MYM Case Study

Networth Statement
Combined assets
Assets
Cash Bank Account
Furniture / Personal Effects
Managed Invesment Fund
Car
Husband CPF
Spouse CPF
Total Assets
Savings ratio
Equity or net worth ratio
Liquidity ratio
Monthly Debt Service Ratio
1st month
2nd to 5th month
SGD ($) Liabilities

50,000.00 Credit cards
10,000.00 Car loan
18,000.00 Total Liabilities
14,000.00
30,000.00
28,000.00
150,000.00
Networth
0.00%
92.67%
672.73%
***not sure
112.50%
18.75%
Monthly Income Statement:

1st Month
Income
Combined Salary (aft tax)
Total Income
2nd to 5th Month

Income
Total Income
Financial Goals:
SGD ($) Expenses

8,000.00 Rent
Credit cards
Car Loan Repayment
Misc
8,000.00 Total Expenses
Net cash flow
SGD ($) Expenses

8,000.00 Rent
Car Loan Repayment
Misc
Net cash flow
Passive income or saving plan (Retirement funding)

Comprehensive insurance coverage
Limited or no Liabilities
Condo Mortgage Loans fully paid off before 55 years old
Networth Statement
Combined assets after 6 months
SGD ($)
7,500.00
3,500.00
11,000.00
Assets
Cash Bank Account
Car
Husband CPF
Spouse CPF
Total Assets
139,000.00
SGD ($)
65,000.00
10,000.00
18,000.00
14,000.00
30,000.00
28,000.00
165,000.00
Networth
Income Statement for 6 months:
SGD ($)
1,200.00
7,500.00
300.00
2,000.00
11,000.00
-3,000.00
SGD ($)
1,200.00
300.00
2,000.00
3,500.00
4,500.00
Net income for 5 months

Net Expenses for 6 months
Net cash flow
SGD ($)
40,000.00
25,000.00
15,000.00
Networth Statement
bined assets after 6 months
Liabilities
Car loan
Total Liabilities
SGD ($)
1,700.00
1,700.00
163,300.00
ASSUMPTION: No interest incurred for car loan and mortgage loan. Cash gift used for condo down-paymen
Networth Statement
Combined assets on the 1st day of 6 month
**include dad $50k
Assets
Cash Bank Account
Car
Husband CPF
Spouse CPF
Condo
Total Assets
SGD ($) Liabilities

115,000.00 Car Loan
10,000.00 Mortgage Loan
18,000.00 Total Liabilities
14,000.00
30,000.00
28,000.00
400,000.00
615,000.00
Networth
Savings ratio
Liquidity ratio
Monthly Debt Service Ratio
6th to 11th month
12th month
12th onwards
35.00% Saving plans: 35% of their total take hom

34.68%
134.18%
***not sure
33.75%
32.50%
30.00%
Monthly Income Statement:

6th to 11th month
Income
Total Income
SGD ($) Expenses

Car Loan Repayment
Misc
Net cash flow
12th month
Income
Total Income
13th month onwards
SGD ($) Expenses

Car Loan Repayment
Misc
Net cash flow
Income
Total Income
SGD ($) Expenses

Misc
Net cash flow
d for condo down-payment.
month
SGD ($)
1,700.00
400,000.00
401,700.00
213,300.00
35% of their total take home pay ($2800 from $8000)
SGD ($)
2,400.00
300.00
2,000.00
4,700.00
3,300.00
SGD ($)
2,400.00
200.00
2,000.00
4,600.00
3,400.00
SGD ($)
2,400.00
2,000.00
4,400.00
3,600.00
Networth Statement
Combined assets (Current)
Assets
Cash Bank Account
Car
Husband CPF
Spouse CPF
Total Assets
SGD ($) Liabilities

50000 Credit cards
10000 Car loan
18000
14000
30000
28000
200000 Total Liabilities
Networth
SGD ($)
7500
3500
11000
189000
Income (Cashflow) Statement

Income
Total Income

Liquidity ratio
Financial Goal 1
Financial Goal 2
Financial Goal 3
SGD ($) Expenses

8000 Rent
Car Loan Repayment
Misc
8000 Total Expenses

Net cash flow
94.50 Savings ratio
218.18 Debt Service ratio
SGD ($)
1200
300
2000
3500
4500
0
3.75
Short term: Paying off credit card debt.

Short
to midBuild
term:
Pay of Car
loan.
Long term:
a source
of passive
income for financial indepence
Networth Statement
Combined assets (2 years later)
Assets
Cash Bank Account
Car
Husband CPF
Spouse CPF
House
Total Assets
SGD ($) Liabilities

50000 House loan
10000
18000
14000
30000
28000
400000
600000 Total Liabilities
Networth
SGD ($)
306800
306800
293200
Income (Cashflow) Statement

Income
Total Income

Liquidity ratio
SGD ($) Expenses

9916.67 House Loan Payment
Insurance
Misc
Savings
9916.67 Total Expenses
Net cash flow
48.87 Savings ratio
154.50 Debt Service ratio
SGD ($)
2400
125
2000
2800
7325
2591.67
28.2353
24.20
Should the couple wait for 2 years later to have a child, they will be in a
better position to finance the child's expenses.
Although the networth and liquidity ratios drops, the couple would by
then accumuliated some form of savings and insurance.

MYM Case Study

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Networth Statement

SGD ($) Liabilities

Monthly Income Statement:

2nd to 5th Month

SGD ($) Expenses

SGD ($) Expenses

Passive income or saving plan (Retirement funding)

Income Statement for 6 months:

Net income for 5 months

**include dad $50k

SGD ($) Liabilities

35.00% Saving plans: 35% of their total take hom

Monthly Income Statement:

SGD ($) Expenses

13th month onwards

SGD ($) Expenses

SGD ($) Expenses

d for condo down-payment.

SGD ($) Liabilities

Income (Cashflow) Statement

Equity or net worth ratio

SGD ($) Expenses

8000 Total Expenses

Short term: Paying off credit card debt.

SGD ($) Liabilities

Income (Cashflow) Statement

Equity or net worth ratio

SGD ($) Expenses

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