It is the end of the year. Our family expenditure went up when compared to last year. It was up 8.7%.
I tracked big-ticket items over the year. The following table shows where we spent more.
Cash outflow for 2018 is compared with 2017.
|Major cash outflow (in %)||2017||2018|
|House-related items and services||19.7||23.1|
|Computer and related expenses||8.9||0.3|
We spent more on overseas trips, house-related expenses, donations and medical expenses.
54.8% of total outflow went to overseas trips and donations. 23.1% went to pay for house-related items such as property tax, management fees & sinking funds, and repairs & maintenance.
Medical expenses that include health screening, dental came to 10.5%.
Computer and related expenses came down to 0.3% of total expenditure (last year was 8.9%).
More than half (54.8%) went to discretionary items like overseas trips and donations. These can be reduced in the future.
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