Home > Whatever > [E] A Penny Saved is A Penny Earned

[E] A Penny Saved is A Penny Earned

NOTE: the idiom above means that we shouldn’t spend or waste money, but try to save it

let me share with you some tips given by my financial-related-work friend, Faiz regarding money saving. it is important for us to have our own saving, in case there are circumstances that might need us to use big amount of money.

  • when we get our paycheck, spare and ‘hide’ a portion of our salary as our saving. to do this, we have to make our monthly budget. DO NOT USE the moneythe wrong method of doing this is “SPEND our salary and THEN KEEP the balance as saving.
  • TAX our expenses. these would make us more thoughtful in spending the cash. let say, breakfast cost us RM2.30, the balance of it is 70 cents. ‘bank in’ the balance in a coin box and tax the expenses, let say RM1. then, bank in all the taxation in the coin box in your saving account, it is safer and wiser.
  • stay at home on weekends (or anywhere that don’t require us to spend money). try to do other activities that would prevent us from going shopping.
  • list all the things before going to shop. we should only buy the things we need rather than buying things we want.
  • key in our expenses dlm Microsoft Money.. or any other application that can view our expense graphs. from the graphs, we could review and re-budget our expenses.
  • for budget, breakdown to weekly expenses instead of lump sum. do not keep a big amount of cash.
  • print a picture of something that we really want, like ermm.. interesting vacation places, big house, cool car or anything and paste them on your wall (where you always can see them). this is to motivate us to save more~

it is never too early to save. or we better late then never. i am practicing these tips myself, but i always cheat on the taxation. haha… i better be more discipline!

do you have any good tips to share here? do leave a comment. i would be very happy! and thank you!

Categories: Whatever
  1. July 26, 2008 at 7:52 PM

    What a great blog you have here. I also love fashion and my passion always towards my own traditional costume. Such as Baju kurung, baju melayu, cheongsom and saree fashion

  2. Iz
    July 27, 2008 at 7:58 PM

    lol.. ;p

  3. July 28, 2008 at 10:12 AM

    suraya >> tenkiu~ i just discover another me who loves sewing.. haha~ if i have time and $$, i would absolutely enroll in sewing classes to learn new designs.

    faiz tse >> lol je? tambah la lagi tips.. huh

  4. Nor Hidayati Yahya
    July 28, 2008 at 11:12 AM

    Wah mcm ni hang cepat lah jadi kayoooooooooooooo!!!!!!!!!!!!!

  5. July 28, 2008 at 11:16 AM

    cisss, ni sape plak amik name penuh aku nih?? mokhzaini azizan kah?

    btw, aku tak kayo pon.. kalo aku kayo, i don’t have to practice these tips laaa~ i follow saranan kerajaan, ubah cara hidop. i can still spend money, but.. i have to tax ’em. ngeh2

  6. andy
    July 28, 2008 at 12:50 PM

    biase lps breakfast, lunch or dinner konfem dpt duit syiling.. simpan syiling tu start time 1st year dulu~ skrg koleksi duit syilingku masih bnyk kalo nk blanje budak² mkn gula² pun mcm tak abes².. kalo timbang ntah bape kilo agaknye..

  7. July 28, 2008 at 12:56 PM

    syiling byk2 tu mskla dlm bank.. deposit kat saving account ke.. dptla dividen. kalo dok dlm tabung, xdapekla dividen. rugi2.. heh

  8. Iz
    July 28, 2008 at 9:58 PM

    edot.. aku rasa blog ko ni yg ade masalah teknikel.. ni camane entry aku pun bleh bg comment ni?

    so u r using microsoft money? good eh? hehe.. keep it up..

    tips.. hmm.. well.. these are the basics i can think of.. yg lain2 tu maybe bit technical.. do visit my fren’s blog to know more bout investment alternatives.. nadlique.. he’s on my blogroll..

    ~bank persatuan just declare 10% dividend.. not bad..

  9. July 29, 2008 at 10:17 AM

    hah? apa sudah jadi ni.. pelik2. oh Win ckp tu ping namanye, tahla ape ke bende. ape2 pon aku dah delete sebab aku rase cam tak relevan dgn post aku. kih3

    ye, gune ms money, tp trial version, xjumpe any available crack. tp aku tak reti sgt la gune, just mskkan value sket2 bole la.. heh.

    psl investment tu, haih.. bile la aku nk mule. skrg ni xleh lagi la kot sebab ade plan yg perlu duit byk. hmm, NEway time kasih kerana gelak bile bace blog aku ni~

  10. July 29, 2008 at 2:40 PM

    “ni camane entry aku pun bleh bg comment ni?” + “hah? apa sudah jadi ni.. pelik2.”

    = tuan2 & puan2, tu pingback namenye.. (aiseh, awk dh delete ke ping tu?)

    cth: if content 1 post dlm blog si A ade hyperlink ke 1 post dlm blog si B, automatically post si A tu akan jd “comment” dlm post si B.

    kite yg tentukan nk enable/disable ping utk 1 1 post tu.:mrgreen:

  11. cikana
    July 31, 2008 at 3:14 PM

    enjoy reading yr blog. winz nnt tlg install microsoft money. nak save cam ida. ida baju nikah nak pakai warna apa. sori lama x cal.terbz cam ntah pape.

  12. July 31, 2008 at 3:38 PM

    microsoft money yg ida ade tu trial version.. dlm bln 9 nnt expired. kalo cik nk try gune.. hehe.. bole je. tp ida sendiri pon terkial nk wat transaction~ haihhh

    baju nikah? blom pikir lagi~

    ida pon bz tah ape2 tah.. pdhal bkn ade bende yg perlu ‘dijage’.. single pon bz~ kekeke

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