100% agree cash with trash

If you want to throw away your trash, please fill free to treat me as a garbage dump.

I' ll start. I have since end of last year:

i) Cancelled all my supplementary Astro lines whilst maintaining the main line.

ii) Cancel 5 of my credit cards, maintaining just two which was issue by the bank custom.

iii) Switch to RON 92 petrol for my car.

What have you done?

I wish to see this thread serve as a repository of wise ways to improve ones' finances.

Mod, is this ok?

Xuzen

This post has been edited by xuzen: Feb 23 2009, 01:56 PM

Hmnnn - thought there was a similar thread to this somewhere here, no?

1. well - I tapow my own lunch to work - sandwiches. healthier and cheaper

2. my mum in law cooks dinner for me daily, except Fri to Sun.

Discounting debt payments - you'd be suprised that food actually takes up a huge % of your expenditure....(Well, for me anyway)

So - just my 2 cents.

Money is just an idea, it was never real.

Phoeni_142 I agree completely. Bringing food to work, eating a decent breakfast at home and cutting down eating out can bring my food + groceries from 20% to around 15%.

I also have the habit of bringing water from home when eating out. Whether we eat at a food court or fast food or even restaurants like Nando's/Secret Recipe etc. the family won't order drinks. It's cheaper and healthier. Of course it's cheaper to not eat out but we a break sometimes too

Of course I'd love to cut down more on expenses but I don't really see where I can do it right now...

wah, very strong words chief

Gonna disagree wif ya here, personally think cash is king now, PROVIDED one know how, what, and when to invest

I'm never stingy when it comes to food.
But than again, am still thin
Also, trying to cut down on "good" food nowadays. Visiting lesser restaurant.

some money tipsee I have --> Make sure your car's monthly installment doesnt exceed 10% of your take home pay.

Else, just use other means of transportation.

Well, it's okay to agree to disagree.

strong words meh? Sorry lor - i already feel that my cash buffers is too over-inflated.

Oh - just saw your "PROVIDED" word above - very smart ah u? Very "diplomatically correct"

By the way - the quote CASH is TRASH - came from Mr. Kiyosaki. Not me. Just happen to agree with it.

---

Added on February 23, 2009, 9:48 pmAh - i've heard that "never stingy when it comes to food" line countless of times.....

I eat healthy economical sandwhiches for lunch......but eat expensive gourmet dinners as well.......oops.

LOL - look's like I don't save much anyway....

By the way - I had subway for lunch today - Blo*dy Hell! - D@mn expensive man - one of those 6 inch buggers!

This post has been edited by Phoeni_142: Feb 23 2009, 09:50 PM

hehehe, have to be lah, protect own arse kua

Actually, I do agree with the phrase, just not in today's context. Think stocks valuations r already quite attractive, and its gonna get even more juicy in the next coming months. Residential and commercial properties prices r still holding up, but downward revision will be imminent in the next few months.........hence why I think hoarding cash now is not so bad unless one find a brilliant deal today.

Just wait for a while, watch the bloodbath then start utilising warchest

every mth i saved more than half of my salary. how? do yr own predicted and timed budget... that enable u to get know about the actual fin position of yrselves.

keep yr spending widely.

hi, sorry to offend u.

pls prove me how u survive in this recession/depression if u no have cash.

if u have rich cash in hand, dont u think automatically u can have few more property and stock in hand as you can hunt them in discount

rate?=.="""

wa.. lots of posts missing

The one from Jason, I had not completed reading.

look for those girlfren use less comestic, work as accountant . Bcuz they know how to count ,rather than those uptrend type girlfren .

like that i'm in big trouble. I have to increase my income by 70% of my surrent income to meet this requirement. Now my car installment takes up about 17% of my income

exactly how how many people earning

- RM7K drive a car that needs RM700 installment?
- RM10K drive a car that needs RM1000 installment?

A better rule: calculate your yearly salary.
Your car should be priced near that figure.

cash is trash?

well why do you invest in propertis and stocks anyway? isn't it because you want to generate more cash? and can you buy your food with your stocks and houses?

Sigh - i am not going to bother replying this post after this. U missed the 20 posts or so posted on this topic by the way.....Yes, u missed the action - as all the historical posts have been deleted.

1. Guys - Don't take the term so literally. Cash is trash is just to state that there's no point hoarding cash in a FD - for it to eventually get erroded by inflation. It's better to put it to good productive use.

2. For the record, the saying CASH IS TRASH was mentioned by Mr. Kiyosaki......Not me. I just happen to agree with it.

ARGH - I hate repeating myself. Wonder how many more controversial posts there will be. DEJAVU ALL OVER AGAIN.

This post has been edited by Phoeni_142: Feb 26 2009, 12:11 AM