Living on less than RM3K a month can be challenging. High living costs and limited income can make it tough to save. But don't stress, with a few smart moves, you can manage your money better.
Even on a tight budget, saving money is definitely doable. With a bit of planning, tracking your spending, and using some handy tools, you can start building up your savings bit by bit. Emergencies can catch us off guard and demand our immediate attention, but having an emergency fund can help alleviate some of the stress.
Think of it as a cushion for those unexpected bumps in the road, like a surprise medical bill or a car repair. I know it sounds like a lot, especially when you're on a tight budget, but it can really help you out when life throws a curveball. Here's a simple way to get started: For example, if you're making RM3,000 a month and your expenses are around RM2,700, you can save RM300 each month.
In about six to seven months, you'll hit that RM2,000 goal! If you're finding it tough to save, maybe take another look at your spending and see where you can cut back a bit, or think about ways to boost your income a little. Start by figuring out where your money goes each month. Use apps like Money Lover or Wally to keep track of your expenses.
Write down every purchase, no matter how small, for at least a month. You might find that little expenses, like dining out or impulse buys, are adding up more than you thought. It's important to know the difference between what you need.
