Comments on: Reality Bites http://kclau.com/wealth-management/reality-bites/ Personal Finance Money Tips Thu, 09 Feb 2012 02:31:24 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: LAI SENG CHOY http://kclau.com/wealth-management/reality-bites/comment-page-1/#comment-151716 LAI SENG CHOY Mon, 22 Mar 2010 12:54:41 +0000 http://kclau.com/?p=1723#comment-151716 I have been working within my budget and living frugally no matter the economy is in recession or not. As long as there are needs, I will allocate funds for that. As for wants, I either delay or cancel them. Of course, most importantly, we need to have emergency buffer for any unexpected rainy day. I have been working within my budget and living frugally no matter the economy is in recession or not. As long as there are needs, I will allocate funds for that. As for wants, I either delay or cancel them. Of course, most importantly, we need to have emergency buffer for any unexpected rainy day.

]]> By: KCLau http://kclau.com/wealth-management/reality-bites/comment-page-1/#comment-151701 KCLau Sun, 21 Mar 2010 00:56:29 +0000 http://kclau.com/?p=1723#comment-151701 These are the things within our control. Most people who are in financial difficulty never realize that 90% of the result is within our control. Only 10% is depending on luck. These are the things within our control. Most people who are in financial difficulty never realize that 90% of the result is within our control. Only 10% is depending on luck.

]]> By: Bujang http://kclau.com/wealth-management/reality-bites/comment-page-1/#comment-151683 Bujang Thu, 18 Mar 2010 10:25:35 +0000 http://kclau.com/?p=1723#comment-151683 sorry for the typo error sorry for the typo error

]]> By: Bujang http://kclau.com/wealth-management/reality-bites/comment-page-1/#comment-151682 Bujang Thu, 18 Mar 2010 10:24:53 +0000 http://kclau.com/?p=1723#comment-151682 Hi KC, What I've did is simple and manage to strech my bucks. Something I remebered as below: 1) Bring home cooked food rather than going out for lunch, save me at least RM7 per day x 22 = RM154, 2) Cancelled my gym session and start walking / running near my taman, more safety, less time consuming and more time with my nieces. RM50 a month 3) Cancelled 1 credit card and restructured my debt, I am using high interest rate first method and I am no longer charging anything on my credit card (kept it at home for emergency only). Save on interest for RM8K at 15% per annum = RM1200 (rough calculation) 4) Maintain my old phone, evethough not classy enough for nowdays, but as long as I can call, receive call, check missed calls and sms, then I am okay. So forget about getting an Iphone till I save tripple for it. 5) Maintain my ride carfeully and use it carefully too, as I found my money drain towards my car due to not taking care it properly enough, but now the ride is superb and I can balik kampung via care compared to by plane. Save RM 1200 a month (cost for flight ticket+taxi+parking return trip) some of these have somehow provide me a positive cashflow in last 3 months!! still long way to go mate, 6) Hi KC,

What I’ve did is simple and manage to strech my bucks. Something I remebered as below:
1) Bring home cooked food rather than going out for lunch, save me at least RM7 per day x 22 = RM154,
2) Cancelled my gym session and start walking / running near my taman, more safety, less time consuming and more time with my nieces. RM50 a month
3) Cancelled 1 credit card and restructured my debt, I am using high interest rate first method and I am no longer charging anything on my credit card (kept it at home for emergency only). Save on interest for RM8K at 15% per annum = RM1200 (rough calculation)
4) Maintain my old phone, evethough not classy enough for nowdays, but as long as I can call, receive call, check missed calls and sms, then I am okay. So forget about getting an Iphone till I save tripple for it.
5) Maintain my ride carfeully and use it carefully too, as I found my money drain towards my car due to not taking care it properly enough, but now the ride is superb and I can balik kampung via care compared to by plane. Save RM 1200 a month (cost for flight ticket+taxi+parking return trip)

some of these have somehow provide me a positive cashflow in last 3 months!! still long way to go mate,
6)

]]> By: Sayeed http://kclau.com/wealth-management/reality-bites/comment-page-1/#comment-151677 Sayeed Thu, 18 Mar 2010 01:27:51 +0000 http://kclau.com/?p=1723#comment-151677 All the above is very true. Some people got it when the economic recession happenned in the past 1 1/2 years, but some got it even earlier somewhere in thier lifes. Healthy lifestyle awareness is being supported with saving as well. Lot more people nowadays are eating at home rather than having meals outsite. The reality shows like Biggest Loser, have put some sense into people that eating right food with right portion helped, people who are aware of thier lifestyle are modified to meet requirements. This would not only help current unwanted spendings at Coffee Bean or expensive fast food chains even mamak restaurants are expensive nowadays, but long term avoidance from medical bills. For those are already on financial recovery and planning, good luck for our successes. All the above is very true. Some people got it when the economic recession happenned in the past 1 1/2 years, but some got it even earlier somewhere in thier lifes.
Healthy lifestyle awareness is being supported with saving as well. Lot more people nowadays are eating at home rather than having meals outsite. The reality shows like Biggest Loser, have put some sense into people that eating right food with right portion helped, people who are aware of thier lifestyle are modified to meet requirements.
This would not only help current unwanted spendings at Coffee Bean or expensive fast food chains even mamak restaurants are expensive nowadays, but long term avoidance from medical bills.
For those are already on financial recovery and planning, good luck for our successes.

]]> By: Chew Keng Sheng http://kclau.com/wealth-management/reality-bites/comment-page-1/#comment-151660 Chew Keng Sheng Mon, 15 Mar 2010 07:04:43 +0000 http://kclau.com/?p=1723#comment-151660 I have resorted to reduce to have just ONE credit card account; canceling all others. And I find that it is more than enough. I have resorted to reduce to have just ONE credit card account; canceling all others. And I find that it is more than enough.

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