Met my insurance agent today and finally got the medical card. At least now if shit happens my savings will still be intact.
Found out my sister took my suggestion and got her investment account sorted out, same like me. She’s 24 and I’m proud of her.
Sometimes, I get pissed off for the stupidest things. Today a guy bumped me in the train so I went all fuck you and raced him for the last available seat which caused me to miss a stop for some (window) shopping me-time, which caused me to go to another mall, which caused me to walk 30 minutes extra in fucking heels. THAT cause me to feel out of shape and now I’m channeling my anger to my girlfriend - I declared that I’m no longer going to have dinners to lose weight - fully knowing that she enjoys cooking for me and it’s one of our daily fucking ritual and something she looks forward to.
And then I think about how ‘fat’ is a social construct and what I want really is to be hot, not just to be fit. Me. A feminist activist working in a woman’s rights organization.
Now I’m getting hunger pangs but only pride is preventing me to actually go out and have dinner with girlfriend. Punishing myself. No. I deserve this. I don’t deserve dinner.
I had 3 unhealthy buns for breakfast and a milk tea for lunch. I didn’t eat the baked sweet potato I prepared for lunch, just threw it away. Had an ice cream. Total calorie intake today probably about 1400 max. Good, less than 2000. Bad, because nothing was healthy.
In the past couple of days, I’ve been witness to something that has angered me beyond measure. Some Muslim women started a hashtag on Twitter to talk about their issues. Why Twitter you ask? Well, because women’s issues are only marginally covered in the broader…
Today is the last day of March, and also marks 3 months’ worth of tracking spending data!
Some major things:
- Spent about RM7000 in 3 months, average about RM2300 per month.
- I have to get real about the true costs of my groceries bills. Its closer to RM300 than RM200.
- Spent RM900+ on donations and gifts. That’s RM800 more than actually budgeted for but heck it, I can live with that.
- I spend about RM35 on tobacco a month
- … And RM50 a month goes to food… The ones you pick up out of boredom or cravings… Seems I give in to my cravings too much… Something to make a note on.
The rest of of my budget didn’t raise any red flags. Good.
Things to do:
- Drastically cut out naughty spending on munchies food
- For groceries, nothing much to do as gf is following a super healthy diet and I’m feeling the benefits. Will increase to a more realistic amount.
Li Ka-Shing teaches you how to buy a car & house in 5 years
Hong Kong billionaire Li Ka-Shing shares some of his money wisdom, outlining an inspirational five-year plan to improve one’s lot in life
This article is translated from the original Chinese by Edmund Ng at CeoConnectz.
No matter how much you earn, always divide it into 5 set of funds.
The first set of funds is used for living expenses.
It’s a simple way of living and you can only be assigned to less than twenty dollars a day. A daily breakfast of vermicelli, an egg and a cup of milk. For lunch just have a simple set lunch, a snack and a fruit. For dinner go to your kitchen and cook your own meals that consist of two vegetables dishes and a glass of milk before bedtime. For one month the food cost is probably $500-$600. When you are young, the body will not have too many problems for a few years with this way of living.
Second set of funds: To make friends, expand your interpersonal circle.
This will make you well off. Your phone bills can be budgeted at RMB 100. You can buy your friends 2 lunches a month, each at $150. Who should you buy lunch for? Always remember to buy lunch for people who are more knowledgeable than you, richer than you or people who have helped you in your career. Make sure you do that every month. After one year, your circle of friends should have generated tremendous value for you. Your reputation, influence, added value will be clearly recognized. You’ll also enhance your image of being good and generous.
Third set of funds: To learn.
Monthly spend about RMB 50 to RMB 100 to buy books. Because you don’t have a lot of money, you should pay attention to learning. When you buy the books, read them carefully and learn the lessons and strategies that is being taught in the book. Each book, after reading them, put them into your own language to tell the stories. Sharing with others can improve your credibility and enhance the affinity. Also save up $200 per month to attend a training course. When you have higher income or additional savings, try to participate in more advanced training. When you participate in good training, not only do you learn good knowledge, you also get to meet like-minded friends who are not easy to come by.
Fourth set of funds: Use it for holidays overseas.
Reward yourself by traveling at least once a year. Continue to grow from the experience of life. Stay in youth hostels to save cost. In a few years you would have travelled to many countries and have different experiences. Use that experience to recharge yourself so that you’ll continually have passion in your work.
Fifth set of funds: Invest.
Save the $500 in your bank and grow it as your initial startup capital. The capital can then be used to do a small business. Small business is safe. Go to wholesalers and look for products to sell. Even if you lose money, you will not lose too much money. However, when you start earning money, it will boost your confidence and courage and have a whole new learning experience of running a small business. Earn more and you can then begin to buy long-term investment plans and get long-term security on your financial wealth being of yourself and your families. So that no matter what happens, there will be adequate funds and the quality of life will not decline.
Try to buy minimal clothes and shoes. You can buy them all you want when you’re rich.
Save your money and buy some gift for your loved ones and tell them your plans and your financial goals.
Businessmen everywhere need help. Offer yourself to do part time for any kind of opportunities. This will help to hone your will and improve your skills.
No matter how much you earn, always remember to divide it into five parts proportionately. Always make yourself useful.
Increase your investment in networking. When you increase your social investment, expand your network of contacts, your income also grows proportionately.
Increase your investment in learning, strengthen your self confidence, increase investment in holidays, expand your horizons and increase investment in the future, and that will ultimately increase your income.
Life can be designed. Career can be planned. Happiness can be prepared. You should start planning now.
When you are poor, spend less time at home and more time outside. When you are rich, stay at home more and less outside. This is the art of living.
When you are poor, spend money on others. When you’re rich, spend money on yourself. Many people are doing the opposite.
When you are poor, be good to others. Don’t be calculative. When you are rich, you must learn to let others be good to you. You have to learn to be good to yourself better.
When you are poor, you have to throw yourself out in the open and let people make good use of you. When you are rich, you have to conserve yourself well and don’t let people easily make use of you.
These are the intricate ways of life that many people don’t understand.
When you are poor, spend money so that people can see it. When you are rich, do not show off. Just silently spend the money on yourself.
When you are poor, you must be generous. When you are rich, you must not be seen as a spendthrift.
You do not need to be afraid of being poor. You need to know how to invest in yourself and increase your wisdom and stature. You need to know what is important in life and what is worth investing in. You also need to know what you should avoid and not spend your money on. This is the essence of discipline.
Try to avoid spending money on clothing, but buy a selective number of items that have class.
Try to eat less outside. If you were to eat outside, do make sure you buy lunches or dinners and foot the bill.
When buying people dinner, make sure you buy dinners for people who have bigger dreams than you, and work harder than you.
Once your livelihood is no longer an issue, use the remainder of your money to pursue your dreams. Spread your wings and dare to dream! Make sure you live an extraordinary life!
Famous theory from Harvard: The difference of a person’s fate is decided from what a person spends in his free time between 20:00 to 22:00 . Use these two hours to learn, think and participate in meaningful lectures or discussion.
No matter how much you earn, remember to split your salary into five parts. Take care of your body so that it will still be in good shape. Invest in your social circle so that you will constantly meet new people where you can learn new knowledge from. Expanding your network will also have an important impact in how much you earn eventually. Travel every year and expand your horizons.
Bought new casing for my Blackberry 9300, guy did amazing work on it and practically looks brand new, and now even the App Store works. Twitter suddenly works. RM70.
Got my iPod Touch 4 new batteries. Now it lasts forever. RM120.
Getting the above 2 done have been on my to-do list for ages. Ages. It’s supposed to help me sell it faster at higher price. Now that those two functions perfectly, I suddenly have no reason whatsoever to buy the smartphone, aside from ‘I want it’.
Am I actually complaining that my devices work great and I don’t have an urgent need to replace them?
Out of frustration of not being able to get what I want, I went online shopping. Bought watch and bag for gf, some toys, and teeth whitening strips for myself.
Also on ‘want’ list but can’t bring myself to buy: hair curler, poi set, hammock, bikini top, glasses, contact lenses, hair clips, kitchen knife, ceramic/cast iron pots and pans, blackberry phone casing, laptop, infinity ring, fake grass carpet, kabuki brush, hair removal wax… gah I’ll stop now…
New in monthly expenses - medical insurance - RM113.33
Increase of mobile data plan from RM17 to RM28 a month
Can you say lifestyle adjustment? I plan to upgrade my phone from a Blackberry to an Android. Been complaining that the Blackberry will die on me anytime soon - it can be so slow and refuses to open certain apps. If a website is too big, it will refuse to open. Can’t open Blackberry App store and can’t download twitter, etc that I need for my work. I’ve never used a touch screen phone, except for Omnia, but that don’t count.
Now that I will have a proper smartphone I wonder if I should sell my Ipod.. hmm..
My friend told me that I’m such a late adapter to technology. A part of me is like, ‘duh’ but part of me is also worried to end up becoming one of those old ladies that gave up on computers when it first came out and don’t even know how to send a simple email. So this change it good.
I just came back from a 9-day work trip in Myanmar. Work aside, what makes me happy is:
Given some money to cover lunch and dinner. Saved some to do own sight seeing :) Didn’t spend any personal money at all but got to tour Yangon!
Obviously, the company covered flights and accommodation. Both was a great experience.
Time spent working in another country is expenses that I don’t have to pay for myself. I probably saved money for transportation, food, groceries, etc. Hard to quantify but I expect transport alone is RM40~.I usually spend RM200 for a month’s worth of groceries so 9 days’ worth is about RM60~RM70.
Budget-wise this month I should have about RM2000 to play with. RM800 is earmarked to get that phone + accessories. I’ll probably use some for clothes/beauty products/services but put the rest in savings account :)
For me, some beauty items are ‘needs’ and some are ‘wants’. Needs are things I wear on a daily basis in order to look professional – basic makeup, sunscreen, basic toiletries, that’s pretty much it.
Wants are things like haircuts, facials, accessories, clothes and shoes (*sometimes* I categorize some clothing items as ‘needs’, especially my underwear, flats or jeans wore out beyond repair), watches (I don’t have one for years, even though I like them).
I recently bought three pairs of jeans, and that made me feel like a BIG SPENDER (even though I probably only spent RM100+ on all three of them). My work clothes double as my smart casual clothes. Whatever is too worn turns into rags. My hair bands double as bracelets. I would love to get a great haircut, but I can’t bring myself to do it professionally, so I cut myself some bangs. I would love to dye my hair (swoon silver-haired cosplayers), but talked myself out of it because money and ongoing maintenance. The last time I did my eyebrows professionally was about 5 years ago, and the last time I had a facial is around that time. I’ve never had a mani/pedi. My glasses, which is technically a need, costs me RM15 from the night market. The right lens is cracked in the middle but I haven’t replaced it because ‘the left lens works fine’. I would love to start wearing contact lenses again but the start up cost turns me off.
I sort of have like a mini ‘luxury’ list in my head, things I’ll get when I ‘deserve’ it. Getting a facial would be nice, same as professional eyebrow threading. A massage would be great too. Oh, glasses. I need to find me some cheap frames so I can get the lens done. I’d love to get some earrings – drop-stone crystals and natural stones are pretty.
The Beauty side of Personal Finance tends to focus on where to get cheap but good products, how to save a lot of money on xxx brand, how to DIY your own face mask and other stuff like that. Just once, I’d like to read more on ‘How to get over the mental block of not spending money on yourself even though you have money to spend on small luxuries’. I’d read the shit out of that article.
So… I just watched Emma Pickles’ “How Much is My Face Worth Tag” video on youtube (http://www.youtube.com/watch?v=q3ymp4zdk18) and it made me think… “Holy moly… how much money am I putting on my face I wonder…” So even though I haven’t been tagged, and I don’t have a youtube channel (well, I do…
Wow this is so interesting!
My face costs (rough estimate, rounded up. not brand conscious unless specified):
I am in the final process to get a medical card. In Malaysia we have really affordable government healthcare. But the thing is, I prefer private hospitals.. and they don’t come cheap. My gf says that when she tore her knee ligament, it costs about RM25k. What would wipe out my savings!
I’ve never had major medical illness or accidents, but you know, better be safe than sorry.
I’m going with a medical card which offers the below: - Up to RM350 for room - that’ll get me a nice private room :) - annual limit of RM190000 - that’s a huuuuge sum of money and can cover anything I could be having - no lifetime limit! Good!
The annual premium is RM1360, or about RM115 a month. I can afford that.. loose change for the peace of mind.
Kind of contemplating getting separate policies for permanent disability and critical illness. Would be nice to get a huge amount of money to compensate for a lifetime of suffering. If I ever get anything (touchwood), my current plan is to go traveling until I can’t, then rent a cheap place to play games/surf internet/host friends.
Buy myself insurance. GF recently had a medical thing and her bills came to like, RM5k plus. Thank goodness she has insurance. Shit, I thought. I don’t have that kind of money to blow on myself. And then shit, I thought again. Would I really prioritize money over my health? That scared me, and I searched for insurance straight away.
Speaking of insurance, it’s actually HARD to make comparison between takaful (Islamic) policies here in Malaysia. I used to work in insurance and even then that shit confuses me.
Am losing weight. Not consciously. People are commenting. Old me would be happy, but feminist me is like, meh. Working in a women’s NGO has that kind of perk.
By extension, I have to donate most of my wardrobe, since its too big/worn. I’d also like to look a bit more professional and polished for my job. Ps my work clothes also double as my casual clothes.
Searching for the perfect black jeans. I love black jeans, but finding one my size AND at the right price… I’ve tried on at least 30 pairs and bought 2 ‘okay’ ones.
Searching for THE perfect hairstyle for me. I keep fantasizing about the days when my hair used to be perfect even if I just woke up. I have hair fetish (in a non-sexual way) and will always check out people’s hair
Oh! Complete my online trading course! I follow the Academy of Financial Trading, got it for RM88 from a Groupon deal. Today is lesson 8 and I’m seriously having fun.
Now that I kinda sorta have extra money I was thinking of buying myself a new phone. Mine is not quite dying yet but it will soon. I like Blackberry. Reason 1) I hate touch screen. Reason 2) I like the cheap internet plan. Reason 3) I like the qwerty style buttons.
Speaking of money, I educated my sisters about importance of investing while they’re young. They’re totally going to do it. I feel like a proud older sis.
“I’m a believing Muslim, a woman and a feminist. This means that I believe in the tenants of Islam, I am concerned with issues affecting women in relation to my religion, world culture and in general and I believe that much of religion has been interpreted, written, commanded, used, abused, and seen through the male lens. Feminism is an intrinsic part of Islam as much as patriarchy. Islam teaches equality, but it was revealed to pagan Arabs in “a language they would understand.” That language was predominantly male-centric, and has since been used by men (and women) to help promote patriarchy and oppressive realities for women. Which is why I also believe that it is necessary to have continued feminist readings and interpretations of the Qur’an.”—Islam and Feminism (via arzitekt)
GF diagnosed with Candida (yeast infection; bladder area). Drastic change in diet. No sugar (ALL forms of sugar, including fruits and carbs like rice!), nothing with yeast, fungi (means no bread or mushrooms).
I mean really as far as ailments goes it could be shittier. I’m thankful that food is also her medicine: garlic, onions, coconut oil, greens, meat are all good for her.
Today is Valentine’s but really we’ve both been super busy and stressed this past few days so we just want to have a quiet dinner and chill.
We have been using air-conditioning at night because it’s so hot lately! That would be translated in the next bill.
Considering upgrading my internet. Because fast internet = happy urbanites.
Work’s good - I’ll be going to Myanmar in March and Vietnam in May. Cool.
I need new black jeans and hairbrush. Mine was worn beyond repair.
The rush you get from depositing money into savings account, the half-scared feeling you get from knowing that you can’t access that money without doing a special trip for it (what if it’s an emergency??), and the slow, dawning realization that you now must adhere to your budget carefully in order to not fuck up your remaining budget.
Your internal adult pats you on your back, while the child in you sulks as she can’t justify getting that extra ‘treat’. Meanwhile, your internal traveler says “Fuck this shit. Someday you’ll grow old and you’ll regret it”.
I’m such a big advocate for budgeting money. Since I started it, my life just got better, systematically. It’s like, plan one, just ONE (in this case, money) part of your life. It worked wonders for me. I have a sense of control. I got independent. I have wasted way less resources and generally made myself healthier and happier.
Say, for example, your health (another important aspect in your life). You quickly found out that cooking in is better financially rather than eating out. Within a few years, I learn how to cook, from scratch. I see 5 bucks worth of outside food and think to myself, ‘this is horrible value for money’, because they actually cost CENTS to make. By avoiding processed food, I buy more whole foods. For 10-15 bucks, or a meal at inexpensive restaurant, I can make fancy grilled lemon-glazed salmon with potato parsley and buttered spiced couscous. For TWO.
So yeah. I guess everyone wants control of their lives. I’m just glad I’m making my finances a part of it. If I didn’t have this, I might have worse eating disorder (I struggled with bulimia, still do).
Hi! I'm a TA for a free online class from Stanford University on international women's health and human rights. The course focuses on critical issues, namely those that may mean life or death to a woman, including: being born female and discrimination; poverty; unequal access to education, food, paid work and health care; and various forms of violence. We hope to create an international network of engaged students and would greatly benefit from the voices of you and your followers. Starts Friday
I had a long, hard think about life recently. Career-wise, I’m set - not moving anywhere anytime soon. Marriage, kinda sorta already in a ‘married’ relationship, that’s not going to change anytime soon either.
Kids. I don’t think I want kids. Used to always think that having kids are the next, ‘natural’ stage of adulthood, but I read a report about how parents exaggerate their happiness and that studies found that there are no significant ‘happiness’ difference between middle aged adults with or without kids. It’s quite a big ‘whew’ moment for me to find out that child-rearing is not quite as fulfilling as I thought.
*the study did say that grandparents’ happiness are significantly boosted, but having kids only for my parents’ sake seems like the wrong reason for actually having kids
I guess our focus now is to be more financially stable. For her (gf), to build up her business. For me, to save and invest more. I’d love for us to take more long trips. I want to utilize our youth. We’re not partiers or social animals, and most weekends we stay home and cook and laze around and watch movies. But we also need more adventures before our smoking habits slow it down.
I also want to practice minimalism more and buy even less this year. I really do have everything I need. A happy life is a life without many wants. It is a secure life that I want, ultimately, not a life of ridiculous indulgences.
I need to work on having more friends, or rather to actually enjoy having other company aside from the gf. I mean I love her but its slightly unhealthy how we spend TOO much time together.
The head of a company survived 9/11 because
His son started kindergarten.
Another fellow was alive because it was
His turn to bring donuts.
One woman was late because her
Alarm clock didn’t go off in time.
One was late because of being stuck on the NJ Turnpike
Because of an auto accident.
One of them
Missed his bus.
One spilled food on her clothes and had to take
Time to change.
Car wouldn’t start.
Get a taxi.
The one that struck me was the man
Who put on a new pair of shoes that morning,
Took the various means to get to work but before.
He got there, he developed a blister on his foot.
He stopped at a drugstore to buy a Band-Aid.
That is why he is alive today..
Now when I am
Stuck in traffic,
Miss an elevator,
Turn back to answer a ringing telephone…
All the little things that annoy me,
I think to myself,
This is exactly where
I’m meant to be
At this very moment
I’ve been tracking my money for about 3 years now. For the longest time, I experimented with categories (finally got one that works!) and spending tracker apps.
Today I believe I got it almost perfect. I’m going to use an app called ‘Budget Watch’. Previously I experimented with MyBudget (for about 2 years), Meple Money, Best Budget, Money Pad, Money, and at least 15-20 other apps. It’s important for me to a) make my own categories of spending; b) Track my net worth in real-time; c) not too much clutter (I don’t care if I pay via credit card or cash!) and d) not USA/UK-centric (Mint is out)
For those who are interested, my categories are divided like so: Dates, Donations/Gifts, Food (added to discourage me from buying food while alone - emotional trigger of sorts), Groceries, Loan Repayment (student and investment loans), Miscellaneous ‘needs’ (medicine, car repairs, shoe repair; all one-off emergencies and necessities), Miscellaneous ‘wants’ (..that extra shirt I didn’t ‘need’, tobacco, etc), Mobile, Parking/Toll, Petrol, Social, and Utilities.
So excited to continue tracking money! I love averaging my monthly spending, getting the gist of where my money goes. For example, I know that my grocery bill is usually between RM200-250. And my mobile bill is about RM30, lower than I thought.
In Malaysia everyone’s saving money, due to the price increases and higher inflation. My family is planning to downgrade their house, too. They can’t afford to keep the current home. I have to be a bit more committed to earning money rather than just saving money. The aim is to save RM30,000 by end of 2014. I’m going to plan a strategy for this soon..