It's been quite boring to be staying at home all day. Was looking for ideas to occupy my time else my mind would wander back to my work.
Yesterday, I spent my afternoon doing three things
1) filing my insurance policies
2) summarizing my insurance coverage in a table in word
3) documenting my net worth (assets - liabilities)
I just bought FWD cancer cover plan and I always forgot to print out the policy details. Yesterday having being too bored to even read/look at youtube videos, I finally went to print it out and file it together with the rest of my policies. I think this is important because in the event anything happens to me, my family member know where to look for my insurance policies.
I also did a short summary of the coverage I had, so that I can put my mind at ease and know at a glance, what areas I am lacking. This is also knowing what I have, I will not be easily persuaded to buy another insurance policy later.
I have also documented my net worth (all my assets - all my liabilites) so that I know my progress. I started this by writing at the end of 2018 and flimsily writing it down in a book. With excel, I can track my progress across different years. I just realised how much my net worth was for the last 2 years, and I could set goals on what to do with the debts.
So far my largest debt is my housing loan and 2nd largest deb is my car loan.
For my housing loan, I would be able to accumulate enough savings in my CPF OA to fully settle the loan in 2029.
Sunday (10 May 2020)
Having nothing to do, I decided to do some decluttering of my study room. I managed to clear out 2 shelves of useless stuff and my tabletop. Now my table has so much more space.
After decluttering my space, I feel that my study room is alot bigger and my mind alot clearer. I could also work out a little sweat doing this.
I think there's more and I would devote around 30 mins every Sat, Sun to declutter/clean my house abit. Usually I only wipe surface tops and mop every alternate days. But with things lying around, dust accumulates and I absolutely hate touching dusty stuff as it would cause my hands to break out in rashes. This is why I try to make sure my stuff are always either stored or covered by something.
Saturday, May 9, 2020
Saturday, May 2, 2020
Buying a car
Me and my husband do not see eye to eye. To me, a car is just a transport tool, having one is better than nothing.
We currently owns a Toyota Wish 12 year old car, left with 8 more years of COE. Bought the car 2 years ago for 55k while trading in our Toyota Altis.
Instalment 550
Monthly car associated expenses 300
Petrol 100
considering the above, I have not much complaints as we seldom use the car except on weekends. His only complaint was that it does not have power.
But my husband has been blaming me for past 2 years, saying I was the one who pyscho him to buy Totoya Wish, trading in our Altis which was a better car and he blamed it on me.
Now when the economy is in the doldrums, he wants to change car. I really hate it when he decides so. He was the one who wanted to sell the Altis and he blamed it on me. Now he wants to sell the Wish and now it was all my fault again. Everytime it was only my fault.
Ended up he wanted to trade our Wish for a Axio which is in a lousy condition. This does not make any sense to me and he was hell bent on buying it despite my protest. I am the one who have to fork out the money for the car. Anyway we couldn't see eye to eye. I also refused to budge and in the end, I said I leave it to him to decide.
In the end, he settled for a expensive 39k Camry 2.5A with 2 years COE left. 39k does not seem like a lot, but if you divide it across 2 years, the instalment (assuming 70% loan) is 1200.
This 1200 is quite a big increase from the 550 instalment I am paying for the Wish.
I was thinking to myself, is it really worth it to pay 1200 for 2 years.
One way I comforted myself is that, I tend to ruminate on things alot.
I decided to do a very simplistic calculation to comfort myself.
a) Firstly the dealer is able to offer a much higher price for our Wish, 2.5k more than the others
b) The car has parf value. If we were to sell the camry before 10th year is up, we can get back at least 15k.
c) Lastly, I assumed that we would sell it at the end of 2 years for 15k. This means that though I am paying 1200/m, at the end I get back 15k which is equivalent to 600/m. It is muchiam as though the car only cost 600/m, not much of a difference from our current Wish instalment.
Of course (c) is being very simplistic. I have not counted the 30% downpayment that I would have to pay. For my case, assuming I could get around 4k (after settling the Wish), I need only fork out 7k. Which is still affordable considering that it is easily 15-20k of downpayment for other cars.
This is how I consoled myself. Because of this, I can no longer save 56% of my income. My saving % will dip to around 42%. My goal of retiring in 3 years, will be a challenge.
But whatever worrying, it will not change the fact that we have bought the camry. I hope I can still tahan my job for 3 years.
Jiayou!!!
We currently owns a Toyota Wish 12 year old car, left with 8 more years of COE. Bought the car 2 years ago for 55k while trading in our Toyota Altis.
Instalment 550
Monthly car associated expenses 300
Petrol 100
considering the above, I have not much complaints as we seldom use the car except on weekends. His only complaint was that it does not have power.
But my husband has been blaming me for past 2 years, saying I was the one who pyscho him to buy Totoya Wish, trading in our Altis which was a better car and he blamed it on me.
Now when the economy is in the doldrums, he wants to change car. I really hate it when he decides so. He was the one who wanted to sell the Altis and he blamed it on me. Now he wants to sell the Wish and now it was all my fault again. Everytime it was only my fault.
Ended up he wanted to trade our Wish for a Axio which is in a lousy condition. This does not make any sense to me and he was hell bent on buying it despite my protest. I am the one who have to fork out the money for the car. Anyway we couldn't see eye to eye. I also refused to budge and in the end, I said I leave it to him to decide.
In the end, he settled for a expensive 39k Camry 2.5A with 2 years COE left. 39k does not seem like a lot, but if you divide it across 2 years, the instalment (assuming 70% loan) is 1200.
This 1200 is quite a big increase from the 550 instalment I am paying for the Wish.
I was thinking to myself, is it really worth it to pay 1200 for 2 years.
One way I comforted myself is that, I tend to ruminate on things alot.
I decided to do a very simplistic calculation to comfort myself.
a) Firstly the dealer is able to offer a much higher price for our Wish, 2.5k more than the others
b) The car has parf value. If we were to sell the camry before 10th year is up, we can get back at least 15k.
c) Lastly, I assumed that we would sell it at the end of 2 years for 15k. This means that though I am paying 1200/m, at the end I get back 15k which is equivalent to 600/m. It is muchiam as though the car only cost 600/m, not much of a difference from our current Wish instalment.
Of course (c) is being very simplistic. I have not counted the 30% downpayment that I would have to pay. For my case, assuming I could get around 4k (after settling the Wish), I need only fork out 7k. Which is still affordable considering that it is easily 15-20k of downpayment for other cars.
This is how I consoled myself. Because of this, I can no longer save 56% of my income. My saving % will dip to around 42%. My goal of retiring in 3 years, will be a challenge.
But whatever worrying, it will not change the fact that we have bought the camry. I hope I can still tahan my job for 3 years.
Jiayou!!!
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