1. Save the housing expenses. Electricity, water bill is a hidden cost when comes to housing expenses. So, we will have to keep an eye on the usage. I believe this will be a good habit even the economy picks up one day.
2. Having simple meals instead of going to fine-dine restaurants. It's always feeling good to have some good food when we are allowed. Well, when our pocket is allowed, ha! Learn how to cook at home and enjoy the meal at home! It safes our precious time and car petrol, in the other way!
3. Having a traveling plan ahead? Need a break and vacation to free your mind? Go for a budget type, instead of luxury trip, if you really feel like to have a short break!
4. Gadget newbie? It's just an extra expense to get yourself a new gadget like handphone, camera, computer, etc. I know there must be a lot of good deal during economy down turn. Get it when it is a must or necessary.
5. My 4-wheels transportation is old. If your car can be wheel alright still, do not look for a new one. Car is a depreciating item, bare in mind that. Unless you have confidence on your financial statement.
6. Shopping!!!! Women love shopping, even a window shopping! Try to cut down the chances of hanging around in shopping malls. A piece of RM50 worth of cloth can add up to 3 or 4 figures at the end within a month or two.
7. Credit card, the future money. I personally do not have a single credit card. I don't have anyone of it! I control my buying power and budget all the time for better accounting purpose. Well, this depends on individual case. Some people prefer looking into or keep an eye on monthly credit card statement for budgeting.
It's always good to control cash in our hands. Cash is King! =)
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