I have been very fond of personal financail planning for many years. Many reason for this. Basically I study a lot about finance and economic which probably influence me a lot. Personal finance always my favourite subject,. Simply because I find it so difficult and hard time during empty wallet. As a proverb says " The haviest wallet a man carry is an empty wallet" Believe me, without a cents/ddollar in our wallet it hard for us to make a move. How could we shopping without money, right.
I have read many books, magazine, article related to money include local author Azizi Ali books. All are very great and motivating books, but the reality is damn difficult to implement the theory. I have tried many ideas and suggested theory but still fail.
So back to my old scrap, it reminded me back that I should start practice charting my income and expenses. i suggest reader should do that. It helps us to keep track of our espenses. So we can track some of the unnecessary expenditure which drain out our money from our wallet. It also helps us to look for opportunity to create more income. Work harder/smarter, do productive part time job and etc,, to earn extra money. It help us to see strength in ourself. The expenses part will help us see our weakness in term of bad spending habit.
Finally, and most important is to see how much we spend and save every month for our own retirement fund, childrren education fund, emergency fund, investment and leisure. Think about it!!! SAVE BEFORE SPENT.
HAPPY MERDEKA AND SALAM 1 Malaysia for all Malaysian.