things 50-50 between a couple. It becomes a bad habit. So even when his salary is much higher than yours next time, he will still expect to split expenses by half. It should be a give and take situation where you pay for some, he pays for some.
My mom believes that men should either take up the bulk of the household expenses or hand over his salary to the wife for her to manage. -
cherrygal:
U must be quite discipline or you earn quite a bit.Why is it necessary to have a monthly budget?
I thought it's ok if our bank balances keep increasing after expenses which means we have savings? No?
Our expenses are very similar each month and we don't splurge. We maintain separate accounts and both keep increasing each month (at least while I was working). I put most of my expenses on credit cards to get points and monitor what I buy, and pay off the bills promptly. Our savings are quite substantial.
So is there still a need to do a monthly budget? :?
We dont cook every weekend. If no budgeting, think we will go to nice resturant for all the meals. Eating out is Singapore is not cheap.
I am quite surprised daddy 2007 consider $15 for a meal luxury. Unless I am mistaken, for 2 people at a foodcourt will set u back around that amount...very close. -
24hr-mum:
So you mean he gave you all his salary?hi daddy2007
i m surprised to find u so disciplined in budgeting. a rare virtue in men.
my hubby doesnt gv me allowance. he basically leaves all domestic matters to me. so thereotically speaking all his $ is mine :（
but seriously i nvr spend unnecessarily cos i m the one who always worry abt no $, being a sahm
Then you have a wonderful husband...lucky you -
cherrygal:
In our household, we contribute to the joint account based on % of salary. My hubby earns significantly more than me so he will contribute more, but that also means he has more left over in absolute terms. We thought this was fair because it would be a heavy burden to expect me to contribute the same amount as he does. I would not have any money left over! (And he thinks I should try to build up my savings in case omething happens to him.) And if we reduced it to just how much was manageable or me, then it would not be sufficient to cover our houshold expenses.Imp75:
Sorry to gatecrash the thread but I have a relevant question. Is it necessary to contribute to the joint household spending acc based on percentage of income or is it ok to split the contribution equally. My hubby who earns less than me has been urging for the % method but I dont see why the equal contribution doesn't work. He's not living from paycheck to paycheck so therefore whichever method is not causing him any hardship. It merely means less savings than me but which is fair cos he earns less.
My mom said never try to split things 50-50 between a couple. It becomes a bad habit. So even when his salary is much higher than yours next time, he will still expect to split expenses by half. It should be a give and take situation where you pay for some, he pays for some.
My mom believes that men should either take up the bulk of the household expenses or hand over his salary to the wife for her to manage.
But I think there is no one right way...each family is unique. One's contributions may not necessarily be in the form of money either. You just have to find the right formula that everyone can live with. Money hasn't been an issue for us and we're not hung up about money. So example, if we eat out and he pays cash, he will not 'charge' it to the household expenses. This helps to reduce the focus on what's yours, what's mine, what's ours...We're all on the same team. -
my hubby n i nvr discuss who pay wat. we just continue existing practices. when i was wkg, if i had been paying for eg tel bill, i continue paying, he continue pub bill, etc. hsehold instatlment was split 40：60
when i quit, i was living on my savings
i nvr ask him for allowance cos he has been paying all hsehold expenses, childcare, his mum allowance n medical
until few yrs later when my saving low, then i start ask to hv access to his atm card/acc, partly cos he kept forgetting to pay credit card bill n always late charge. so i took over all payment and he nvr questions me how i use his atm card
cos he trusts me.
so i believe a couple shd not be too calculative and ideally shd share - afterall we share our bodies, soul n of cos $. n the men shd bear the bulk becos traditionally the men takes care of earning, the wife takes care of kids n household. if both are wkg, the household who takes care? if both not wkg, whre does the provision come from? so each has his or her own roles. but of cos, in reality, if eg the man is a gambler, the woman shd realy keep her own savings becos in divorce cases, usu the woman hv to take care of kids n stimes the women earn less -
24hr-mum:
agree! makes life together a lot easier!
so i believe a couple shd not be too calculative and ideally shd share - afterall we share our bodies, soul n of cos $. -
MummyThreeStreams:
Would you change your mind if say, you have 10x of your hubby's savings?
agree! makes life together a lot easier!24hr-mum:
so i believe a couple shd not be too calculative and ideally shd share - afterall we share our bodies, soul n of cos $. -
EASON MAGPIES:
yap.. $15 is very close margin. a meal for 2 pax in food court will cost about $12 - $14. We do have meal at restaurant once a week to pamper ourselves
I am quite surprised daddy 2007 consider $15 for a meal luxury. Unless I am mistaken, for 2 people at a foodcourt will set u back around that amount...very close. -
wow Daddy2007
You are a very disciplined spender, good job!
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