This year is quite special .... I have a lot of one-off items ...for example baby expenses. However we know that to bring a baby to adult, there is probably a string of one-off expenses over many years. Maybe "amortization" probably is a fairer way to deal with it. We need to recognize it as regular cost of business !
There are many other one-off items such as Renovation, Alter, Cremation Niches, Medical Surgery, Hospitalization, Medical checks, Confinement ... this are debatable. Nevertheless they can be big ticket items or summation in total. Ignore them at your perils.
And we have the regular ones like Taxes, Nanny, Parent Allowances, Installments, Holidays, Baby Misc ...
If one plans to retire, make sure we plan them into our annual expense plan with good buffers. Don't simply jump into FIRE through hard core saving. You will be surprise like I do this year on how bad it can goes on how expenses blow up. After totaling up major items that i could find, the expenses YTD is S$117 K... ( ouch ).
The fortunate thing is that my Liquid asset and Net worth are still trending up. The first is due to Stock Market and Regular Job, and the later with added Property Valuation Growth (Cashless by the way).
Anyone like to retire now ?