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We start budgeting to ensure that we always have enough money in advance for the things we need or would like to do. However, once in a while, have you ever find yourself running out of money even though you’ve created a budget plan? Many people do not realise that they’re making crucial mistakes in their spending plan which eventually ended up costing them more. These mistakes often seem small and perhaps not even seem like one which leads you to overlook. Are you on a budget? Let’s identify if you possess any one of these common budgeting mistakes. Being unrealistic People[…]

Find yourself emptying the coins from your pockets or rummaging through the coin box in your car for spare cash every other month? You may be living beyond your means when you constantly find yourself stressed out over money. It’s barely halfway through the month but you’re already stocking your kitchen with instant noodles. Sometimes overspending may also be a sign of underlying emotional stress which causes people to comfort themselves through ‘retail therapy’. Our lifestyle choices dictate our spending habits. The way you choose to spend that extra dollar bill in your wallet is a choice. It would not[…]

Have you ever noticed that in a restaurant, a bowl of caesar salad would cost you around RM19, whereas a plate of nasi lemak is only RM6 and keeps you full till evening? Have you ever wondered why it costs you so much to stay fit? Some people are eager to live a healthy lifestyle but since it cuts a hole in their pocket, they opt for roti canai and teh tarik instead. That’s what people find more budget-friendly. Is living a healthy lifestyle a privilege? No, it’s actually not Eating clean and staying fit is not a privilege. Health[…]

If you find yourself to be short of cash every month, then most likely you have some spending leaks that you need to identify and put a plug to it. Having no money left can be very troublesome as you never know when a financial emergency might hit you. It is best to do a financial check-up every quarter to determine if you are living from paycheck to paycheck. This may help you to identify some common money mistakes and spending leaks. 1. Lifestyle choices Why are so many of us living life from one trend to another? I’ve personally[…]

Of all the necessities in our life, it’s safe to say we put a lot of priority on food. Food is essential – it fuels our energy and it helps that they’re delicious (most of the time, at least). We physically cannot live without food which is understandable why majority of us spend a lot on it. But, should we really overspend on food alone? According to research, Malaysians who earn minimum wage spend nearly 40 per cent of their salary on groceries. So, if the minimum wage in Malaysia is RM1,100, that means these people are spending almost RM400[…]

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