New resale car toyota wish 1.8l

Just changed our car, from camry (left 1 year coe) to toyotq wish 1.8l (5 years, 2 mth).

Sold camry at 27.5k, bought wish at 65k.

Mthly instalment 816 (around 500 less).

Road tax 980 (around 900 less)

Insurance (around 200 more)

Petrol 80 (maybe save half)

Potentially save 8k.

Reason for selling is that the camry is quite ex, and had left only 1 yr. So my hubby wants to sell it off while it hqa value. His friend offered to buy from him at 27.5k. After full settlement, got 13k back. Plonk down another 6k plus for the wish

New resale house

I have just completed the purchase of our resale unit in Bedok.

We bought it at 389.5k, no cov. The house is in its original condition, so except for the broken marble flooring, everything needs to be renovated.

Luckily the hip will be in q3, so at least we need not reno the toilets though we have to use the existing ones (eeeww) when we move in june 2021..

We budgeted for reno works of 30k, which includes kitchen, wiring, painting and windows and doors.

QAF

Booked a small profit of 900ish from sale of 5k qaf at 0.97

Downgrade my hdb from 5rm to 4rm

Second half last year 2020, we began to look for areas and houses to target to move to next.

We were very picky because we initially want a flat that would meet our wishlist

1) squarish living room

2) longish kitchen

3) high floor

4) corner

5) windy

6) no need major reno

7) cheap

With the above, we went searching, ploughing through propertyguru and 99.co to view flats.

We actually narrowed down our search to jurong west, teban and pandan garden, as they were close to my mum place. But each time we saw something we like, other woul beat us to it. This went on for 6 mths.

Feeling very rejected, we were resigned to continue living at our place. But heaven has other plans.

We actually chanced upon a bedok unit but it was small, a 4NG.

But unit was high, at 11th floor. Corner door to door. Windy, longish kitchen and square living room.

Only 1 con was that it was blocked by a bto, but still it was quite windy. Another thing was that there will be hip. We were not keen on it but agent wants us to offer and we just offer 500 more than last price. And the deal was closed on that night. We only reached home at 1pm.

2020 dividends

I was looking at my 2020 and 2019 dividends.

2020 dividends were 180 plus dollars higher than 2019.

It was abit surprising but the primary reason was i stocked up on singtel stocks hence thought other companies gave lower dividends, overall it was still up abit.

FIRE

I have some thoughts recently. Due to change of management at my company, staff were either asked to retire or not renewed totally.

There is real fears that my department will be gone. Things change rapidly.

I fear my job will be gone soon. At 37 years of age, my skills are not transferrable. That day will come soon.

To prepare myself for the inevitable, I decided to downgrade from 5 room to 4 room.

Over the past 4 months, we have been actively looking for a 4 room flat below 400k. And we managed to secure an option just last sat.

Now we turned our focus to selling our current flat.

We need not wait for the sale funds to be able to buy the new hdb. 

Hopefully we can get 500k for our flat.

So after doing some calculation, I would be able to reduce my debt from 202k to 140k.

I should be able to fully pay off my loan in 3 years.

2 jan 2021

I started the morning doing a yearly review of my net worth.

I started this in 2018.

I used my assets - my liabilities = net worth.

My assets include cash, cpf, investments. My liabilities consist of our home loan and car loan.

This year my net worth went up from 141k to 234k.