1. If you receive unexpected cash, put all or most of it into your savings, but continue to set aside your regularly scheduled amount as well. You’ll reach your savings goals sooner.

2. Take care of your possessions. In this way, you’ll need to replace items less. Also, don’t replace items until it’s absolutely necessary. For instance, just because a motor in an electric toothbrush breaks doesn’t mean it stops functioning as a toothbrush. Continue to use it, and when ready go buy a new one or check the warranty.

3. Even if you REALLY want something, ask yourself, do you REALLY need this? More than half of the time it will be a big no.

4. Every time you go to buy something think of the thing you are saving for and the rough percentage of your savings so far that the thing costs and quite often you won’t buy it.

5. Most people can save something regardless of their income. Starting to save a little will help build the habit of saving. Even saving as little as $5 a month will teach you that you don’t need as much money as you think.

6. Always over-estimate your expenses and under-estimate your income.

7. Have a hobby? Match your funds. One important habit for saving is if you have a hobby, such as model airplanes, scrap-booking, dirt biking, scuba diving, etc., set a hard and fast rule that whatever you allow yourself to spend on your hobby, you match those funds to your savings. For example, if you buy yourself a $45 pair of riding gloves, another $45 goes to your savings. Serious about saving? Try doubling your matched funds! These savings plans will do two things: Save money regularly and quickly, and really show you how much you are spending on your hobby, when it costs you twice as much.

8. Make purchases with paper money, not exact change, and always save the change. Use a piggy bank or jar for your coins. Coins and change may look insignificant but when accumulated over time they can help you save. Some banks now offer free coin counting machines. When you redeem your coins, ask to be paid by check so you won’t be tempted to spend your new found cash.

9. Use affirmations. For example, repeat this affirmation to yourself until it sinks in: Debt is not an option.

10. If you get paid about the same amount on a regular basis, it’ll get easier to budget your money over time. If you have a variable income, it’ll be harder to anticipate your expenses because you won’t know when’s the next time you’ll get paid. List your budget categories in order of importance and fulfill the most important items first. Play it safe; assume it’ll be a while before you get money again.

11. Enjoy the simple pleasures in life. During the Great Depression, people still had fun, just not lavishly expensive fun. Children had soapbox derbies, teenagers had dance contests, and everyone played Monopoly, did puzzles, read, and listened to the radio. Get together to discuss philosophy or pray; play poker or make crazy quilt pillows; play instruments and dance. In those days, it took some imagination and ingenuity, but they had a lot of fun without hanging out at the mall, and you can too. Many of the friendships and alliances formed during the Great Depression on the basis of such activities stood the test of time.

12. If you can’t bring yourself to destroy all your credit cards, at least freeze them. Put them in a container, fill it with water, and stick it in a freezer. That way, if you feel the urge to use credit, you have to wait until the ice melts, and during that time you may come to your senses and realize you don’t really need to buy what you wanted to buy.

13. Try to find at least one penny on the ground everyday. Put the money you find in a jar and see how fast it adds up!

14. If you can afford to share things you have, from food to living space to appliances, try to do so. What goes around comes around when it’s between close friends, soon enough, you’ll find your friends doing the same, and everybody benefits.

（By LearnInvest, Copyright © LearnInvest)
Source : Tips On How To Save More Money | LearnInvest

Good read, was trying to make it a habit too to save

I am very spendthrift .

How u guys motivate to save with low salary?

aim noting and happy for noting .......juz work eat , work and sleep.


1)Happy take bus,
2)Happy tappao cheap n eat alone,
3)Happy with work regard how the work environment,
4),Happy stay in afforable place,
5)Happy without gf,
6)Happy without clubbing
7)Happy staying home without going shopping/movie on weekend...
8)Happy to work overtime,
9)Happy cant spend on expensive phone
10)Happy cut botak hair,

sound like monk.......,

Making money is much easier than saving money.. saving seem so hard at times

And so I'm a semi-monk

Eating alone is not fun at all. Damn I hate the feeling.

i tapao and eat with TVB drama.

Wow salute I myself quite spendthrift even though not from rich family

This post has been edited by nightzstar: Feb 27 2013, 10:51 PM

Tips - eat at a regular mamak/kopi shop, sooner or later the worker, boss, regular customers all know u. How to feel bad?

U won't get this kinda atmosphere at Starbucks, McD, Station One etc, only neighbourhood eateries where ppl talk obscenities, swear and laugh loudly got it

Haha...I hit 3/10, so maybe quarter-monk?

Agreed.

any watching "The Pursuit of Happyness"


it possible...

thanks for the articles.i try to save money too but i have too many items in my " want to buy list " how to get rid all this ? sigh

awesome show

1)Happy take bus, - Take bus and mrt, save car, petrol, road tax, insurance.
2)Happy tappao cheap n eat alone - Always do that 1 veggie and 1 meat - $2.10 for lunch
3)Happy with work regard how the work environment, - work stress or not, still need to work, so why not start with happy.
4),Happy stay in afforable place, - My room rental affordable, with air-con + unifi
5)Happy without gf, - no gf, can save more money.
6)Happy without clubbing - retired from clubbing since 18, dont like to drink alcohol =P
7)Happy staying home without going shopping/movie on weekend... - stay home watch movie online, save money
8)Happy to work overtime, - more $$ happyyy
9)Happy cant spend on expensive phone - err.. maybe work for v long then buy things u like xD
10)Happy cut botak hair, - nop..

I can apply become monk d

In before some forumer mentioned that saving money is useless. The key to get rich is to earn more and more!

If you earn more and more but never care on your spending and savings, no use also.

2) $2.10? SGD or RM? Nowadays mix rice like that at KL also easily RM3.00
3)
6) As my friend say, REAL drinkers drink at kopi shop, cos it's way cheaper and talk c0ck at kopitiam with apeks beats noisy music at clubs anytime

2) SGD lo.. walao if convert become RM5++ sakit hati
3)
6) I cannot drink, 1 sip is all it takes to make my face n body becomes red devil. Then again, smoke smell, overcrowded people, loud music.. come out already 1/2 pekak. Price also expensive

My opinion in saving money.

Once salary out, save 40% of it into the bank acc which is untouchable.

Die die spend within the 60% in that month. If there is a will there would be a way.

But yea, my method would be save first before you spend anything. Instead of spend first and save whatever leftover later. MEH.

Confirmed monk!

better save than sorry later..be moderate..

Make sure you save for the emergency fund first no matter how!

The rule to save alot :

1) Save Minimum 70% into savings account
2) 10% Entertainment
3) 20% Food & Transport

70% into saving? You must be kidding unless you have no commitments on any loan.

No need to give parents allowance?

If u earn RM5K u can use 20% for food and transport. But if someone is earning RM2K and u expect him to use 20%...

The rule applies to, even you earn RM 1000, save 70% and the remaining 30% is used for food & transport, if not enough, take the required balance from 70%

thx for sharing

No need gua?
Just as a mental masturbation excercise ,
Save 10% of gross salary from your net cash (on top of EPF savings lar) cukup for simple life.
If have grander ideas or children, 20% of gross salary from your net cash (on top of EPF savings lar) can do gua.

Editable version:
https://docs.google.com/spreadsheet/ccc?key...RWc&usp=sharing

Original version (uneditable) - for reference in case some folks totally screwed up the original:
https://docs.google.com/spreadsheet/ccc?key...bUE&usp=sharing

Please note - my GoogleDocs Spreadsheet is a bit stiff, this is my first time doing something "semi-complicated" using it.

er.. side Q - can anyone share/teach how to protect ALL CELLS & make certain cells editable by all in GoogleDocs' Spreasheet? Trying to convert all my Excels but GoogleDocs' Spreadsheet is...

This post has been edited by wongmunkeong: Mar 10 2013, 10:48 PM

wong Seafood, use "Protect Sheet" function

Thanks Pink - but i want to make them YELLOW CELLS editable wor (to all with the link, needn't log in).
What "combination" needed ar?
eg.
1. Protect Sheet
2. Highlight cells to "unprotect" and unprotect?
heheh - can't seem to do that like MS Excel (either that or i need zzz and coffee )

I m on mobile now, hard to explain in detail. Basically u protect d sheet, then allow certain parts to be editable with a password. Just put a simple password like 000 lo. another password to unlock whole sheet

er.. bro.. on GoogleDocs' Spreadsheet wor? Got ar? Cool.
I await thee - thanks for letting me pick ye brains