Thursday, August 22, 2013

Money Bombs! and my "risky" management of my finances

This post is a little inspired by a post by a new blogger I saw recently.
The post is at http://www.my15hourworkweek.com/2013/08/19/money-bomb-1-the-wedding/
and his blog is http://www.my15hourworkweek.com

The year 2013 has been quite fulfilling so far. Really learned lots, saw lots, thought lots and understood lots... But from now till mid of next year, I will probably be spending lots, more so than my income :p

Yep, wedding bells and bridal packages... Not that I am complaining :)
Also, my HDB BTO will probably be ready next year too... Renovation costs coming!

Just a short calculations of how much I need...
1) Photoshoots - $7k  =>  my wife-to-be wants one local and one overseas one (add another $1k)
2) Banquet - $30k  =>  I think ang bao will help cover some, although I don't think it will be 100%
These wedding banquets just get more expensive each year, with costs rising faster than income.
3) Renovation costs - $50k perhaps? Not so sure....
4) Rings and misc items... - $15k  => I probably over allocate some