Financial Matters; I Plan: 30 January 2021

In the name of Allah, The Most Gracious, The Most Merciful.

People often associate men with being methodical and calculated but in all honesty, I find men to be more impulsive than women when it comes to financial decisions.

During the planning stage, they are fast to whip out numbers and lay out a plan. Yet, when it comes to actual day-to-day spendings, they are quick to make allowances as well, willing to deviate from their original plan.

But my feelings and observations may be completely wrong. Maybe you would feel differently about men and money.

In any case, as a lady, I know I would have to be the one to step up and face the family financial matters myself.

My financial advisor has issued me this planner that contains some tips on money management. Let’s see if those advices could work for me.

So the first topic is cash flow management. It first talks about having a solid plan for our income.

The plan is CPF 40-30-20-10 rule.

For the benefit of international readers, CPF stands for Central Providence Fund. Kindly Google it. I am too lazy to explain. Lol.

CPF allocation is already automatically done for me, with 20% of my income going into that.

20% x $2400 = $480

So I am left with:

80% x $2400 or $2400 – $480 = $1920

Besides this deduction, as a Muslim Malay, the government automatically sets a set of deductibles on my salary as well. These are classified under ‘Fund’ and known as Mosque Building Fund (MBF) and Mendaki. I know some people rather withdraw from these but the amount is nominal to me so I have never minded. The MBF is $5 and the Mendaki Fund is $1.50.

$5 + $1.50 = $6.50

So after deducting that from my salary,

$1920 – $6.50 = $1913.50

I decided not to include variables such as Over Time (OT) pay and bonuses since those aren’t fixed.

So every month, I am bringing home that amount of money for sure.

So now the rule is <40% to be allocated to loans, <30% to be allocated to expenditure, ≥20% to be allocated to savings and ≥10% to be allocated to insurance.

I only have two outstanding loans at the moment, thankfully. The first loan is a housing loan, which I took up due to my parents’ dwindled CPF savings. The loan repayment is via CPF so I didn’t mind buy buying 33% ownership of the house since it won’t affect my income. Pro: I actually own a house. Like legit have my name on an actual house so if my husband leaves this world, I have a place I can return to since he is the sole owner of his house and I can’t have my name on two public properties. And my siblings don’t have a say in it. Con: I will have to keep a full-time job in order to maintain sufficient balance in my CPF so I am able to make the monthly repayment of $519. At this moment, I am left with a balance of $97,168.72. Either that or if I am to be self-employed, I need to ensure I am able to deposit that amount independently into my CPF every month without fail, which will be tough.

The other outstanding loan is one I dumbly took up for our planned trip to South Korea in order to meet the deadline of the payment. Unfortunately, right after I took that loan, the agency then decided to postpone it indefinitely. To this day. Sighs. So anyway, I took out a loan of $3000 via cashline for a two-year repayment plan. After making my 11/24-month payment, I am left with $1782.30 to pay. The repayment is at $152.50 a month so it doesn’t hit my salary too much. I have just requested for the annual fee waiver. Hopefully that goes through. Let’s see how much I am spending from my income on the repayment.

$152.50 / $1913.50 x 100 8%

That means my usage of loans is within a very healthy range of my spending power, considerably less than 40%.

Which means I have a buffer of 32%, which I won’t allocate to anything for now until I have figured out my expenditure. 32% of $1913.50 is $612.32 so let’s just keep that in mind.

As it stands, I am left with:

$1913.50 – $152.50 = $1761

If 30% of my salary is meant for expenditure, that means I only have:

30% x $1913.50 = $574.05

I am telling you now, that amount is insufficient for two people. But let’s take a look at the monthly bills and see if we can work things out.

Ez-link top-up: $90
MyRepublic Internet: $69.99
Netflix: $19.98
NTUC membership: $9
Town Council: $31
Utilities: $120
VIVIFI: $35.25
YouTube Premium: $11.99

Total: $387.21

That’s the list of die-die-die-must-haves in the bank. That leaves us with for groceries at best:

$574.05 – $387.21 = $186.84

Wow, that is tight. This shows I have no choice but to finally learn how to cook. Huhu. And it also shows I should probably fast regularly. So I’ll just eat twice in a day. Lol.

Ideally, that would be the plan but it is not realistic at all because A has needs such as smoking. I have no idea how much he smokes because he would buy two to three packs at a time. It becomes harder for me to track and I’m away from home most times. But I think I would need to put my foot down and tell him, hey, this is the amount you can get for the fags so you gotta make it work. My suspicion is he smokes four packs a week. He smokes LD Red Long, which retails at $12.20. So in one month, he should only spend:

$12.20 x 4 packs a week x 4 weeks = $195.20

Let’s keep that amount in mind for now. I shall proceed to savings. So based on the rule, I should at least save each month:

20% x $1913.50 = $382.70

So let’s take that out of the equation.

$1913.50 (Inc) – $574.05 (E) – $382.70 (S) = $956.75

10% should be allocated to insurance so that will be

10% x $1913.50 = $191.35

Our hospitalisation insurance premiums cost $200 per person on top of me taking up the Vitality programme at $8 a month.

$200 x 2 = $400

$400 / 12 months = $33.33

$33.33 + $8 = $41.33

$41.33 / $1913.50 x 100 2%

Lol. Definitely not spending the recommended minimum amount but we all have to agree here that it is not wise for us to take up anymore insurance plans. I could seriously use the remaining 8% of excess for expenditure instead.

So if we take the excess of 32% from loans and the 8% from insurance, we end up with a good 40% of buffer, which will undoubtedly go into expenditure. It can’t be helped. I have a family. Lol.

$1913.50 (Inc) – $574.05 (E) – $382.70 (S) – $41.33 (Ins) = $915.42

Okay, now I’m confused because 40% of $1913.50 is $765.40 yet I have $915.42 at my disposal after taking away the necessities except cigarettes. This is why I don’t do Math. Or rather, I can’t do Math. Hahaha!

But anyway, let’s take away the budget for cigarettes from the leftover.

$915.42 – $195.20 = $720.22

Okay, now it made more sense because the numbers are closer. Guess cigarettes are a necessity for my household after all. Sobs.

In Islam, we believe that in order to be blessed with more money, we should give more alms. The best is always to provide for your family first. I want to start giving my parents a monthly allowance again. It’s a good time to start this year. I can’t give much so I’ll give a modest amount of $100 each to my pops.

$720.22 – $200 = $520.22

$520.22 / 2 people = $260.11

That means the allowance for myself and A is $260.11 per person. So we will have to keep within this budget for whatever it is we wish to spend on. Jamming sessions, hangouts, meet-ups, car rentals, suppers, etcetera etcetera.

I just realised I could totally be mean and just take $915.42 minus $200 for the parents and then divide by two so that A will have to figure out how to balance out his budget for his cigarettes.

But I think it’s better to prepare that money earlier. Wifely intuition, maybe. If he needs more, then he has the allowance to tap on. I think that’s reasonable, yeah?

Here’s to being financially independent. I can do this.

Also, discovered there’s an Empire State of Mind Part II?! And it’s a Broken Down version?! Whut?! Well, put it on!

And Allah knows best. – MM


I Plan: 14 November 2018

In the name of Allah, the Most Gracious, the Most Merciful.

After work:

  • Purchase two wrist guards, one knee guard, and one ankle guard from Japan Home or alternative.
  • Purchase Nicorette gum.
  • Spend Cold Storage vouchers.
  • Purchase one spray bottle.
  • Purchase sturdy water jug or container.
  • Do laundry.
  • Cook.

And Allah is Al-Musawwir, the Fashioner of Forms. – MM

I Plan: Areas of Focus; 20 July 2017

In the name of Allah, the All-Compassionate, the All-Merciful.

Righto, I’ve mentioned I’ll be busy but I think the term ‘busy’ has somewhat been overused. Let me use ‘engaged’ or ‘occupied’ instead. So basically, I’m going to list the major commitments I currently have. Sometimes, I just need to see things right in my face in order for me to work things out accordingly.

  • Uniqlo (Yes, I’ve signed the letter of appointment with them yesterday. 🙂 )
  • Metropolitan Muslimah (MM)
  • Rubber Bandits (RB)
  • Street MOB Clothing (SMC)

I know working retail won’t leave me with a lot of time on my hands but that’s where I’ll have to manage my physical fatigue, which naturally comes with retail work. I believe I will be exhausted during the first week of work so I’ll have to talk to Lee about it tomorrow during SMC’s meeting; to give me a grace period of a week or two in terms of working on SMC.

I really hope I can get back into vlogging. I miss it. I also miss songwriting. Mortal also needs to be finished hahaha.

So yeah, happy to be fully engaged in 2017.

Enjoy your day, guys.

And Allah is Al-Basir, the All-Hearing. – MM

I Plan: 1st Week of July Timetable; 3 July 2017

In the name of Allah, the All-Compassionate, the All-Merciful.

Ramadhan is over and so is June. I realised I haven’t reviewed my Ramadhan goals so let’s do that here:

ramadhan 2017 challenge

As it stands, I have only achieved one out of ten. Horrible! But to be fair, I did touch on some quite a bit. Just not enough to render them achieved.

Yes, I find it important to be hard on myself like that.

So what’s the plan for the rest of this week?

Well, I am pleased to say that I will have a final round of interview this Thursday after the pre-selection test that I studied for and the preliminary interview I had last Thursday. I will be very happy to be able to cross the finishing line. I think it will absolutely be disappointing if I don’t make the cut for this final interview. 😥

So once again, prayers, please. *puppy eyes*

Thank you. 🙂

Anyway, here’s my planned schedule for the rest of the week. Now it is a matter of sticking to it. Hahaha! Horrible Huda. *sheepish look*


And Allah is Al Khaafid, the Abaser. – MM

I Plan: Visual Novel Project – Title Screen Second Draft (A Singer’s Dream)

In the name of Allah, the All-Compassionate, the All-Merciful.

Huzzah! So I’ve decided to pick up my visual novel project again. I just started learning about switches and variables in RPGMaker VX Ace, explained in Chapter 2 of the guide book I’m using. I’m barely into a few pages of it and I’m already having a headache now. There is quite a lot of information to absorb. However, I managed to figure out the very basic mechanics of having a switch that opens up a door and transporting the player sprite to another map by going through it. I was completely overwhelmed by it at first but after trying it and seeing the result, it just dawned on me how easy it can be. Like the lightbulb just switched on by itself after you tried so hard to light it up. Hahaha!

My progress is definitely going to be very slow but at least I managed to try out something new and grasped the idea of switches already.

Also, I went for a redraft of the title screen. Image and font used were taken from sites that allow their resources to be used for free, even for commercial use, and no attribution is required.

Psst! Here are my resources!



And here is my new title screen!

title screen

And Allah is Al-Aziz, the Almighty, the Self-Sufficient. – MM