Loose change adds up
By the end of the week, many of us have a few coins left over in pockets and purses – and even down the back of the sofa! Gather up these odd coins each week and put them in a jar. Even just a RM1 a week in loose change will give you a cushion of over RM50 by the end of the year. Looking after the coinc really can mean the ringgit look after themselves.
Keep a spending diary
Sometimes it’s hard to know where the money goes. Try keeping a spending diary for a week or two where you write down everything you spend from the smallest stick of chewing gum to filling the tank with petrol. This will help you identify items you might be able to cut back on.
Then see how much you may be able to divert to your savings instead.
Money going up in smoke?
Review how much you spent on cigarette per day or permonth. If you’d like to kick the habit and boost your savings into the bargain, get starts now.
Don’t pay over the odds
Shop around for the best deals for your phone, internet and fuel bills and review your suppliers every year to see if you are still getting a good deal.
Save money on travel, supermarket and bills by following our Money saving tips.
Could you boost your income?
There are no simple ways to increase your income. Possible options might be take on extra work – perhaps a job you could do from home, such as childminding, or turning a hobby into a small business, selling things you make.
If you have a spare room, you might think about taking in a lodger.
