After graduated from university, I realized that we all can earn money but money always do not seem to be enough.
I always go out with my partner to buy necessary things and groceries for our house 3-4 times a month. Every time we go out for shopping, we never plan what we need to buy. We always what we want to buy. We ended up buying a lot unnecessary things to fill up our store room.( before that, it was a bedroom)
We have been like this until one day the petrol price increased. Our financial management immediately turn into a dilemma. His salary was not enough for both of us to survive if we continue to spend without spending wisely. That time I was still a university student.
After the petrol price increased, his needed to spend more than thousand ringgit Malaysia for petrol because his work needed him to travel outstation frequently. He also need to pay the car loan about a thousand every month. This had not included the car maintenance and our daily utilities bills and so on... I do not think we can keep on spending like what we use to. We need to re-think and have a proper financial plan.
We started to plan our monthly expenditure.
To cut down the use of petrol, my partner will ride his motorbike instead of driving to work except on rainy day or when he has to work outstation. He also start to car pooling when he goes outstation with his colleague. Later, his friend has suggested to install a natural gas system (NGV). According to his friend, to install the gas tank will cost approximately 4,000 ringgit. once installed, we can use the natural gas to run the car. Gas will cost approximately RM0.60 per liter while petrol will cost RM2.50 per liters. he normally fill up gas full tanks around RM8-10 while petrol around RM100. therefore, Total petrol is 100 X 15 days, around 1500 ringgit monthly. The gas is 10X30 days, total 300 monthly. We can save up to thousand. However, we need to get few thousand first to insert the gas machine. This also make us headache. In the long run, it really save a lot money.
I will write more about saving money tips in my next articles.
I always go out with my partner to buy necessary things and groceries for our house 3-4 times a month. Every time we go out for shopping, we never plan what we need to buy. We always what we want to buy. We ended up buying a lot unnecessary things to fill up our store room.( before that, it was a bedroom)
We have been like this until one day the petrol price increased. Our financial management immediately turn into a dilemma. His salary was not enough for both of us to survive if we continue to spend without spending wisely. That time I was still a university student.
After the petrol price increased, his needed to spend more than thousand ringgit Malaysia for petrol because his work needed him to travel outstation frequently. He also need to pay the car loan about a thousand every month. This had not included the car maintenance and our daily utilities bills and so on... I do not think we can keep on spending like what we use to. We need to re-think and have a proper financial plan.
We started to plan our monthly expenditure.
To cut down the use of petrol, my partner will ride his motorbike instead of driving to work except on rainy day or when he has to work outstation. He also start to car pooling when he goes outstation with his colleague. Later, his friend has suggested to install a natural gas system (NGV). According to his friend, to install the gas tank will cost approximately 4,000 ringgit. once installed, we can use the natural gas to run the car. Gas will cost approximately RM0.60 per liter while petrol will cost RM2.50 per liters. he normally fill up gas full tanks around RM8-10 while petrol around RM100. therefore, Total petrol is 100 X 15 days, around 1500 ringgit monthly. The gas is 10X30 days, total 300 monthly. We can save up to thousand. However, we need to get few thousand first to insert the gas machine. This also make us headache. In the long run, it really save a lot money.
I will write more about saving money tips in my next articles.
2 comments:
Absolutely,we all know how to earn but dont know how to save money. We just spend follow our desire not what we need.
About the NGV, It's not only can save some money, besides it's more environmental friendly than vehicles fueled with conventional gasoline and diesel. bcos NVG produce significantly lower amounts of harmful emissions such as nitrogen oxides(NO), greenhouse gas carbon dioxide(CO), particulate matter and carcinogenic pollutants.
hi ong, totally agreed with your comment. it takes me just 8 month to payback my installation cost as i managed to save almost 600 per month. i drive a lot and my petrol bills comes out to a 1000 ringgit every month.so with 600 x 8 month i'll get 4800. i pay back my installation and save money all in the same time.
i totally agreed on people know how to spend but don't know how to save as every weekend i'd see people go shopping and store thier stuff in thier STORE rooms. why would anyone have store rooms if they would have used the things they have bought?..:-)
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