Monday, December 8, 2008

Saving and Spending

Below is a list of items that I am saving for and also items that I would like to spend my money on.

I personally believe that it is important to save/invest more than 10 percent of one's salary. Of equal importance is also to spend at least 10 percent of one's salary to make your home a better place for your family.

List of things I am saving for:
1. Retirement ( est. $1,000,000) ~ currently $70k
2. Son's education (est. $150,000) ~ currently $0 saved
3. My Second Home deposit (est. $200,000) ~ currently $80k saved

List of things I want to buy:

1. A piece of Art to hang on the wall. Bright coloured. It will brighten up my house and make it a much nicer place to live in (Budget $100)

2. Window Grills. For safety reasons as my little boy grows up.

3. 3 x Soap Dispensers (Those beautiful and classy kind of soap dispensers that cost around $20 to $30 each). 1 for the kitchen and 2 for the bathrooms.

4. A nice swivel chair to use for the computer. (budget $200) Will probably buy this from Ikea

5. A door to prevent my boy from entering the kitchen. (est $400)

6. A nice chair for the living room. (budget $200)

7. An air conditioner for the living room. (not sure how much it costs)

8. A Wii / PS3 / X box (purely for entertainment sake)

1 comment:

  1. Hi,

    I am 2 years older than you. Any updates on the saving and spending blog? Trying to use you as a benchmark, if you don't mind.


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