As from April 2013 my Journey in Investing is to create Retirement Income for Life till 85 years old in 2041 for two persons over market cycles of Bull and Bear.

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This blog is authored by an old multi-bagger blue chips stock picker uncle from HDB heartland!

"The market is not your mother. It consists of tough men and women who look for ways to take money away from you instead of pouring milk into your mouth." - Dr. Alexander Elder

"For the things we have to learn before we can do them, we learn by doing them." - Aristotle

It is here where I share with you how I did it! FREE Education in stock market wisdom.

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Value Investing
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Sunday, 27 December 2015

Tracking Your Monthly and Yearly Household Expenses?

Uncle88888 doesn't use any budgeting software. He also dislikes the hassle of tracking every single detail of expenses. 

He made his tracking KISS! 

He just need to know how much is his cash outflow per month and how much per year and then he will know how much is enough to to reach the edge of his financial independence state and from there how to build sustainable retirement income for life at 2.5% inflationary rate with assets draw-down strategy.

Read? Two Bank Accounts? No, You may need Four! - (4)

With his Household Expenses Tracking MS Excel worksheet and one dedicated Bank Account to hold all his household expenses, he just needs less than 20 minutes per month to download the bank statement, copy and paste, and then manually update each category of items of expenses.

See the three images ...

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