Nowadays, everyone talk about money. ‘’No money No talk!’’.
Petrol price is increased and so does others.
As a result, Less people travel around!~ Less people shopping!~ Less people go for entertainment!~ Less everything!
So now everyone is working hard to earn money~ But saving your money is the best solution.
Here are some tips~
Calculate all your expenses each month
(example: food, rental, petrol, etc.)
Then see your income > expenses or expenses > income.
When you notice how much you spend, you will try to save money~
Next, income minus expenses~
Use 70% of the balance for saving and the rest(30%) just spend it.
Example:
If your income RM1200.
You spend RM800 on expenses.
You left RM 400.
Each month you save rm280 and you can spend another extra RM120
1 year you have RM3360.
Use RM3360 to invest in
1) Properties or
2) share/stock market
3) Unit Trust
4) Saving Bank
5) Fix deposit
The easiest way to save your money is save in banks.
But the rate is SUPER LOW! 0.05% =.=
For Maybank: every 6months you will get the interest.
If you put your money in fixed deposit, your min is RM500.
Bank rates in 1 year = 3.7% interest
RM3360 x 3.7% = RM124.32
Each year you have earned RM124.32
NOTE: Don’t save in a particular bank. Save your money in different banks.
Petrol price is increased and so does others.
As a result, Less people travel around!~ Less people shopping!~ Less people go for entertainment!~ Less everything!
So now everyone is working hard to earn money~ But saving your money is the best solution.
Here are some tips~
Calculate all your expenses each month
(example: food, rental, petrol, etc.)
Then see your income > expenses or expenses > income.
When you notice how much you spend, you will try to save money~
Next, income minus expenses~
Use 70% of the balance for saving and the rest(30%) just spend it.
Example:
If your income RM1200.
You spend RM800 on expenses.
You left RM 400.
Each month you save rm280 and you can spend another extra RM120
1 year you have RM3360.
Use RM3360 to invest in
1) Properties or
2) share/stock market
3) Unit Trust
4) Saving Bank
5) Fix deposit
The easiest way to save your money is save in banks.
But the rate is SUPER LOW! 0.05% =.=
For Maybank: every 6months you will get the interest.
If you put your money in fixed deposit, your min is RM500.
Bank rates in 1 year = 3.7% interest
RM3360 x 3.7% = RM124.32
Each year you have earned RM124.32
NOTE: Don’t save in a particular bank. Save your money in different banks.
The more you save, the higher return~
Example:
Bank A : Saved on JAN 2006
Bank B : Saved on MAY 2007
Bank C : Saved on NOV 2008
To avoid problem if the bank facing bankruptcy:
Save only rm60k in a particular bank.
Because, the insurance only claim for rm60k. If you save RM100k, you only can claim back rm60k.
Have fun saving money~ :)
