Previously, I had covered how I plan to budget my approximate $755 spending in credit cards for daily neccessities around Maybank Family and Friends Card.
Performance for Jan 2025
Total expenditure was $829 with $52 in cashback clocked.
Grocery Spending is High Due to Inflation
Close to my estimates, grocery remained expensive coming in at $410 per month. About $50 came from dining because F&B outlets withing supermarkets have the same MCC code of supermarket for Donki and NTUC fairprice.
Grocery expenditure will continue to form bulk of my expenses as I continue to prepare my meals to eat, drink and continue living in this world (sorry for being morbid, but harsh facts of life)
Spending Behaviour
Despite spending less on outside food, I incurred a medical cost at a government clinic, so it helped to reach the $800 minimum spending.
Front loading was done due to an Eight Telecom Mobile credits promotion where if we top up $28 in credits we get $38 credited instead. This was bought on shopee. I also bought $20 of NTUC voucher on shopee to clear my shopee coins which offered me a final 25% discount off NTUC vouchers
My grocery spending in February might be slightly lower as I will burn through the the $20 NTUC voucher and not eat at F&B outlet within supermarket. For Feb, it is likely dining & groceries will be in the $300 range. Actual e- commerce expenditure might be zero. So I will be short of about $100 in estimated expenditure. Front loading might be needed. Dosen't help that Feb only has 28 days.
Transport
One thing I learnt is that Simplygo transactions takes a while to be posted to credit cards. For the month of Jan, my EZ link transportation fares from 24 Jan have not been calculated. As such they will only be charged in Feb. So the positive is that likely my Feb transport fare will be a lot higher. This will help me reach the $800 spend easier.
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