The New Age Mum

Archive for March 2009

budget-cycle

One of our highly anticipate event each year will be the Finance Minister’s annual Budget Speech because it usually touches on the economic and outlook performances of our country and what kind of help is rendered to our family and of course small business and the employment of Singaporeans. It basically serves 2 purposes as:

·         a record of the approved levels of expenditure and accountability of the government fund usage and;

·         a plan of the estimated government revenue and expenditure for the financial year.

Another type of budget cycle will be the monthly budget cycle that we- families and households face. I am not sure how some of you face it but to me it can be a nightmare. To me, it is just a repetitive cycle of salary, savings, debts, bills and expenses which I can count myself lucky if I do not end up with a deficit before the end of the month.

Gone are the Australia days where we still have allowances to live on while putting the salary aside and the rental of the house paid for by my hubby’s company. Now as I am still on the job hunt, we are living on a single salary brought home by my hubby with the house mortgage, car instalment, and kid’s school fees to be paid for in cash. Of course there are other things to be paid for but these make up the bulk of it.  I use to be beaming with pride every time I put away 20% of what we have but right now, I can be stealing a smile if I can squeeze out a 10 % to be put aside.

However I can’t be complaining much with the moral support of my family. I never have to spend much on groceries as my mum is always doing the marketing and cooking for my family. Hence at least I am not reduced to sleeping on the streets or to starvation. For this, I am really grateful.

Though I have read several financial management books before but I never seem to understand them especially a statement from Rich Dad Poor Dad which says, “to put your savings first, then your expenses and pay the creditors last.” Why pay your creditors last? It is because the author believes that we will never want to owe our creditors’ money and no matter what we will find a way to earn the extra money back to pay our creditors.

Well I have neither the brains nor the creative juices of Robert T. Kiyosaki and Adam Khoo to do an investment or earning the extra money hence I have never tried paying my bills and creditors last. Seems like I am doomed to be a Poor Mum waiting for that repetitive budget cycle every month. 🙂

clemens-damir

My greatest joy comes from my boys.

So much energy;

So much madness;

So many smiles and

So much laughter.

Their no lack of innocence and naivety can brush off all my worries and unhappiness and for that moment by just looking at them, makes me realized that the world is not as ugly as what I feel it is.


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Welcome to The New Age Mum

Hi I am Angelia Giam! This site is basically dedicated to my 2 very precious boys who have filled my life with the all the colours of the world. It is also about me striving to lead a balance and fulfilling life with the family I have created. I have also added some basic food recipes which I have tried and tasted; and recommended some parenting books which I have read and found it to be useful as well for all to share.

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