Prudent? Frugal?

Nowadays i realize that i always spent more than save. When i see my saving account, i will shock where my money goes? Even myself also unable to answer this question.

End of February, i bought a book from MPH,mid valley. The book was written by a Japan author who are sharing her ideas of how to do budgeting. At the beginning of the story, she talk about how she always fell during the end of the month. She realize that her savings come to zero amount,she will shock that where is the money gone. When she sat down and think back,she just realize that she always spent her money in those goods or food that are unnecessary. One day, she went for a secondary schoolmate gathering party, she heard that most of her friends are having cars, house, always travel and etc. When she look at her friends and look at herself, she will start to feel regret. Because of that, she decided to have a budgeting plan for herself. It was really a funny and awesome book which can used to describe me.Below are some useful methods sharing by the author:-

a) always note down what you spent each day.
b) Note down what is your Needs and Wants
c) you can enjoy your life for going some entertainment such as clubbing,
High Tea and etc but make it only once a month. Once a month will make
you more enjoy for the valuable moment
d) open different account,such as future account (saving for future needs)
and spending account (which the money can use for emergency case)
e) Set how much you want to spent per day (Can't spent more than that but
save the balance amount.
f) Once you know how much you would like to spent each day, combined 1
weeks budget money in one envelope, which mean you need to have four
envelopes each month for 4 weeks.Only can open the envelope each
beginning day of a week to avoid spending to much.


Besides the book, i found a useful website AKPK. This website contain few articles relates to the financial management. Below are some points which i feel is important to know:-

Reduce Daily Expenses- Before buy anything, ask yourself:-
a) Do i really Need this?
b) Can i get it cheaper somewhere else?
c) Can i get it for free?

Few things to think:-
a) Which spending can't cut?
b) What is the minimum i need to live?
c) Which spending is NEEDS and which is WANTS?
d) What would happen if i delayed some of my spending?
e) Can i buy cheaper substitutes?

Other than that, in order to be a smart saver, we need to write down our goals, what we really needs and wants. Needs are usually a main spending for us but a want is preventable. As WANTS is just how we maximize our satisfaction instead of really need it for daily survive.

Hopefully everyone after reading my blog will know what to do in order to achieve their goals of travel aroung, own their new property and etc. By posting this blog, i hope that myself can also did a budgeting plan which suitable me and no need to take so long time i can able to travel any countries that i like. All the best to all my readers.