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

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Pang Zhe Liang

13 May 2020

Fee-Based Financial Advisory Manager at Financial Alliance Pte Ltd (IFA Firm)

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

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Is it possible to only spend $300 per month for daily expenses if I am a young working adult?

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