Sunday, 6 November 2011

月光族 or 发薪日光光族?

There are people who are 月光族.

For me, I am very poor on the immediate day of my pay check! 发薪日光光族?

On the immediate night of my pay day every month, I would:
  • Transfer around 60-65% of my pay to my Joint account and personal saving account for investment and saving - pay myself first.
  • Give 15% to parents as allowance.
  • Take out a sum of few hundreds cash as food expense and put in cupboard.- this would be my pure food expenditure in hawkers, coffee shops, ntuc groceries for the months. Amount taken out would be dependent on how much I had left from last month.
  • The rest will remains in daily account for stuffs like occasional credit card spending for entertainment, utilities, singtel, conservatory charges etc. 
Thus effectively, 80% of my pay is gone on the immediate day of my pay. Even if I want to overspend also cannot.

I live a poor but happy life! Delay Gratification!

I am 发薪日光光族.

Are you 月光族 or 发薪日光光族?

(sometimes I wonder how great would it be if I can be like my siblings, earned at least double my earned income but yet either don't give parents money or delay very long then give a bit and refuse to offer their place for my parents to stay. I would be able to save much more and reach my FF goal faster. I am just stupid. )


Singapore Man Of Leisure said...

Hello OT,

I don't know why, but when I read your heading, first thing that comes to mind is Sailor Moon!? Die! Revealed I watch Sailor Moon cartoon... Shy...

I see you are also skilled in 指桑骂槐...

Tomorrow I will dedicate a song to you. Stay tuned ;)

OT83 said...


Why sailor moon? Haha I decided to hide some of original post somewhere :)

What song? I hope to hear it :)

Drizzt said...

omg 65%! thats alot!

OT83 said...

60% is not a lot if u consider absolute amt, given my low pay.

In addition, I think you should save much more than me absolutely as well as %.

Anonymous said...

I have a similar routine as you every month, just that I choose to transfer out whatever amount I allocated for spending, and leave the remaining untouched. This way I can control my discretionary spending within a preset limit too. So my main savings/ investment account happens to be my salary account too. :)


OT83 said...

Hi Blackjack,

I am glad to have someone in common. The ideas is the same although the method is different.

Congrats 发薪日光光族!

Singapore Man Of Leisure said...

Hello OT,

By the power of Moonlight energy, transform!


Maybe you too young to have watched it. LOL!

PanzerGrenadier said...


You show financial discipline :-)

Be well and prosper.

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