What happens when you trawl the internet for information on Personal Finance and all you can find are blogs written by men? Everything is written from a man's perspective and sensibilities. So I have decided to fill in the gap by joining the blogosphere and putting up my two cents' worth.
PERSONAL FINANCE FROM A WOMAN'S PERSPECTIVE. What kind of frugal woman do I wish to be?
1) To look good while practicing frugality
The stereotype of the frugal woman is one who is just a depressing sight to behold. She wears her frugality on her face and her body as if it were a shroud of sadness. She is probably not even proud of it - her constant frugality has muted all her sense of self-awareness, reducing her to a walking personification of miserliness.
You know - that type of woman who has a yellow-green or grey-brown complexion from denying herself a proper skincare routine. Who wears dull clothing from obscure sources. With the blunt haircut from continually deferring trips to the hairsalon.
Yes, you can get rich from being drab, but have you deprived yourself from the healthy joys of life in the process?
I want to be stealth-frugal. To upkeep a positive and upbeat appearance without anyone suspecting that I am a practicing penny-pincher. It is easy to get rich by abusing oneself like a scarecrow, it is a higher level to be frugal but to look as if one is worth a million bucks.
2) To feel good while practicing frugality
Frugality is to exercise a high degree of discretion over all forms of spending.
In popular parlance, it means to be "WOKE".
To be deeply conscious of the immediate and long term personal impact, as well as the externalities, of ones consumption decisions.
To be "WOKE" is to be in touch with ones inner truth. Making sound decisions on what to spend on and how to spend comes nothing short of that.
ABOUT ME
I need to explain who I am in order to set a context to the above objectives.
I am a Singaporean female residing in Singapore. I am a Chartered Accountant of Singapore.
I am single, childless and without dependent.
I spent the initial years of my working life as a penny pincher.
Over the years, lifestyle inflation crept in and I lost my edge. I went through fits and phases of extravagance, now I would like to resume the straight and narrow path.
I will use the blog to document my EXPERIMENT.
The objective of this blog is to find out just how low my spending will be, starting from 14 MAY 2019.
I aim to keep my spending to SGD 24,000 (USD 17,525) per year, or SGD 2,000 (USD 1,460) per mth, excluding my mortgage payments (there is no other liabilities).
JOIN ME ON THE JOURNEY!
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