Planning 5 steps
1. Net Income (Salary - CPF contribution)
2. Savings (apportion of salary)
3. Investment
4. Expenses (fixed, variable)
5. Bad mood fund (pamper oneself)
Executing Plan
1. 3 different bank accounts (salary, savings, fixed expenses account) where savings can be used for investment and fixed expenses account using giro or cheque; salary account used for transfers)
2. Internet banking
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