Financial Planning
I finally accesed the Pay and Claims website for civil servants, and although i shall not reveal the exact details of how much I am going to get, I must say I am quite surprised after looking at it. I am not saying it is a lot, but it is a little more than I expected, and it couldn't come at a better time, when i am fully broke with plenty of bills to settle. Hopefully this would mark the end of my financial woes.
I had a chat with my mum the other day about how I should be organizing my finances now that I am earning a basic salary every month. I thought it would be wise to learn from an expert. She is the equivalent of the AO or admin officer in any SAF unit in our family. And she has a lot of crdibility to back her up. For someone to have maintained financial stability for all of us given the financial constraints like low pay with many extremely hungry mouths to fee, I thought she was the best person to seek advice from.
So we started listing out my revenue and my costs for the month and she also advised me on personal financial planning that includes a savings plan to prepare me not only for my future responsibilities but also emergencies that might arise. After listing out everything and looking at my balance, I realize life is not getting any easier despite having a basic salary each month. This stems from my mum's belief that it is never too early to start saving abd preparing for the future. I know I am starting to sound like some uptight old man mot knowing how to enjoy life, but i realize that if I dont start the habit of scrutinizing my finances right now. I might end up in a lot of trouble later on, especially when I have hefty liabilities like the car and all.
I was at Pasir Ris Interchange on Sunday with my ez link depleted of its value and only 50 cents to my name, which meant that I didnt have enough money to take a bus home. It was a truly pathetic as I was alone with a huge bag and a soccer ball.(oh yes My dad took the car.) I contemplated putting on my charm and begging strangers for money, but I was too ashamed and proud so I ended up walking a whole 4 kilometres home. Walking the distance is not an issue but it made me realize that I dont ever want to be in this kind of situation again. I am a 24 year old able bodied male adult with only 50 cents in my pockets. It is proposterous just thinking about it. I know I am finally starting to have constant income each month, but I must never take it for granted. There shall be no excessive spending and there shall be constant savings. Hopefully, with the plans that I have drawn up with my mum, I would be able to achieve all this.
Ok I just realized I am hogging the compute with my boring rantings so I shall leave it as that for now. I cant wait for the 12th July. Oh yes, I am going to get Customised Shoes. So much for financial planning and no excessive spending. Ha ha.
Out
Matan
I had a chat with my mum the other day about how I should be organizing my finances now that I am earning a basic salary every month. I thought it would be wise to learn from an expert. She is the equivalent of the AO or admin officer in any SAF unit in our family. And she has a lot of crdibility to back her up. For someone to have maintained financial stability for all of us given the financial constraints like low pay with many extremely hungry mouths to fee, I thought she was the best person to seek advice from.
So we started listing out my revenue and my costs for the month and she also advised me on personal financial planning that includes a savings plan to prepare me not only for my future responsibilities but also emergencies that might arise. After listing out everything and looking at my balance, I realize life is not getting any easier despite having a basic salary each month. This stems from my mum's belief that it is never too early to start saving abd preparing for the future. I know I am starting to sound like some uptight old man mot knowing how to enjoy life, but i realize that if I dont start the habit of scrutinizing my finances right now. I might end up in a lot of trouble later on, especially when I have hefty liabilities like the car and all.
I was at Pasir Ris Interchange on Sunday with my ez link depleted of its value and only 50 cents to my name, which meant that I didnt have enough money to take a bus home. It was a truly pathetic as I was alone with a huge bag and a soccer ball.(oh yes My dad took the car.) I contemplated putting on my charm and begging strangers for money, but I was too ashamed and proud so I ended up walking a whole 4 kilometres home. Walking the distance is not an issue but it made me realize that I dont ever want to be in this kind of situation again. I am a 24 year old able bodied male adult with only 50 cents in my pockets. It is proposterous just thinking about it. I know I am finally starting to have constant income each month, but I must never take it for granted. There shall be no excessive spending and there shall be constant savings. Hopefully, with the plans that I have drawn up with my mum, I would be able to achieve all this.
Ok I just realized I am hogging the compute with my boring rantings so I shall leave it as that for now. I cant wait for the 12th July. Oh yes, I am going to get Customised Shoes. So much for financial planning and no excessive spending. Ha ha.
Out
Matan
posted by Superhero at 8:47 PM
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