Tell me, who does not need money? Imagine ourselves as a single dot on a piece of paper. If you don't have any money, you will be that single dot all your life. Nobody wants to keep a piece of paper with a single dot on it. That paper will end up being thrown away....or at best...being sent to a paper recycling center (conserve the nature!!). There now, if you have a lot of money, or even some, that single dot can be a line, extending and extending, turning, curving, dancing and prancing....on that piece of paper that will eventually turn into your investment certificate, or a land or house grant that you just bought, or your business license, or at the very least...your high school diploma. Just don't turn it into an IOU deal with Mr. Ah Long, please...
Along with the spirit of new year, most people would love to have a bright future with their financial management. Well, count me in...But, let's not go into the big things, the extreme measures. We will leave that to the professionals and so let's get the advice from them. For me, what I want to do for a start is to think about the way I can manage my everyday life and find that extra ringgit that I can save.
Budgeting
First, I should have a budget, of course. I had been making budgets many years ago but I still couldn't find myself saving millions..of course, how could I save millions? But the point is, we have to be smart in making a budget. There are a lot of resources for us to find the idea of making a budget. When we have already made one, we have to stick by it.
Shopping list
The mistake that I always do while shopping is not preparing a list beforehand, or if I do make a list, sometimes I don't follow it too much. When I don't have a list, I tend to buy things on impulse. Everything seems to be needed at that moment and if I don't buy it right away, I don't know when I will buy it again. So, I end up walking aisle by aisle, spending a lot of time, a lot of energy and a lot of money. The fact is, the things we need will always be there as long as we live. And the special sales will never stop, we can find that 70% discounts throughout the year 'cause they will make it for every celebration or anything else within reason. When we've already made the list, we have to follow it. We can have as many lists as we want, Plan A, Plan B or even Plan Z list, but it is best if those lists are not contradicting with our budget.
Munch..munch
Oooh...the delicious aroma of freshly baked sweet breads, pretzels, roast chicken and other human creation in the food domain tantalizing all my senses as I walk along the food sections. I usually don't care about my eating time, and usually there's not much to eat at home, so I always became hungry while going out. And I used to have a thing with fast food. Now, a snack plate or value meal might not be less than RM8. Do the math and figure out the amount I can save if I satisfy my hunger first before going out. Unless your intention of going out is to eat, considering cooking 'lauk bujang' (..and I don't mean Maggi mee...), you might have spent only roughly RM3-5 per day. So, I better eat before going out. Going out with a full stomach will make me feel less tempted to try the latest menu on the dish.
Mobile extra
The whiz in telecommunication companies are always thinking of the ways to get you spend more on their products. It's a lifestyle of modern people they say. The new way to get connected. Okay, maybe getting connected is really important, especially to those who do business by the phone, but we might be able to cut off the unnecessary service. In my case, I planned to cancel that caller ringtones I've had for many years or just reduced it to only one.
There...what else can I do? Generally, we can do many other things such as canceling magazine subscriptions that we don't have time to read, or if you have too many packages in your cable tv subscription, you can cancel the one that you rarely watch. Don't even go to the shopping mall if you have no intention to buy anything, because you will end up buying something you don't really need. Well, I have done that before. Maybe you are a movie dvd freak ( like I used to be.. ) and can't get your hands off those interesting ones every time you see them. Well, there must some of them in your collection that you only played once and does not matter much to be separated with...sell them... ( like I did..). And this applies to other things too.
So, lets re-organize our life and start anew. Happy saving.