First created on Feb 2006.
Jun 2007: added car depreciation page.

In Singapore, there are three financial matters whose exact calculations are often overlooked. They are,

The formulas involved are trivial, but the calculations are tedious to work out by hand. This webpage aims to show how the figures are arrived at. Wonder no longer where your money goes!

The CPF Contribution calculation is the hardest to work out. There are many rules and many parts to it. On a scale of 1 (easiest) to 5 (hardest), the Car Depreciation is 1, the HDB Housing Loan is 2 and CPF Contribution, naturally, is 5.

For now, only the HDB Housing Loan and the Car Depreciation pages are available.