Group it

I am sure when recording your expenses, you sure would like to make a remark on those expenses spent. May it on food, petrol, toll and etc.

Basically you can categorise it to food, petrol, toll & parking, loans, entertainment and etc. The purpose of categorise your expense is to know which area you spend your money. You can control which area you overspent or spent on unneccassary things such as entertainment. Which this money can be better use on paying your loan or saving for future.

Try this, sure you will be surprised when you check it at the end of the month where actually your money is being spent.

Record it

Once you can control your buying desire. I am sure sometmes you might wondering what are the things you have spent. Then why not you record down your expenses. How to record it down? It very simple. You can buy a 555 book or if you have Excel or any spreadsheet apllication in your computer. Just record down what you have spent.

Try it out, just need you to spare a few minutes. You will be surprised at the end of the month when you check your expenses record.

Start to manage your own money

Petrol prices increase. Instant noodles price increase. Hawker food price increase.While salary hardly increase.

There are many articles on newspapers telling us how to spend our hard earned money wisely during high inflation time. But how many of us will really follow the financial expert advices?

Lifestyle plays an important role in how we spend our money. As for my own experience, we really need to control our buying desire. Spend only what we really need. Or else save the extra cash. This is the first step to build up our wealth. Controling our buying habit is important because without this, whatever plans we have for our financial planning will never kick start as there will be no extra cash to save or invest.

Hard ya to decide what to buy and what not to buy. Wish I have lot of money to spend. That is everyone wish also. But well back to life, we can only wish. Action will decide where we will end up in the future.

Cheers!

My first blog serious!

I am not really know how to use blog. But after reading some of my friend blogs. It kinda give me some ideas what is blog is about.

Feel kinda cool if I have my own blog. But what is my blog main topics will be? Financial and money? Not a bad idea even though I am not a certified Financial planner or studied finance courses. I think eveyone has their own way of spending their hard earn money.

Hopefully my experiences of managing my financial (money), can't really use financial cause I have only little money to spend.

Pardon me if my english command is not that strong or spelling mistakes here and there.

Let hope my blog will be here for long time!