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Tag: saving

Status Update: 2017 52-week challenge

Status Update: 2017 52-week challenge

I just want to update you on the Scenario I have decided to use for this year’s 52-week challenge and a status update of where I am in terms of the 52-week challenge. Hopefully, this will inspire those who accepted the challenge to keep the faith and stay the course with the goal of finishing the 52-week challenge.  And for those who have not started but are interested, then this will help to give them a gentle push or reminder…

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2017 52-week Challenge Template

2017 52-week Challenge Template

As we approach the end of the year, how is your 2016 52-week challenge?  Is it going well?Are you on-track?  Are you off-track?  What will you do differently for next year’s saving challenge? As early as now, I want to share with you the 2017 52-week challenge template as I anticipate things will be very hectic for me for the rest of the year. Scenario 1 is the original 52-week challenge starting from $1 on wk1 to $53 on wk53.  This works with…

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How Much Money Do I Need Upon Retirement?

How Much Money Do I Need Upon Retirement?

A friend asked me one time how does she know the amount of money she needs upon retirement. I answered her, I am not an expert but it is really based on assumptions and then we came up with the scenario below. Assuming, I will retire by age of 65 I will spend 2,000S$ (roughly 66k Php) monthly or 24,000S$ (~ 792k Php) annually I will live until the age of 85 I don’t have any investment and no source…

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Rude Awakenings

Rude Awakenings

A week ago I had a rude awakening at 5:30 am.  For people who know me, they would think that this is unusual and very early for me.  But on that day, when I woke up I had to double check the actual time I woke up versus the train departure time. It was indeed a rude awakening when I saw that the train departure time was 6 am and I didn’t want to miss that train as it was…

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