How I Save 70% Of My Take Home Pay – Cash Flow Review (Q1 2018)

Technically not Q1, since we are already almost halfway through 2018. But because of… you know, priorities, I decided to wait for 2 more months before I did a review of my cash flow.

Hey wait, should I call this a trimester update instead of a quarterly one then? :p #randomthoughts

As you might already know, in annual reports, there is a place where the cash flow statement is at. It basically, well… shows how cash flows in a business or company. I mean, it is pretty self explanatory, isn’t it?

If cash is managed properly in a business, then it can also multiply effectively. FCF FTW!

Of course, this can also be applied to your personal finances.

I’ve calculated my 2017 Cash Flow Statement and mentioned how I save 50% of my take-home pay on average.

I’m happy to know that I’ve managed to continue maintaining the same savings rate at last year – if not, better.


My average savings rate for my take-home pay is slightly around 70%. If I use the numbers from the blue bar which considers my CPF contributions of 20%, the number is bumped up again to more than 75%.

Being aware of your cash flow is really beneficial, and I highly encourage you to do the same.

Q1’s cash flow will actually be a little bit better than the rest of the quarters.

My Income Sources

My income consists of a few sources.

  1. Basic Salary
  2. Bonus payout in April
  3. Dividends
  4. Interest from my DBS Multiplier account
  5. Other miscellaneous side income

Dividends has averaged out to be $113 per month (across 4 months). Slowly but surely, I am trying to build up more passive income. I am saving up for big opportunities this year, if they come around the corner.

I have also switched my bank account to DBS Multiplier since March and the criteria is much easier to hit as compared to OCBC 360 Account. I am glad I made the decision to open my savings account with them.

My Not-So-Frugal Expenses

From the beginning of the year to the end of April, I have spent a total of $7,493.79, and have exceeded my targeted frugal budget of $1,500 per month ($18,000 per year). Here are the categories for my expenses.

  1. Family – 44.41%
  2. Food – 18.87%
  3. Transportation – 7.34%
  4. Vacation – 12.68%
  5. Entertainment – 11.36%
  6. Insurance – 5.34%

Family, inevitably, still takes up almost half of my entire expenses. This mainly includes the allowance that I give to Mum and Grandma. We also had to replace our house’s washing machine which costed $271 in March (bye-bye, dividends). Mum’s birthday happened in the same month as well.

I also had to permanently increase my expenditure for this category by a good $1,385 yearly. Because now, I also have to pay for Mum’s H&S private plan.

In line with that, my own H&S plan is due and $400 takes up 5.34% of the pie.

Taiwan and Indonesia air tickets were also booked during this quarter and Vacation expenses took up a small yet significant chunk. I will definitely exceed my $2000 travel budget this year, but hopefully with no regrets.

Upcoming Big Expenses

Although I’ve already paid for my term policy, it is not recorded in this post yet as the payment will be reflected only in May’s expenses.

Apart from that, travel will be the main expense for the rest of 2018. I have went for some 1-day trips to JB for R&R.

With a few quick calculations of the top of my head, I am expecting to be spending roughly $4,000 this year.

I don’t think that I can achieve $18,000 of expenses, but it is still worth the shot to try to be as close to this number as possible.

I haven’t gone legit shopping for 5 months now and I am lacking some serious therapy. Gotta keep Miss Niao away from me during the GSS! I need some new, good quality shoes!

Thanks for reading~

Miss Niao xoxo.

Author: Miss Niao

Hello! I blog about financial matters and things that average people can do to have a better retirement. I want to inspire people to take control of their money and have a better understanding about it. If you are interested to know more, follow me @! :)

10 thoughts on “How I Save 70% Of My Take Home Pay – Cash Flow Review (Q1 2018)”

  1. Hi Ms Niao,

    70% saving rate is not an easy feat. I think that you should give yourself a pat for achieving such saving rate. As for the increasing expense, I think that it is well spent as long as you are spending it for a good reason. Spending for the family members is one of such good reason. I believe that you know how to allocate the resource accordingly to your preference.


    Liked by 1 person

    1. It will be. The value of money can only go so far. Hope that you do too!
      Btw our blogs look so similar, I had to take another look to see if I was on the right page :p


      1. Thanks. It has been a long way. Hope that the same applies to you in your route to FIRE. I am fully convinced that we will reach the destination sooner or later. My priority now is to enjoy the journey and do the things which I like at the present moment.


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