Mid-Year Finance Stocktake - Total net worth: $256k
I remembered (actually I didn't, only realised when I looked through my blog posts), blogging about my "achievements" in 2016 at the start of the year. For the past half year, things was rather smooth-sailing. Work was ok, I had a 10% increase in my salary, bonus was decent considering the market outlook now, and I've also added in a few stocks to my portfolio....of which only Keppel Reits earned me some money. The rest were disappointing but thank god I won't lose my sleep or sanity over the losses.
Truth be told, I haven't been monitoring my finances. I've been lazy keying in my daily expenses. Previously, I was diligently clocking what I spent and monitoring my budget because of my eagerness to hit $100k. Now that that's fulfilled, my next goal is to hit $200k in cash savings by 28. I seem to have lesser motivation to keep track of my monies now. But here's a breakdown of my inflows and outflows based on what I managed to track:
Over the past half year, my total spends stood at around $17000. That seems a lot considering I'm a single lady living with my parents. The breakdown is as follows:
- Food expenses: around $2k
(I've been paying a lot of the meals with my credit card to get cashback but there are times when I don't hit the minimum spendings)
- Shopping expenses: around $12k
bkk air tix and 1 jb hotel stay
online shopping - may have to curb my spendings a bit, but I swear I've been buying useful and value-for-money items!
- Allowances to parents: $3k
My earnings stood at slightly less than $4k. Earnings include money gained from interests, dividends, I counted money my bf owed me for our joint acct here as well and...ang bao money :)
Now here's a rough overview of my current finances:
In terms of insurance coverage, these are what I have:
- Death - $200k
- C.I - $100k
- Early C.I - $100k