January has been quite a busy week.. Juggling the planning and paperwork of our BTO and also the many exercises that we have to conduct in army. Anyway I’ll be covering my month’s budget, portfolio, and also how the BTO application is going.
I’ve decided to talk about budget first as oppose to portfolio as I believe that how we spend and save our money now will have a larger impact as to how well off we would be in the future.
This month, I have exceeded my initial monthly budgeted spending of $350 by $187.95 (Total Expense: $537.95). The chart below will show that the shopping category have increased quite a lot as compared to last month because of shopping for CNY clothing!! I know, I know this is not an excuse, but.. CNY leh.. Pang chance.. This month, I managed to save 69.6% of my income..
Overall, I managed to increase my Net Worth by $1,461.39 in Jan 18. This amount includes the increase of share prices in my portfolio.More details available over at Budget page!
As you can see from the chart above, you can see that there is a new category, bonds. I received as SMS alert from OCBC that my application of my bond was successful! Yay, new family member to our PKBF portfolio!
Here’s an update on the equities portfolio:
Capital Injected – $10,000
Market Value – $10,483
Amount in KE Trade – $140
Total Gains – $623 (+6.23%)
I’ll be using this formula to calculate my gains for now on for easier tracking. P.S. I mentioned “Amount in KE Trade” is because I’m using Kim Eng Pre-funded Account so the dividends will be credited into the account. Up till now I have yet to cash out any amount from the account.
For 2018, the interest and dividend amount that we are estimating to get is:
- Interests (from SSB) – $77.50 (based on 6 monthly payment of 1.55% for first year)
- Dividends (from Equities) – $415.92 (based on stocks.cafe projected dividends)
More details available over at Portfolio page!
There were a few complications regarding the application of my BTO and lessons that can be learned from me haha..
As an NSF, we are considered UNEMPLOYED. I applied myself under EMPLOYED without CPF and they took my gross income / allowance into account. Anyway, I went over to HDB Hub and they said that all the changes in the documents can be settled on the day of the selection of flat itself. They also said that if we did not have any documents they will still let us choose our flat, just that the documents will be pending for submission.
And also as a NSF/Regular, we will need to get a Certified True Copy of our NRIC which can be gotten from SAF Card Centre at CMPB (Level 2). The inconvenient part is that it is only open on weekdays during office hours!! So we’ll need to apply for off or leave to get it. But the process of getting it is quite fast. Only the travelling….
Flat selection will be this coming Monday, 5 Feb 18. *fingers crossed*