Club SAHM
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sleepy:
Do u think this 危机感 has got something to do with you being a Sahm? For me, it certainly is! I tried being a Sahm for a short period before. During that period, I was super thrifty (to begin with, I am quite thrifty by nature. Almost Everything I spend must have value). I would walk to the neighbourhood central for grocery shopping just so that I save less than $2 on two way bus fare. My hubby thought I must be nuts :rotflmao:I have severe 危机感, even more so after I quit my job and our household income reduced by half. Always feel savings growing at snow snail speed & insufficient for our retirement. Dh used to be easily satisfied. If got 6 months reserve he would be happy while I look at the same amount & totally freak out. But I think my 危机感 is contagious so he kind of see my point after all these years
Not investing at all at this point. I think everything is overpriced. -
Imami:
I am very thrifty too, when I just become a SAHM. Although I did drive, the car was sold off after 6 months of being SAHM. (I own a car and my DH had his own car due to our career, we paid for our own car). Since I have to ferry my kids to childcare, pri sch at that time, I bought a bicycle and send them using the bicycle. 2 kids will sit on the bicycle while I cycle. When we went to the kids' CCA, we used to take MRT, n walk with 3 kids.
Do u think this 危机感 has got something to do with you being a Sahm? For me, it certainly is! I tried being a Sahm for a short period before. During that period, I was super thrifty (to begin with, I am quite thrifty by nature. Almost Everything I spend must have value). I would walk to the neighbourhood central for grocery shopping just so that I save less than $2 on two way bus fare. My hubby thought I must be nuts :rotflmao:sleepy:
I have severe 危机感, even more so after I quit my job and our household income reduced by half. Always feel savings growing at snow snail speed & insufficient for our retirement. Dh used to be easily satisfied. If got 6 months reserve he would be happy while I look at the same amount & totally freak out. But I think my 危机感 is contagious so he kind of see my point after all these years
Not investing at all at this point. I think everything is overpriced.
4 yrs down the road, I felt that I am too thrifty and get miserable. Cos I am the one that is trying to save whereas DH is still spending. ( cos he is working and he claim he need to spend to feel good).
Now, I don't really care about the small $. If it is raining, and I could not use the bicycle, then we will take taxi. If it is too hot, we take taxi to the CCA too. And I feel happier in this way. -
ngl2010:
Only $297 per month. CPF will credit $297 per month to your parents-in-law's bank account until $7,000 is depleted. However, if your husband top-up $3500 to his mother's CPF account and $3500 to his father's CPF account, his mother will get $297 per month and his father will get $297 per month too. Please note that if your husband's sibling(s) already claim this tax deductible CPF top-up for your parents-in-law, your husband cannot claim anymore.
Hi, just to clarify, putting in $7000 per year is around $583 per month. But will CPF credit the full amount or just $297 per month?SAHM Chew:
[quote=\"ngl2010\"]
Topping up parent's CPF is tax deductible for up to $7,000 per year. Depending on your DH's tax bracket, this could translate to savings of about $1,000 per year. Your parents-in-law will get $297 per month credited by CPF directly to their bank account (POSB, etc). If you usually give more to your parents-in-law, you can give the rest in cash. I found that this CPF scheme is useful. It is a win-win with our parents-in-law.
Please check with CPF before you do this. The draw down amount may differ. Your parents-in-law's age and the amount they still have in CPF may affect the amount and timing of the draw down.[/quote]Thanks for the info.
Since DH has quit, til he find another high paying job, don't think he will consider this route as he rather trouble himself than his parents. (Mil does not carry any ATM card, and refused to carry a hp). -
:spank: Oh no! I think I am starting to feel the guilt. I'm not thrifty by nature. I need to reflect
I spend but I save too. So far this month, I spent $400 on personal expenses (meals/skincare/transport). Does it look too much by thrifty standards? Can share saving tips? -
I am WAHM, my personal expenses are not that high. Probably around $200-300 a month if no dental /medical visit.
But I spend about $1000 a month on average or more on my family. All the frills and extras. -
ammonite:
I'm working as full time tutor. Multiple lessons (3-6 lessons daily except Tuesday). Argh. Seeing how little u spend on personal expenses makes me guilty. :frustrated:I am WAHM, my personal expenses are not that high. Probably around $200-300 a month if no dental /medical visit.
But I spend about $1000 a month on average or more on my family. All the frills and extras. -
Oh no, I don’t think $400 is a lot at all. Especially if you have to travel and eat out etc. I am simply not out a lot, and when I am it’s usually outings with the kids.
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TheAnswer:
I'm working as full time tutor. Multiple lessons (3-6 lessons daily except Tuesday). Argh. Seeing how little u spend on personal expenses makes me guilty. :frustrated:
You are not a SAHM! So it's hard to compare. When I was working, time was more precious to me than money a lot of the time - I wouldn't begrudge higher prices if I could get something more conveniently, or taking taxis when I needed to get somewhere. As a SAHM, I value my time according to the no. of things I need to get done - I will spend more to save time if it's a busy period rather than get super-stressed and probably take it out on my family, but will save money (at the expense of time) if I have more time. -
Imami:
Always got 危机感 ever since I was a child because I kept hearing my mum said money not enough. I dare not burden my parents with unnecessary expenses so I kind of got used to pondering very hard first before buying anything ever since I was a child and this habit carried into adulthood.
Do u think this 危机感 has got something to do with you being a Sahm? For me, it certainly is! I tried being a Sahm for a short period before. During that period, I was super thrifty (to begin with, I am quite thrifty by nature. Almost Everything I spend must have value). I would walk to the neighbourhood central for grocery shopping just so that I save less than $2 on two way bus fare. My hubby thought I must be nuts :rotflmao:sleepy:
I have severe 危机感, even more so after I quit my job and our household income reduced by half. Always feel savings growing at snow snail speed & insufficient for our retirement. Dh used to be easily satisfied. If got 6 months reserve he would be happy while I look at the same amount & totally freak out. But I think my 危机感 is contagious so he kind of see my point after all these years
Not investing at all at this point. I think everything is overpriced.
Dh always said I very 'meow' one, very hard to get clearance from me to buy (unnecessary) stuff he wants. Sometimes he would complain that he can't even spend his own money freely like upgrading his golf set, playing golf at full price (because I expect him to utilise credit card tie up price when playing golf but those need to book way in advance hence less flexible)
Yes, I think we are alike in the thinking 'spend must have value'
I tried to save on the big ticket items only because I do have another trait which is 'nua'. This laziness trait is much much more prominent than my 'meow' trait so I confirm too lazy to walk a distance to save money or compare price at different super markets.
I will buy most groceries from ntuc although I make sure I got credit card discount and ntuc membership rebates points. Old habit :evil: -
TheAnswer:
Actually I don't keep track of my personal expenses at all. My method is to think through first before buying anything.:spank: Oh no! I think I am starting to feel the guilt. I'm not thrifty by nature. I need to reflect
I spend but I save too. So far this month, I spent $400 on personal expenses (meals/skincare/transport). Does it look too much by thrifty standards? Can share saving tips?
I signed a facial package recently. Price okay, location okay. And I do need one. So to me, that's fine since I've thought it through carefully (& negotiated hard) before signing.
For meals, I only go restaurants with dh. Still add up to a lot since quite frequent so I tried to use discount cards whenever possible. With kids, we only go food court or food centers. Too expensive to dine at restaurants if bring kids along. For kids I only bring them to those with student meals.
Transport wise, I don't take taxi. Will take public transport if not driving. And look out for cheapest parking if possible. But then I'm lazy if need walk too far... sigh these conflicting traits of mine
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