Monthly financials 0821

Monthly Financials – August 2021

Here are my monthly financials for August 2021.

Financials 082021

It is good to keep track and review your monthly financials so you can be in control of your finances.

Having a fixed income and knowing my expenses will not exceed my budget allowed me to not track my expenses before I left my job. I did not feel a need to track my finances strictly as I know I can control my spending. I only tracked my investments diligently.

Since I will not have a fixed source of income soon, I decided to start tracking my financials starting from January 2021. Money will be tight so I need to be extra prudent. This also helps generate content for my website. 

Top 3 Income Sources

Dividends – S$281.20

I received dividends from Singtel, DBS, and IREIT. Accordia Golf Trust also paid out their final payout after delisting.

Merch Sales – S$139.50

July was a pretty good month and I received 103.39 USD worth of commissions from selling merch on TeePublic and Redbubble. If you like to find out more about selling merch, you can look at an article I wrote here.

Interest – S$118.05

This is made up of the coupon payments from Singapore Savings Bond and interest from Singlife.

Top 3 Expense Sources

Investment – S$200

S$200 of it is my monthly DCA into STI ETF using POSB Invest-saver.

Health – S$90.95

I underwent surgery early this month. The three articles posted before my August 2021 financial update were written in advance as I expected that I am unable to sit in front of the computer to write much.

My full medical bill was covered by my insurance and I even got a S$50 payout as a hospitalization cash benefit. I have to go to the polyclinic to do regular wound check-ups. Most of the amounts paid here will be claimable as post-hospitalization expenses.

The S$10.35 used to buy dressing supplies (e.g. wound medicine, gauze) at the pharmacy cannot be claimed using insurance. Only the amounts on the wound dressing receipt paid to the polyclinic can be claimed.

A typical dressing receipt is made up of dressing service + dressing products. If you have insurance, don’t bring your own dressing products. Let the nurses use the dressing products and charge you on top of the dressing service so you can claim it using insurance. It is also cheaper if they prescribe it to you as compared to buying it at the pharmacy.

For example, a tube of Octenisept wound gel (20ml) costs $8.50 at the pharmacy and if they include it in the dressing service, it is only $5.20 PLUS I can claim from insurance.

I am currently writing on my experience from pre-hospitalization to post-hospitalization and will publish it soon.

Groceries – S$33.94

This is for groceries I bought at NTUC, Sheng Siong, Giant, and Don Don Donki. If you have a craving for salmon, you can a cheap quick fix at Don Don Donki. They sometimes sell packets of salmon fish skin at S$2.90 – S$3.90. The meat to skin ratio is about 50:50 which is quite decent.

Bonus – Stop Hoarding Phones As Spares

My mother found these phones when she was packing her stuff. We like to keep phones in case we need a spare phone. Most of the time, this happens and we discover ancient relics.

consumelesslife stop hoarding phones

Just sell or recycle the phones to remove clutter and the potential fire hazard from your home. Previously, we smelled something burning and we were not able to identify what was burning so we continued watching tv. After a few months, we found a phone with a bloated battery in one of our drawers. It could have caused a fire and we are lucky that it didn’t. We tried selling the white iPhone but the neighbourhood shops didn’t want it.

Bonus – Donating Last Of My SingapoRediscover Vouchers

klook cares srv donation

I donated the last S$30 of my SRV at Klook. If you do not plan on using your vouchers. Please consider donating your vouchers to charity. You can find out how and where to do so here.

Money Manager App

I am using an app called Money Manager to track my income and expenses. It is a free tool available on mobile available on Google Play Store and Apple App Store.

As far as I know, the data collected from the app is for tracking the ads you view and interact with on the app.

Please check out their privacy policy on what information they collect and what is it used for.

Personally, the value this app brings to me outweighs the value of the information I provide to them.

Comment and let me know what you think about tracking your finances.


Check out my Breaking The Marketer’s Code series here.

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