What's in the budget



The budget starts with how much money you bring home on a monthly basis. Income sources include:

— employment income
— alimony received
— investment income
— Central Provident Fund
— support payments
— savings

How much income should be allocated for the budget?

— your goal should be around 90-98% or less the remaining 2-10% of your income gets allocated for savings
(note: budget items are expressed in monthly terms)

Housing Expenses:

Housing expenses will likely be your largest expense item, especially if you own a home. Housing expenses include:

— your mortgage payment with escrow (taxes, insurance)
— monthly rental payment if you do not own
— utility services (electric, gas, water, etc.)
— telephone, internet, cable
— house repairs and maintenance