When a person write their expenses and their income for personal financial review, most of them will notice that their expenses is more than the income or the expenses is too high than they expected. The person will not know where the money gone and sometimes 10 sen a day can make you lose RM 365 a year.
So how to trace where your money gone and how to cut your expenses?
One good exercise is by write all your expenses from thousand ringgit to 10 cents.
Why bother to write even the smallest amount of money?
Because when the amount of 'sen' (eg. sweet you buy from a convenient store) added up on one week can become 7 ringgit and if the seven ringgit one week for the whole year is about RM 365.
What is the effect on you if you write all your expenses?
You will become cost conscious and you can save thousand of ringgit a year.
This method require a self decipline to works and eventually you can make a saving per month and have some emergency fund, retiree saving, investment fund and become happy, healthy and wealthy.
e premte, 13 korrik 2007
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Write what you spend |
e diel, 1 korrik 2007
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Study loan defaulters to be blacklisted |
The student who dont pay their PTPTN will be named in CTOS system. By looking at this article, even PTPTN seek help from CTOS to make the borrower pay their loans.
Recent news that the Malaysian government did not authorized CTOS will make some of people who have named in CTOS systems happy. But the most important lesson from these two story that if you want to make a loan or even borrow from someone, make sure that you pay back what you borrow. If not, the banks will not give you a loan or you will have created a bad image of yourself to the lender.
If you think you cannot pay back what you borrow, then don't borrow or make loans at all.
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