New role wef 1 May 2017 - CFO of the house

As a stay at home mum, 笨mummy has also assumed the role of the CFO (Chief Finance Officer) of the household. From a double income household moving to a single income household will, of course, has an impact on the finance of the household. As agreed with hubby, starting from May 2017,笨mummy has agreed on a monthly sum of $1,000 a month to manage the daily expenses of the family (excluding mortgage repayment of $1,690.92 per month) based on the following estimated breakdown:

Household expenses (per month)

Home Broadband (actual)	$29.00
Town Council conservancy charges (actual)	$55.50
Utilities charges (Estimated)	$120.00
Groceries (Estimated)	$500.00
Child 1’s Nursery School Fee1 (Actual)	$171.20
Child 1’s Diaper2 / Milk3 (Estimated)	$62.00
Child 2’s Diaper4 / Milk5 (Estimated)	$310.00
Total	1,247.70

Yes, you are not seeing wrong, the total household expenses is more than the budget given by hubby. It is up to笨mummy to manage the budget given with the estimated expenses by achieving saving in the following areas:

> bulk purchases during sales or in-store discount

> credit card rebates from purchases
> government grant or subsidy for utilities or conservancy charge 
> reduce cost due to change of events, e.g. Child 2 is coming to 6 months in a few weeks and the milk powder expense would also expect to come down significantly as Child 2 starts weaning and the cost of stage 2 milk powder is always cheaper than stage 1 or Child 1 “upgrade” to a diaper-less
> Also笨mummy has stockpiled some diapers during the 12 Dec Qoolife store promotion and NTUC baby fair in end Feb 2017. The diapers bought, ranging from M size to L size, should last for a while for Child 2.

Reference

¹ Child 1 is now studying at Sparkletots nursery program which run for 3 hours with a monthly school fee of S$171.20. However there are also some miscellaneous costs involved at the start of the year or end of each school term  – insurance, material cost, school outing, etc. Although there is no school during school holiday in Jun and Dec period, school fee is still applicable.

² Child 1 has not mastered the skill of night time toilet training, hence he still required a diaper per day at bedtime, and this works out to be 30 diapers a month. Pamper XL pants (36 pcs) is selling for S$22.90 on Redmart (without any discount). Hopefully, this expense would go off once Child 1 mastered night time toilet training ability.

³ Child 1 is drinking Similac Gain IQ stage 4 and he finished a tin of 850g in a month. One tin is selling for S$39.90 on Redmart.

⁴ Child 2, being an infant, uses an estimate of 5 diapers a day, and a month would be 150 diapers. Pamper tape diaper size M is selling for S$52 (for 184 pcs) on Qoolife store on Qoo10. The cost per month is estimated to be around $43 (150 x 52/184)

⁵ Child 2 finished a tin of 800g milk powder in a week. The cost of a tin of her milk power is 66.90 and a monthly would cost S$267.60. Infant milk powder for babies below 6 months does not have promotion, hence笨mummy has to bear with the ridiculously high price for a while before Child 2 can move to stage 2 milk formula which come with a lower price tag.