Manage your finance!

Its been a while since my last entry kn.. I was busy with my financial planner class n the class dah pun habis..yeayy. but  I have to prepare for the exam this February. Seperti yg dijanjikan, I wanna share some of financial planning input which I think sgt2 berguna especially for those still searching for the right way to manage their money.. I am here to share J

Do you know that actually we have to save around 45% from our monthly income? Quite a lot kan. I don’t know either. Check this table below to know the details.

Percentage (%)	Details	Example
10	Save and Invest	ASB, Unit Trust, Insurance
10	Save and Spend	Marriage, Buying house
10	Emergency Fund	Unexpected event
5	Charity	Zakat, Donation

Wondering how to save that much when monthly balance isn’t enough? It is ok. There are two ways you can decide on :

1. Reduce unnecessary expenses

2. Looking for extra income (part time job/switch job)

First thing yang I buat untuk reducekan expenses is…….record my daily expenses. Like fuel, food, entertainment and shopping. Every single cent, count in! At first sangat leceh but at the end of the month, I know where my money wasted to. Proven! Memang korang dah dengar benda ni banyak kali but the problem is, korang buat x? Practice it now. From this, you will learn how to earn the money for the saving part..

Tapi sekarang dah ramai orang buat business or part time job utk extra income. Good start! By doing that, korang bukan saja dapat extra duit tapi dapat jimatkan duit.. why?? Masa yang terluang dihabiskan dengan bekerja dan bukan dengan shopping or any others entertainment. So duit pn dapat dijimatkan.

So lets start SAVING! You can start save as low as you can. Even RM10. Based on korang punya kemampuan. “Sikit-sikit, lama-lama jadi bukit” J

If you want to know more, hit me at hanimripaee@yahoo.com. I am not expert, but it is really worth sharing with you guys.. plussss, if any wrong info, please do let me know too k. 

:D u know u love me