QUOTE(GodTier @ Jun 10 2019, 11:33 PM)
I started saved majority of my salary last year after payscale increased, deduct the 'must spend' usage like cheap food, phone/electric bill
Just used my bonus to buy new phone gadgets, renew roadtax tire maintenance etc.
No spending on shopping, leisure travel, night minum, big makan, belanja gf or socializing or anything. Not even cinema. I use seed box torrent je.
So what now? Through blood and sweat, I got ringgit 300k ish saved up now, should I continue frugal to save more?
Any advice?
Because I hate the feeling of ' I can have burger, why am I eating plain nasi lemak ikan bilis to save money', give me some inspiration please.
From the day I started earning money on my own I've always saved 30% of my income. Allowances and bonus? I always view that as extra to save.
I try to limit my expenses to 60% of gross income and any extra I try to save it up too.
How I keep savings :-
3 months salary in current bank account, consider it as "emergency money"
6 months expenses in FD.
Balance : 30% save towards a short term goal, 70% towards a long term goal.
Yes it does mean making choices in life, it means I lived with parents or in a rented room in a PPR on the cheap rather than a fancy studio, it also meant I drove a 20 year old car instead of a Honda City or Toyota Vios when I first started working. It also meant I pack chap-fan, chicken rice or bread for lunch instead of eating at restaurants and cafes and it also meant when out on a date I always "Go Dutch"