Wednesday, January 27, 2016

2016, make me richer than I was in 2015!


This is not a food or review post. More of a reminder-to-self kind of post.

After the festive seasons like Christmas and New Year, not only my weight must have increase at least 3kg, I always felt that the hole in my pocket are getting bigger and bigger. So, one of my 2016 resolution is save more money!

Was searching online for some tips on how can I save money. I noticed that this website, http://www.wikihow.com/Save-Money compiled all the important tips on how to save money of course, they are called 'wikihow'! Here are some I found more relatable and have combined them to make more sense tips taken from the link are in bold.

1) Put away money next. Whenever we receive our salary or allowance, put a small sum or 10% aside before we start spending it. Also, save for an emergency fund/rainy days. It is also recommended to start saving as early as possible. Have a reasonable savings goals with a time-frame established. Last, but not least, pay off any debt.

2) Keep a budget and record your expenses. Avoid accumulating new debt

3) Don't get discouraged.

My personal experience with the 3 tips I compiled above,
1) I do put the money aside but whenever I am broke, I will always end up using my saving/ emergency funding.

2) Once again, I did keep a budget and record my expenses... The keyword is 'DID'. I only managed to keep record of everything for 2 weeks only and that budget, it burst when I decided to sign up for another facial package.

3)
  
 
Anyways, I have set four saving goal for myself this year, 2016!
1) Save at least $8000 by 31 December 2016
2) Only take taxi when needed maximum 2 times per month. Use other form of public transportation like buses and MRT every time.
3) Spend money on necessary items only. Wait.. Is facial and slimming necessary??? 
4) Save more money according to this 52-weeks challenge I found online.

By 1 January 2017, I will post an update for this post and 
whether did I meet the goal!