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Anonymous

13 May 2020

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What do you spend most of your daily expenses on? Why do you think this is the heaviest expense?

Curious to know more and please share if there is a reason behind why too!

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Pang Zhe Liang

13 May 2020

Lead of Research & Solutions at Havend Pte Ltd

Car and business expense. The former is a liability while the latter is a necessity. In addition, these are fixed expenditure that generally doesn't change over time. Therefore, they will inevitably form the heaviest expenses over time.

More About Fixed Expense vs Variable Expenses:

Understanding Your Personal Cash Flow

I share quality content on estate planning and financial planning here.

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