(How many of us keep a budget and then spend more than we earn and ended up borrowing from Ah Long aka loan sharks? It is not too late to learn the fine art of financial planning – keeping budget, ensuring that our income is enough to cover the expenses, keeping up saving for rainy days and when hard days are in, to learn to cut down on unnecessary expenses and tighten our belts)
(A sample of my very crude but effective budget dashboard template in worksheet format – of course, I have multiple sheets for daily input of expenses and consolidation by months. The consolidation by month is more for the yearly income tax reporting)
Is this sound very familiar to you?
You received your salary on the dot and based on a rough calculation (some use only their 10 fingers), deducting estimated expenses for the month (it was food, beer and transportation for me), you gather that there is a surplus of almost RM1,000 (I know RM1,000 is bloody lot for some.… [Click to read the rest] “Fuel Price Increase: 30 Cents Up, It Is Time To Do A Budget”
An interesting topic in The Star today and I must agree there that RM100 is indeed not much today but is it?
Now let’s see that again based on my daily expenses
A) When I was studying Law part time and working full time (almost 10 years ago)
… [Click to read the rest] “RM100 isn’t much today”
Transportation: RM2.00 bus fare to and fro my house to KL (then I walk from the bus station to my work place, almost 5 kilometers away and walk again to the college – no wonder I was slim and very healthy then)
Food total: RM3.50 based on RM1.00 (“nasi lemak biasa” or 3 kari-puffs, either one for almost everyday!