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How do you guys keep your money?, from ownselves Chat
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Flaming_lion
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Oct 30 2012, 01:50 AM
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Have separate bank accounts.
One for savings. One for expenses. One for emergency.
Take your salary, and the first thing you do is keep your savings portion (10% to 50% - its up to you how much). No matter what happens, do not touch this money at all cost.
Whatever you have balance from that, use for expenses. Write down everything you spend your money on. Once you start doing this, you will know how to control your expenses.
Whatever remaining balance, you keep it in your emergency account. This is your emergency "supply" in case you need spend extra the following month.
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Flaming_lion
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Oct 30 2012, 02:04 AM
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QUOTE(wuwah @ Oct 30 2012, 02:02 AM) thanks everyone for kind advice  I'll try with the separate bank accounts first. I'm actually students, I don't want to spend too much of my scholarships since I got 2 semester left. need to save for future.. I can actually use around 400 only per month from my scholarships. but I usually cheat myself with that  always feel very bad at the end of semester.. You should jot down everything you spend your money on. The moment you have this habit, you will know what you need to cut down on. From that point on, you'll know how to budget on a monthly basis.
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Flaming_lion
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Oct 30 2012, 02:09 AM
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QUOTE(wuwah @ Oct 30 2012, 02:07 AM) ah ya! forget about this. will try to make this as habits. I have such weak willing power usually. most things quit mid way.  at the end, feel guilty. hope things will change.. I actually have two also. but both have card and both card are within my grasp  so, I sometimes takes from the saving one  keep trying and you'll eventually get the hang of it.
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Flaming_lion
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Oct 30 2012, 12:16 PM
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QUOTE(hotjake @ Oct 30 2012, 09:11 AM) very very sound advice brah...  Its what I usually do.
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