Three Major Expenses

The three main expenses are housing, transportation and food costs which are crucial in the journey.  It is about finding ways of increasing and maintaining the same quality of life while spending less.

An example will be one who drinks beer. Instead of going to the pub for the beers, one can consider getting the beer at the coffee shop/hawker centre.  The alternative is to buy beer at the supermarket and drink at home. Beer is not good for health. One can consider replacing it with the plain water. Plain water is good for health as per my perspective.

For the housing, it is about making the right choices and not getting into debt such as mortgages. It makes more sense to pay the property with the full cash if one can afford to do so. If no, it makes sense to go for the renting in the interim.  The saved proceeds can be used to invest into the investment portfolio which will generate dividends which can be used to pay the rent.

For the transportation, one can consider taking the public transport instead of buying the car. This will reduce the massive outlay of cash. If one really has to buy a car for convenience’s sake, it makes make more sense to buy the second hand car and focus on making the full payment for the car. There is no right or wrong decision and it is entirely up to the one who decides which approach suits him/her the most.


Author: firewtk

A middle-age Singaporean currently having a minimalist and simple lifestyle. I am not longer in full-time employment with effect from 1 May 2019. I try my very best to write one post per day on this blog. The purpose is to share my prevailing thoughts to interested readers. It is up to the interested readers to decide whether they want to take action in embarking on the FIRE journey. I do not gain anything from this blog and it is solely for sharing hopefully for the benefits of all interested reader. WTK

2 thoughts on “Three Major Expenses”

  1. Howdy! I know this is kind of off-topic however I
    had to ask. Does operating a well-established website such as yours require a lot of work?
    I am brand new to writing a blog but I do write
    in my journal daily. I’d like to start a blog so I can share my personal experience and views online.

    Please let me know if you have any kind of ideas or tips for brand
    new aspiring bloggers. Appreciate it!


    1. Hi,

      Frankly, I do not consider myself to be a well-established website. In addition, I start this blog for the interest. It does not require a lot of work on my part. I write a post based on my existing thought at the point of writing. You may find it odd as the topic of the post may be messy as per your perspective. I have different view on this aspect. I feel that this is natural and will maintain my interest in writing. One positive aspect is that I do not earn any income from this blog. Neither do I pay any fund for this blog. It’s purely for interest purpose and document the journey of my life.

      Hope the above addresses your query and curiousity.



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