OK, I made some changes in September 2020, I have switched the mobile package from Maxis to U-mobile. Yes, I finally gave up on Maxis after 25 years.
By switching, I save about MYR 50 per month, that translates to MYR600 per year. So far I have no complaint about U-mobile, the coverage in my housing area and hospital is good and the data is unlimited.
My relationship with Maxis started back in the University time when I used Maxis Prepaid MYR30 package.
To save money during my university time, I usually reloaded my phone every 45 days instead of 30 days, so for the interim period of 15 days, I couldn’t make calls but I was happy because I could still receive calls.
So basically I paid 8 months only for 12 months and during emergencies, I used public phones. unfortunately, public phones were hard to find these days.
Income
Hospital business has been hit hard during the Covid-19 pandemic, I thought the worst was over in August but my September income was down almost 50% from a year ago. My income from my investment was hit and dividend received in September was almost 40% down compared to last year.
However, I am happy with my income at this moment and I plan to save at least 50% of my income monthly.
Expenditure
I have decided not to list down all my expenditure here. I did a few things to reduce my expenditure, changing my mobile package is one of them. Due to Covid-19, we have stopped going out for meals for a while. Most of the time, my wife and I would take turn to cook at home.
Conclusion
Make a habit to plan your budget monthly. Cut down your expenditure if possible, live below your mean and maximize your investment.
Always remember the first principle of personal finance- Pay yourself first!
Its a pity u stopped sharing your expenses and also your passive income recently. It gives a real, transparent and more personal touch. I like your blog mainly because of this as it shows a human side of you, unlike many other countless blogs which just recycles generic contents.
Anyway, would you be able to share your reit/bank holdings in Singapore? I am trying to build a monthly dividend income portfolio like yours. Thank you
Dear Dave,
Thanks for your comment. I was told by a few readers not to show the real figures in my expenditure because they thought it was inappropriate to show too much details. I would reconsider this again. Anyway, buying Singapore REITs is proven to be one of the best ways to build passive income. I would share more about the mistakes I made along my way in investing Singapore REITs/banks. BTW, I am still down 15% in my Singapore REITs portfolio because of 1-2 counters, one of them I think you have guessed correctly- First REIT.
Thanks again for visiting my blog.
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