Budget 2020 and How It Affects Me

I am sure you already know everything you need to know about the budget by now. There are hundreds of articles covering every aspect in details. Now the question really is — how much does it affect you? Since everybody’s situation is different, their incomes and tax deductions are different, there isn’t much advice that I can give. This is one of those times when I throw the clichéd answer “it depends”. So instead, I thought I will pen down how it affects me. But first, lets rewind and understand what happened in the budget. It seems to me that … Continue reading “Budget 2020 and How It Affects Me”

Year In Review – 2019 Expenses

This is the continuation of my 2019 year in review series. See my previous post if you missed my returns report. As you probably know, I maintain two set of expenses — one for monthly expenses and another for annual expenses. The monthly expenses include expenses that occur more frequently than once a year and the rest of the expenses go into annual expenses. Lets dive deeper into the report. Monthly Expenses I have allocated a monthly budget of Rs. 53,000 for the year 2019. Below is the consolidated view of my budget, the actual expenses incurred on average per … Continue reading “Year In Review – 2019 Expenses”

Upgrading my Router: Asus RT-AC58U vs Tenda AC10

This is the continuation and the conclusion post of my previous post. So if you have missed it, head on over there first. As you know, I have decided to upgrade my old TP-Link router with Asus RT-AC58U. Initially I was extremely happy with the performance although it was running a little hot. The performance and coverage was just great. But things turned south as soon as I tried using it as a NAS. While I know that the processor on the router will not be powerful enough as a dedicated NAS, it performed quite poorly in my opinion. After … Continue reading “Upgrading my Router: Asus RT-AC58U vs Tenda AC10”

Record Your Expenses

In my previous posts, you have seen my monthly and annual budgets. Now it is time I explained how I actually track and record my expenses, so I know how I am performing compared to the budgeted numbers. Most of our expenses are paid through debit cards. But in some cases, the vendor does not accept a card, in which case we use cash. We use two debit cards to make payments. Both cards are setup to send an email to me when any amount is debited from the bank. We make online payments or money transfers via NetBanking or … Continue reading “Record Your Expenses”

My Annual Expenses Explained

In my last post, I went over my monthly expenses. In this post I will go over my annual expenses so you too can plan your annual expenses along those lines. For the year 2018, I budgeted an annual expense of Rs. 3,60,000. That comes out to Rs. 30,000 per month. Annual expenses are those expenses that occur less frequently than a year. So things like property tax, buying a car, painting your house etc will come under annual expenses. My annual expenses planning is shown below. The first column is the list of expense types. The second column is … Continue reading “My Annual Expenses Explained”

My Monthly Expenses Explained

In one of my previous posts, I briefly mentioned that I planned my monthly expenses to be around Rs. 50,000 per month. In this post, I want to explain a bit more on how I arrived at those numbers. May be it will help you figure out your own expenses in your retirement. Before nearing retirement I never kept a meticulous record of my expenses, but I was keeping track of where they are going in general. But come 2017 (a year before my retirement), I finally decided to sit and write down what I thought my expenses ought to … Continue reading “My Monthly Expenses Explained”

Year In Review – 2018 Expenses

Continuing the “year in review” series, this time lets go over my expenses last year. Did they go according to plan? Did I over estimate or under estimate? I think I need to write another post to show how I planned my expenses. But for this post, I will just go over them briefly and how they panned out over the course of last year. To start with, I have two types of expenses — the monthly expenses and the annual expenses. Any expense that occurs every month or more frequently than a year are clubbed into the monthly expenses. … Continue reading “Year In Review – 2018 Expenses”