<![CDATA[budgeting - how?]]>do any of u guys do mthly budgeting?


how to do? any formula or spreadsheet?

i dont. just keep counting the cts n $ when spending time
sometimes not sure whr to spend or not cos not sure if spend too much that mth

]]>https://forum.kiasuparents.com/topic/16873/budgeting-howRSS for NodeSat, 25 Apr 2026 01:34:02 GMTTue, 07 Dec 2010 17:18:22 GMT60<![CDATA[Reply to budgeting - how? on Wed, 22 Apr 2015 07:40:32 GMT]]>

sleepy:
Jennifer:

I opened a POSB eMysavings account today. Interest rate is 2% for amount $300 to $x monthly savings.


http://www.posb.com.sg/personal/rates-o ... rates.page


website indicate 0.2 but didn't say per month or per annum

Bank officer told you 2%?

Must be per annum. Not possible per month.

]]>https://forum.kiasuparents.com/post/1494247https://forum.kiasuparents.com/post/1494247Wed, 22 Apr 2015 07:40:32 GMT<![CDATA[Reply to budgeting - how? on Wed, 22 Apr 2015 05:45:28 GMT]]>

Jennifer:
I opened a POSB eMysavings account today. Interest rate is 2% for amount $300 to $x monthly savings.


http://www.posb.com.sg/personal/rates-o ... rates.page

website indicate 0.2 but didn't say per month or per annum

Bank officer told you 2%?

]]>https://forum.kiasuparents.com/post/1494190https://forum.kiasuparents.com/post/1494190Wed, 22 Apr 2015 05:45:28 GMT<![CDATA[Reply to budgeting - how? on Wed, 22 Apr 2015 02:03:04 GMT]]>

Peiqi01:
i'm the more traditional, open a account with no IB or net or card withdrawal facilities, with only a bank passbook.
😄

I opened the eMysavings and opt not to have ATM card.

I think most bank accounts do not offer passbook anymore, go paperless.

]]>https://forum.kiasuparents.com/post/1494012https://forum.kiasuparents.com/post/1494012Wed, 22 Apr 2015 02:03:04 GMT<![CDATA[Reply to budgeting - how? on Wed, 22 Apr 2015 01:48:51 GMT]]>i’m the more traditional, open a account with no IB or net or card withdrawal facilities, with only a bank passbook.


I will withdraw 30% income into account. In this way i have no way to spend this sum of money unless I go down personally to bank to withdraw. Till now this method work for me, I’ll will go down once a year to bank to withdraw money for investment, or else I will not touch money unless for emergency.

Hope u guys find my method useful:)

]]>https://forum.kiasuparents.com/post/1493999https://forum.kiasuparents.com/post/1493999Wed, 22 Apr 2015 01:48:51 GMT<![CDATA[Reply to budgeting - how? on Wed, 22 Apr 2015 01:06:34 GMT]]>

schweppes:
POSBank does not offer SAYE account anymore. The (e)MySavings a/c replaces SAYE.


I really like the features of SAYE/MS. Treat the MS as a separate savings a/c and not as the main a/c for regular transactions. It's like forced savings and good for people who may not have the discipline to save. Even though one may not earn much but if can put aside even $50 a month, before you know it, would have saved $600 a year.

Some say that it's no different from insurance term policies. But insurance policies are long drawn and there's a penalty for early withdrawal or termination of a/c. So, open an insurance policy for long term savings and planning.

With MS, save as you earn, and can also withdraw anytime if really need the money urgently.... but not to buy shoes or another bag lah. haha
totally agreed.

]]>https://forum.kiasuparents.com/post/1493968https://forum.kiasuparents.com/post/1493968Wed, 22 Apr 2015 01:06:34 GMT<![CDATA[Reply to budgeting - how? on Wed, 22 Apr 2015 00:49:52 GMT]]>POSBank does not offer SAYE account anymore. The (e)MySavings a/c replaces SAYE.


I really like the features of SAYE/MS. Treat the MS as a separate savings a/c and not as the main a/c for regular transactions. It’s like forced savings and good for people who may not have the discipline to save. Even though one may not earn much but if can put aside even $50 a month, before you know it, would have saved $600 a year.

Some say that it’s no different from insurance term policies. But insurance policies are long drawn and there’s a penalty for early withdrawal or termination of a/c. So, open an insurance policy for long term savings and planning.

With MS, save as you earn, and can also withdraw anytime if really need the money urgently… but not to buy shoes or another bag lah. haha

]]>https://forum.kiasuparents.com/post/1493960https://forum.kiasuparents.com/post/1493960Wed, 22 Apr 2015 00:49:52 GMT<![CDATA[Reply to budgeting - how? on Tue, 21 Apr 2015 23:45:49 GMT]]>

starlight1968sg:
Is this similar to Save As You Earn a/c available in POSB many years ago?


I dun think so. Save as you earn is a pure savings acct, cannot do banking transactions, if I remember correctly.

The eMysavings can do withdrawal, Internet banking.

Btw, POSB does not offer Save as you earn anymore. I saw this on its website, unles I see wrongly 😂

]]>https://forum.kiasuparents.com/post/1493929https://forum.kiasuparents.com/post/1493929Tue, 21 Apr 2015 23:45:49 GMT<![CDATA[Reply to budgeting - how? on Tue, 21 Apr 2015 23:08:26 GMT]]>Is this similar to Save As You Earn a/c available in POSB many years ago?

]]>https://forum.kiasuparents.com/post/1493909https://forum.kiasuparents.com/post/1493909Tue, 21 Apr 2015 23:08:26 GMT<![CDATA[Reply to budgeting - how? on Mon, 20 Apr 2015 11:55:42 GMT]]>

starlight1968sg:
Jennifer:

I opened a POSB eMysavings account today. Interest rate is 2% for amount $300 to $x monthly savings.


http://www.posb.com.sg/personal/rates-o ... rates.page

This way, I have a separate account for own savings.

My current POSB account is tied to various giro payments.

Finally I have si fang qian :rotflmao:

Congrats to your si fang qian. Next step is how to grow it.


😂 every month auto deduct from the existing account to this eMysavings account.

]]>https://forum.kiasuparents.com/post/1493239https://forum.kiasuparents.com/post/1493239Mon, 20 Apr 2015 11:55:42 GMT<![CDATA[Reply to budgeting - how? on Mon, 20 Apr 2015 11:48:26 GMT]]>

Jennifer:
I opened a POSB eMysavings account today. Interest rate is 2% for amount $300 to $x monthly savings.


http://www.posb.com.sg/personal/rates-o ... rates.page

This way, I have a separate account for own savings.

My current POSB account is tied to various giro payments.

Finally I have si fang qian :rotflmao:
Congrats to your si fang qian. Next step is how to grow it.

]]>https://forum.kiasuparents.com/post/1493232https://forum.kiasuparents.com/post/1493232Mon, 20 Apr 2015 11:48:26 GMT<![CDATA[Reply to budgeting - how? on Mon, 20 Apr 2015 09:50:42 GMT]]>

atrecord:
Jennifer:

I opened a POSB eMysavings account today. Interest rate is 2% for amount $300 to $x monthly savings.


http://www.posb.com.sg/personal/rates-o ... rates.page

This way, I have a separate account for own savings.

My current POSB account is tied to various giro payments.

Finally I have si fang qian :rotflmao:

huh, 2% so good? Where? Can't find it in the web page leh...


http://www.posb.com.sg/personal/rates-o ... rates.page

Google posb deposit rates

]]>https://forum.kiasuparents.com/post/1493188https://forum.kiasuparents.com/post/1493188Mon, 20 Apr 2015 09:50:42 GMT<![CDATA[Reply to budgeting - how? on Mon, 20 Apr 2015 09:44:42 GMT]]>

Jennifer:
I opened a POSB eMysavings account today. Interest rate is 2% for amount $300 to $x monthly savings.


http://www.posb.com.sg/personal/rates-o ... rates.page

This way, I have a separate account for own savings.

My current POSB account is tied to various giro payments.

Finally I have si fang qian :rotflmao:
huh, 2% so good? Where? Can't find it in the web page leh...

]]>https://forum.kiasuparents.com/post/1493179https://forum.kiasuparents.com/post/1493179Mon, 20 Apr 2015 09:44:42 GMT<![CDATA[Reply to budgeting - how? on Mon, 20 Apr 2015 09:14:04 GMT]]>I opened a POSB eMysavings account today. Interest rate is 2% for amount $300 to $x monthly savings.


http://www.posb.com.sg/personal/rates-o ... rates.page

This way, I have a separate account for own savings.

My current POSB account is tied to various giro payments.

Finally I have si fang qian :rotflmao:

]]>https://forum.kiasuparents.com/post/1493153https://forum.kiasuparents.com/post/1493153Mon, 20 Apr 2015 09:14:04 GMT<![CDATA[Reply to budgeting - how? on Mon, 20 Apr 2015 09:06:20 GMT]]>Pass by Monsoon @ Bt Timah Plaza, having a promo of $21 hair cut by senior stylist as they are celebrating x years of opening.

]]>https://forum.kiasuparents.com/post/1493146https://forum.kiasuparents.com/post/1493146Mon, 20 Apr 2015 09:06:20 GMT<![CDATA[Reply to budgeting - how? on Wed, 08 Apr 2015 12:21:59 GMT]]>

zbear:
starlight1968sg:

When I pop nuggets into the mini-oven, I put as many as possible. The left over can be saved for the next meal. In this way, I \"save\" electricity and effort.



U mean - next meal on the same day?

Won't it be cold by the time u hv it for the next meal?

Sometimes it is the next dinner.
I save some in a tupperware and put it in a fridge. The next meal, I take it out from the fridge well before the meal, by then it would be at room temp.

]]>https://forum.kiasuparents.com/post/1487000https://forum.kiasuparents.com/post/1487000Wed, 08 Apr 2015 12:21:59 GMT<![CDATA[Reply to budgeting - how? on Wed, 08 Apr 2015 12:20:44 GMT]]>

starlight1968sg:
When I pop nuggets into the mini-oven, I put as many as possible. The left over can be saved for the next meal. In this way, I \"save\" electricity and effort.


U mean - next meal on the same day?

Won't it be cold by the time u hv it for the next meal?

]]>https://forum.kiasuparents.com/post/1486997https://forum.kiasuparents.com/post/1486997Wed, 08 Apr 2015 12:20:44 GMT<![CDATA[Reply to budgeting - how? on Wed, 08 Apr 2015 12:18:36 GMT]]>When I pop nuggets into the mini-oven, I put as many as possible. The left over can be saved for the next meal. In this way, I "save" electricity and effort.

]]>https://forum.kiasuparents.com/post/1486993https://forum.kiasuparents.com/post/1486993Wed, 08 Apr 2015 12:18:36 GMT<![CDATA[Reply to budgeting - how? on Tue, 07 Apr 2015 05:20:27 GMT]]>

mummychua:


for sahm, how do you all divide the household expenses with your hub? does your hub give you an allowance?
We never sit down to discuss money. Just somehow work out like that. Did not divide household expenses. Actually, I did not share household expenses even when I was working. I used my salary to pay for our vacations and home renovation. Basically big ticket items. Of course after stopping work, expensive vacation is the component we scaled down immediately

He gave me supplementary cards when we were dating so no difference after we got married. I charge all expenses to supplementary cards. I'm not a big spender. In fact, between dh and I, I am more prudent in spending
For cash allowance, it was on ad hoc basis. Dh withdrew $500 cash each time in case there's expenses requiring cash. Replenish as and when. That was 12 years ago when I just began to stay home. We have a different arrangement now

]]>https://forum.kiasuparents.com/post/1486454https://forum.kiasuparents.com/post/1486454Tue, 07 Apr 2015 05:20:27 GMT<![CDATA[Reply to budgeting - how? on Tue, 07 Apr 2015 03:10:10 GMT]]>

mummychua:
i'm planning to be a sahm in another 1.5yr time when my dd starts pri1.


any tip to start planning for my \"retirement\"?

for sahm, how do you all divide the household expenses with your hub? does your hub give you an allowance?
If you won't have an income, then I suppose your husband will have to bear the expenses? Or are you planning to use your savings? For my husband and myself, we always held our finances in common and so the issue never arose. I spend from the joint account, and we have an agreement that spending on non-regular items above a certain sum will be discussed with the other first. However, this may not be the best solution for every couple, especially if your spending patterns are quite different.

]]>https://forum.kiasuparents.com/post/1486401https://forum.kiasuparents.com/post/1486401Tue, 07 Apr 2015 03:10:10 GMT<![CDATA[Reply to budgeting - how? on Tue, 07 Apr 2015 02:58:05 GMT]]>You have to discuss this carefully with your dh. It can be a very sensitive issue in some households. If he is supportive of your decision to be a SAHM, it should not be a big issue. If he has a "as long as it does not affect me" attitude, tread carefully.

]]>https://forum.kiasuparents.com/post/1486399https://forum.kiasuparents.com/post/1486399Tue, 07 Apr 2015 02:58:05 GMT<![CDATA[Reply to budgeting - how? on Tue, 07 Apr 2015 02:32:20 GMT]]>i’m planning to be a sahm in another 1.5yr time when my dd starts pri1.


any tip to start planning for my "retirement"?

for sahm, how do you all divide the household expenses with your hub? does your hub give you an allowance?

]]>https://forum.kiasuparents.com/post/1486392https://forum.kiasuparents.com/post/1486392Tue, 07 Apr 2015 02:32:20 GMT<![CDATA[Reply to budgeting - how? on Mon, 06 Apr 2015 11:31:57 GMT]]>

zbear:
Singapore is so ex, its cheaper to go away on a holiday than stay in Singapore for a holiday.

I think overseas hols has almost become a must for many.
It is just a matter of long vs short, near vs far hols.
I think a DIY tour should be cheaper than a package tour.
For DIY tours, we can save on accommodations and meals.

]]>https://forum.kiasuparents.com/post/1486216https://forum.kiasuparents.com/post/1486216Mon, 06 Apr 2015 11:31:57 GMT<![CDATA[Reply to budgeting - how? on Mon, 06 Apr 2015 11:29:09 GMT]]>Singapore is so ex, its cheaper to go away on a holiday than stay in Singapore for a holiday.

]]>https://forum.kiasuparents.com/post/1486215https://forum.kiasuparents.com/post/1486215Mon, 06 Apr 2015 11:29:09 GMT<![CDATA[Reply to budgeting - how? on Mon, 06 Apr 2015 05:44:13 GMT]]>Alternating between long and short holidays is definitely a good idea.

]]>https://forum.kiasuparents.com/post/1486109https://forum.kiasuparents.com/post/1486109Mon, 06 Apr 2015 05:44:13 GMT