SPENDING WISELY

Budgeting is important for anybody no matter how much your income is. Firstly, you have to know where do you stand financially. Know your net-income. Remember, that every month we get our salary so never forget to list down all your EXPENDITURE. Total up all expenditure and then compare with your income. It is important to identify WHAT YOU WANT? The most FAQ "Where have my money gone?" If you realise that your living lifestyle exceed the limit of your income, better watch out. You should trim unnecessary expenses such as, spending on cigarette, (quit from smoking is much, much better, smoking is also bad for health) shopping for branded items and unnecessary things such as costume jewellery. Some people find it hard because they are overwhelmed by today's consumers culture, and lifestyle.

I also have gone into debt problem. Now I'm setting a goal that by middle of next year I'm gonna settle all my personal loans. For this year, I have manage to settle my credit card debt. So starting from March, I have save about RM1,000 per month in order to settle the personal loan. I got 2 personal loans from 2 different banking institutions, total=RM20k.At the end of the year I got another committment- housing loan. Thats another head-ache! So my goal is to settle the personal loan ASAP. Well life as an ordinary people, can't run away from debt.