New years resolution

Walaupun resolusi Tahun baru selalu dirancang dengan sempurna,pasti jarang kita menyempurnakan kesemua hajat kita.Tapi aku tak pernah TIDAK menyenaraikan hajat Tahun baru.Bagi aku,orang yang tidak merancang memang merancang untuk gagal.Tidak mengapalah kalau apa dirancangkan tidak menjadi,asalkan kita berpada-pada dan tidak terbawa-bawa.

Mungkin selama ni aku terlalu `go with the flow'.Tidak serius dalam menentukan hala tuju .I admit that life has a lot to do with luck but Allah also said He will help those who help themselves.A plan is better than no plan at all.If it fails you,you know you did your best.

MY NUMBER ONE on my list is to complete my prayers be it i wake up late or fall asleep and miss my prayers.But besides being A better servent,my plan is to be financially stable and have my own savings.How many of you have a fixed savings account besides your ASB and monthly duit kutu¿haha.

So i'm coming up with a plan to be debt free (except for edu loans haha) by February 2012

1 .The first thing to do is to list down your income and your expenditure·List down everything. Salary. Side income. Nuffnang cheque. HAHA

2 .Next list down anything YOU NEED to deduct from your salary eg epf,groceries,phone  

bills etc. Don't forget your phone bills, your toiletries, your cat's royale canine.

3.After doing number 1 and 2,list down what YOU WANT to get every month.Father`s   

birthday present,mani,pedi etc.Try to control the urge to buy everything you see by buying only ONE or TWO things each  month.Don't go crazy over sales to only realize you have RM300 to last you the whole month.

4.Subtract number 2 and 3 from number 1 and thats whats left in your bank account at the 

   end of each month

If , by the end of the month you are left with RM 0.00 then you`re in big trouble.You`re in an even bigger trouble if you end up with RM -3000.00 worth of credit card bills.

Earning a living has a lot to do with prioritizing.Ask yourselves the right question.Do you want to earn RM 3000 and save RM60 each month or are you fine just by earning RM2000 but save RM300 each month? How much saving you have is determined by the way you live your life. Don't live as though you can afford Starbucks everyday unless you can. Don't get carried away hanging out with friends if you can't afford to go clubbing every weekend. If they don't want to be friends cause you don't go shake the dance floor with them, then you're better of without them. If they're friends they'll understand. It's all about prioritizing and choosing and living with it.

Next. If you decide to save up RM500 each month, what must you do? Cut down on movie nights? Cut down on cigarettes? Create an online business?

As for me, after listing down my needs each month, I'm left with 2/3rd of my salary. Do I pay ALL my debts let's say 3 months in a row or do I pay it in smaller installments of let's say 10 months? 

But I got to admit, nothing is more refreshing than paying your debt. 


And saving. 


Choose what you love the most and invest in it. 


I love my cats and travelling and food.And plan your finance so that you can do what you love. 


I'm focusing my new year in paying my debts these last two months and then travelling and maybe continuing my studies. So how much do i need to save and spend?
 
Do you guys have any useful tips to save and spend?