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Old 05-12-2018, 02:51 PM   #1
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Monitoring Household Expenses

Am trying to set up a spreadsheet to record and monitor my household expenses. I am sure some of you have that already. I have not done this yet although I have a spreadsheet to record and monitor my income from various sources. Hence, I am now trying to set one up to monitor my on-going expenses.

Since having the income list, it has made me more motivated to try and increase the income. As the saying goes, what doesnít get measured doesnít count.

What are your typical household expense items? This list below is what I can think of:-

(1). Electricity
(2). Water
(3). Handphone & Internet
(4). Property Tax
(5). Road Tax
(6). Petrol & ERP
(7). Car servicing, maintenance & repairs
(8). Carpark
(9). Car insurance
(10). Medical insurance
(11). Club membership
(12). Food & groceries
(13). Entertainment
(14). Personal grooming
(15). Holidays
(16). Chidrenís School & tuition fees
(17). Household maintenance sinking fund

Feel free to add on to the list.
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Old 05-12-2018, 07:07 PM   #2
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Below is how i categorise mine. Every year me and my wife will have a discussion at the end of the year to decide the budget for next year and how much we want to save.

There is a software call YNAB that you can use to track your income/expenses easily.

Monthly
Mortgage
Car Loan
Car Insurance
Car Fuel, Parking & Toll
Income Tax
Property Tax
Term Insurance
Groceries & Supplies
Internet & TV
Telecommunications
Utilities
Childcare
Allowance
Club Membership
Entertainment-Dining
Entertainment-Others

Quarterly
Condo Maintenance Fees
Term Insurance

Periodic
Home Maintenance & Repairs
Car Maintenance & Repairs
Clothing, Accessories & Grooming
Health, Medical & Dental
Furnishings & Appliances Renewal
Wedding & Condolences Gifts
Family & Friends Gifts
Education, Lessons & Books
Magazine & Journal Subscription
Phone & Computer Upgrades

Annual
Car Road Tax
Mortgage Fire Insurance
Home Content Insurance
Life Insurance
Hospital Insurance
Charity
CNY Celebrations

Special
Overseas Family Holiday
Any special one off expense (e.g., baby birth, house renovation, etc)
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Old 05-12-2018, 08:09 PM   #3
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Perhaps using these free budgeting spreadsheets and amending it is easier than creating your own if you can find 1 that’s suitable:
https://christianpf.com/10-free-hous...-spreadsheets/

Though I’m not budgeting anymore, I like the zero based budget spreadsheet (no.5). Every single dollar of your income is put to work and has a purpose.
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Old 05-12-2018, 10:41 PM   #4
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I just use the seedly app to pull all my transactions from banks given 90% of my monthly expenses are via credit cards or GIRO, and input the cash portions manually (mainly for hawker meals )
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Old 06-12-2018, 07:09 AM   #5
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Old 06-12-2018, 11:27 AM   #6
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I just use the seedly app to pull all my transactions from banks given 90% of my monthly expenses are via credit cards or GIRO, and input the cash portions manually (mainly for hawker meals )
Thanks! Will check out this app .....
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Old 06-12-2018, 11:37 AM   #7
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Doesn’t make one very comfortable to see the categories loan, mortgage together with entertainment, club membership, magazine subscriptions. A person with loans is better off clearing those debts than using the cash for entertainment.
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Old 06-12-2018, 12:18 PM   #8
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Doesnít make one very comfortable to see the categories loan, mortgage together with entertainment, club membership, magazine subscriptions. A person with loans is better off clearing those debts than using the cash for entertainment.
probably just put there to cover all areas, maybe that amount is $0 every month for most of the time.
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Old 06-12-2018, 01:04 PM   #9
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I've not track my expenses all my life... as I believe in spending more time and effort on creating income.

However, I do try to budget/saved up for future projects or items or expenses instead.

Example, if you want a laptop worth $1k, how much should you saved from now till the time you want it.

This indirectly affects how much you spend daily.
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Old 06-12-2018, 01:35 PM   #10
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I categorise mine as follows:

Survival
- Food & drinks
- Groceries
- Utility bill

Modern life needs
- HP bill
- Broadband bill
- Insurance
- Clothes & footwear
- Transportation fares

Responsibility as a son
- Allowance to parents
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Old 06-12-2018, 02:15 PM   #11
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Tracking has has it own benefits, it tells you if you CC bill tallies with your expected expenses down to deposits made for various childcare and whatnot and when to expect their returns.

Usually I find it helps when your obligations grow, out of curiosity do you have kids expenses?


I've not track my expenses all my life... as I believe in spending more time and effort on creating income.

However, I do try to budget/saved up for future projects or items or expenses instead.

Example, if you want a laptop worth $1k, how much should you saved from now till the time you want it.

This indirectly affects how much you spend daily.
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Old 06-12-2018, 08:32 PM   #12
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I categorise mine as follows:

Survival
- Food & drinks
- Groceries
- Utility bill

Modern life needs
- HP bill
- Broadband bill
- Insurance
- Clothes & footwear
- Transportation fares

Responsibility as a son
- Allowance to parents
Very good son!
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Old 06-12-2018, 08:46 PM   #13
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I dont breakdown and track my expenses, because we are very frugal while spending. So we are sure that whatever we are spending on is a necessity, so there is no need to individual tracking. However, I do record my total monthly spend each month, so I know my running costs.
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Old 06-12-2018, 08:49 PM   #14
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Tracking has has it own benefits, it tells you if you CC bill tallies with your expected expenses down to deposits made for various childcare and whatnot and when to expect their returns.

Usually I find it helps when your obligations grow, out of curiosity do you have kids expenses?
Are you suggesting, you want to track how much you spend on your children? Geez!
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Old 06-12-2018, 08:51 PM   #15
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impulse purchase(s)
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