If you want to say goodbye to not having enough money each month, you can start learning bookkeeping now, which means keeping track of your expenses each day so you can have a better understanding of your spending.
Through bookkeeping, you will find that many expenses are spent on luxuries rather than necessities. For example, a mid-afternoon snack, an ice cream or a Starbucks coffee, which can all be classified as luxuries. You can go from 1 Starbucks coffee per week to 1 Starbucks coffee every two weeks, and so on.
In addition, moonshiners can try for “spend-as-you-save” rule. Spend-and-save rule means that for every item you buy, you save the same amount of money at the same time. For example, when you eat a RM15 lunch, you are saving RM15 at the same time.
Alternatively, you can also learn RM5 or RM20 note savings method. Whenever you receive a RM5 or RM20 note, you save it. You can only use RM1, RM10, RM50 or RM100 note.
Choose the most suitable method of saving money for yourself and start planning for your future now.
