Personal Saving

How many times you have ask yourself where have all money gone? What have you spend on? When did you spend them? Never notice your spending habits, now is you to take control of your money sense.

Do work out your daily budget, meaning if you need only $20 a day, just have enough for that. Any excess will be addition spending, because you will have the concept of not buying enough. Unless you are good enough to control & track your spending even having excess cash.

Credit cards are useful, as you get to pay later. But using credit cards increase the risk of overspending. If you ended up not clearing your bills, it will eventually snow-balled to a larger bill.

Do you have any bad debts? If you do, please hold out your credit cards and cut them half. Then do repay your debts slowly but make it a point to pay up. This period will be quite stressful, but if you tide over, everything will be fine. If you want to buy something, wait till you save enough for it and you pay for it, not through partial payments or installments.

Now use your handphone or create an excel spreadsheet to take note of whatever you have spend on, thus review them weekly and you will know what you have been spending on. (It might sound crazy, you might have thought about it, but have you actually do it? Try it out and you will know the different.)

Remember, take control of your money, not your money control you.