How much do You save aside every MONTH?-OR Not?
By jacklintan
@jacklintan (1302)
Malaysia
January 16, 2011 1:43am CST
I noticed there are many households that are not managed to save 1/4 of their income every month.
Some would say, it is because they do not have enough MONEY to leave aside because of smaller pay cheque, some say, they have overly hight expenses, some even say, they have to pay off their loans and mortgages which eats up most of their monthly income.
SO, WHAT DO YOU SAY???
Do you have any good plans to save aside every MONTH to share with others in Mylot.com?
1 person likes this
6 responses
@tiffnkeat (1673)
• Singapore
16 Jan 11
The bills are mounting, the pay is miserable, the economy if flagging, school fees are up. Nothing is happening in our favor, and I am not making a mountain our of a mole-hill.
How to save? The only thing I can save right now is to save my life, and possibly my breath, I guess. But I am almost always open to hear from those who can and have demonstrated a good practical plan, considering all expenses for the entire household. I am OK to cut on anything that is not a necessity. Oh dear, is my internet connection a necessity? I better re-evaluate. If you don't see me online anymore, Jacklyn, write snail mail to me? Cheers!
@jacklintan (1302)
• Malaysia
16 Jan 11
huh???
Where are u going? just because you want to cut down your expenses, you're going to get rid of the connection too?? This is crazy.There are lots of things you can benefit from online, silly.
You still have a life to live. Don't be so frugal ok?
@tiffnkeat (1673)
• Singapore
16 Jan 11
Hey, Jacklin, time for you to put a face to the ID la...You are not a white figure on a green background, are you? If you do that, I promise not to cut my internet connection regardless of financial turmoil. Fair?
@jacklintan (1302)
• Malaysia
16 Jan 11
Hi BuxTime,
This friend of mine, tiffnkeat is a joker with a big heart.
Next time, if we see him, make sure he pay for our drinks! LOL
P/S: Whining is a waste of time. Too bad, there are people who like doing that. Probably whining is an excuse for them, for not doing anything, I guess.
To tiffnkeat,
How to do that ler? (I'm online now) See U
@petersum (4522)
• United States
16 Jan 11
Whatever plans I make are always disturbed by the utility bills. With electricity bill coming every four months, water every two. and gas needed every six weeks or so, all is well until the times coincide. Then the massive outlay wipes out any savings. Definitely not enough income!
@jacklintan (1302)
• Malaysia
16 Jan 11
hi petersum,
hmm...probably you need to consider increasing the earning power instead of just savings from the SAME hefty amount, since it's eating out your savings.
@jacklintan (1302)
• Malaysia
16 Jan 11
hi binggaling,
First, where are you from? Secondly, utilities bills is everyday, 365 usages.The only way, we can think of is CONTROL the usages.
If you have decrease the usages, try maintain it. Even after you have decrease the usage of the utilities BUT the amount is still same/increasing, guess you have to report to the department to investigate the problem. Could be the meter.
Good luck
@jacklintan (1302)
• Malaysia
17 Jan 11
Sad to know even the government cannot do anything about it.
I have a feeling it's corruption involved.
@puccagirl (7294)
• Israel
16 Jan 11
I have a system that automatically saves 10 % of my income as soon as I get paid, so I never even see this money. My goal is to save 15 % of my salary every month, but I am not quite there yet. But 10 % of my entire income is pretty okay as well.
Oh, and I save like 90 % of my online earnings as well. This really helps too. So do not spend all your online earnings as soon as you get them, and try to automate your regular savings would be my advice!
@jacklintan (1302)
• Malaysia
16 Jan 11
Hi puccagirl,
Assuming you earn 2000 permonth, automatically you save aside 10% (200).
Left another 1800 for you to spend.
You have a goal to save another 15%( 270-maybe).
If you have less expenses and less mortages/bank loans, I think you can save up alot.
U have 90% earnings from online...which is extra. :) Good on you.
@jacklintan (1302)
• Malaysia
16 Jan 11
if price increase, you have to increase your earning power.
Nothing can be done on this as it is a global issue these days. Food price increase, the gas and natural resources...lifestyles, life expectancy...etc
(blah-blah)
Insurance is another form of good investment.
@Shinomori (7)
• Brazil
16 Jan 11
I never try to save money ..
But I think I'll begin to do this..
xD
