Monthly financials 1021

Monthly Financials – October 2021

Here are my monthly financials for October 2021.

Financials 102021

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

Merch Sales – S$98

I received US$73.50 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$65.12

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

Other – S$44.02

This is the payment of allowance from attending two sessions of NS FIT. This is the first time I tried FIT@HPB Quick HIIT as there is a location that is only 5-10 minutes walking distance away from my house. For the past years I have always went to the FCCs to clear my IPT but the FCC is located freakishly far.

There is way less waiting time for FIT@HPB Quick HIIT as they start and end on time. You just have to scan a QR code with the trainers to inpro and outpro using the Healthy365 app. The Quick HIIT sessions are really intensive though. It is basically non-stop action with only 1 -2 minutes between sets.

If you go to the FCC, there is a lot of waiting time before starting as there is a long briefing and they don’t start on time. I would still need to go to the FCC to attempt IPPT for 1 out of the 10 sessions.

Half-day salary based on your rank will be paid about 8-9 days after your session.

There are different kinds of NS FIT.

  • FIT@FCC
  • FIT@Park
  • FIT@HPB Quick HIIT
  • FIT@SAFRA Gym
  • FIT@Home

I didn’t try FIT@Home as I am unable to jump around at home without getting a neighbour complaint.

Do leave a comment with your experiences if you have tried any of the other types of NS FIT as the other locations.

Top 3 Expense Sources

Investment – S$200

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

Insurance – S$134.24

This month I paid for my integrated shield plan from Great Eastern. I paid for my mother’s insurance last month. This also includes a S$6.24 payment for Aviva’s term life and personal accident insurance.

Groceries – S$50.08

Bought groceries from Giant, NTUC and Don Don Donki. I like to buy salmon fish skin at S$3.90 from Don Don Donki to have a cheap fix of salmon.

CLL’s Infrequently Curated Videos

I will start sharing videos in my monthly financials post that I find interesting.

Understanding Human Behaviours From The Perspective of Science

Came across this interesting video talking about how human behaviour ties in with science, logic and statistics. The guest lecturer is the Taipei Mayor and was a professor and doctor at the National Taiwan University Hospital. The video is in Chinese but there are English subtitles for those that need them.

How Do You Make Perfect Scrambled Eggs At Home?

Make decent scrambled eggs by following a few instructions. You basically control the heat, agitation and added ingredients to create the dish. Ethan explains why and how each step methodically affects the final dish in all of his recipes. Although he started uploading videos in 2018, his videos only started gaining major traction in early 2020. His videos are easy to follow and enjoyable as he is very knowledgeable and concise.

Is Your Privacy An Illusion?

Our privacy has been slowly eroded especially when everything is digital and we cannot see companies physically skimming through our data as compared to olden times when people had to physically look through the papers in your house. In exchange for using services for free, we are providing our data for companies like Google and Facebook. Is it time to start doing something about it?

There is a group of people trying to build something to better protect our data via end to end encryption and hopefully change the landscape where Google and Facebook have to rethink their business model when they no longer have access to our personal data trove.

Leaked Documents Expose Facebook

Speaking about privacy, we have a whistleblower leaking Facebook’s internal documents showing that they ignore making the platform safer in the pursuit of profits. The whistleblower has likened Facebook’s products to be like cigarettes for teenagers. Their leaked documents also state that tweens (ages between kids and teens e.g. 9-12) are a ‘valuable but untapped audience’.

To some countries and people, Facebook is literally their internet where they get all their information from. This has been exploited by malicious actors by promoting misinformation and stoking hate within communities.

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.

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

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