Personal Finance Money Tips

A Malaysian compiling Lots of tips and advices on personal financial planning - Protect, accumulate, preserve, and manage your WEALTH wisely!

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Income - Saving = Expenses

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I like to ask my friends what do they think about the mathematic equations above?
What’s the major difference between the 2 “similar” equation?

The answer is: what is the priority? spending or saving?
If your priority is to spend first, then only to save what’s left, it is most likely expenses>savings
If your priority is to save first, then only spend what’s left , it is most likely savings>expenses

Majority of wealthy people are the 2nd type. Saving is their priority!
If you find it difficult to delay your gratification, please engage some system to help you, such as EPF, endowment insurance plan or standing instruction on unit trust purchase. We can even ask our mom to save for us.

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1 comment
  1. the worst is when someone has to pay debt first every time he gets his salary. Money flies away.

    I think one should decrease expenses as much as possible even after the money is put aside for saving.

    I think I tend to be a bit aggressive. :-)

    Relax - 14 Aug 07 at 3:19 am

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