This is a follow-up post to my oldie but goldie Masterpost: How to save money in Malaysia article.
Many people try a variety of methods to save money, with varying results. But what they don’t realise is: while every little bit counts, a big splurge can easily offset those savings. It’s easy to make a big splurge if you’ve been skimping – your head justifies “I’m already saving money via X, Y and Z. I can afford to make this more-expensive-than-average purchase”.
There are a few rules of thumbs when it comes to where to splurge and where to skimp. It’s a very individual decision, everyone values different things. Here are some of the ‘rules’.
This post is dedicated to my sister, who runs the Instagram shop Malaysia Plus Size and sells chic, Muslimah-friendly fashion. We had a conversation about finances and what she should have, as an online business in Malaysia when it comes to paying taxes. Then we were interrupted by mom’s gulai and didn’t manage to continue, so this post is for you sis. If you have a small online business – selling products and/or services from Facebook, Instagram, Mudah, etc and have your own branding (logo) – you should find this helpful, too.
Here’s what you have to have in order, when it comes to taxes.
Ho Chi Minh City (young people in Vietnam prefer to call it by its original name, Saigon) is a good place to head to for an under-RM1000 weekend trip. Why not longer? It’s a great city, but personally I can only handle the traffic noise in small doses. This was my third trip to Vietnam, but first to Saigon.
My 3 days 2 nights Saigon trip was cheap- just RM958. Even cheaper than my 3 days 2 nights Langkawi trip! Saigon is good for ballin’ on a budget 🙂 There are eight savings tips in this post.
The currency is Vietnamese Dong. RM1 is roughly 5,000VND. Can’t lie, holding a million Dongs in one hand made me chuckle.
Saigon Trip Overview
I don’t shout out this fact often, but I used to work at an international women’s rights organisation. I can answer most questions you have on women’s human rights, or at least point you in the right direction.
Personal activism is important to me, and I try to implement the lessons I learned during working in NGOs in this blog, in a way that is non-discriminatory to all. I hope that showed through.
If you haven’t noticed, the subject I am most passionate about is financial literacy. In this post I want to invite you to do some personal activism to help the gender that tend to be both overworked and underpaid. Women, in general, earn less than men, retire/stop working earlier than men, and has a longer retirement period to worry about (longer life expectancy). This post is written for the male reader in mind, but I invite everyone to do their part.
Here are 4 things guys can do for women in their lives.
#1 Talk to her about investing
Since my post on saving money on fashion, I am on a fashion roll. I’m actively trying to dress better – this does not mean choosing exclusively branded clothes and accessories, this means paying more attention to quality fabric, good stitching and well-cut, well-fit clothing items.
I even read about them, to find out more about how the fashion industry makes money. Read on.
Disclaimer: Not a zakat expert. If any info is wrong, please help me learn by commenting
As a brainwashed Muslim (I say this with a bit of both resignation and pride – it’s a very odd feeling), I’m generally OK with paying zakat in Malaysia. I accept it as a responsibility, plus I believe it’s a way for me to ‘cleanse’ my earnings. I was told early on that as much as I try to generate halal income, some of my money will not be halal due to imperfections of the system.
Here are my thoughts on paying zakat in Malaysia. I littered this with plenty of my own questions as well, but I hope it’s useful for you guys.
Since losing some weight, I found that I actually kinda sorta maybe like fashion.
So naturally, I’ve started to research how I can save money on fashion in Malaysia. I’m also extra motivated to upgrade my wardrobe as SOMEONE called my fashion sense ‘very auntie’ recently. Ouch..
I’m just 28, but the idea of retirement have fascinated me for a while. I still don’t know how I feel about it. Sometimes I think that retirement is an entitlement for productive members of society, while other times I think it’s incredibly wasteful, even discriminative, to suddenly force someone out of a trade, profession or career due to her or his age.
Growing up, I simply assumed there is just one type of retirement. You serve your company for decades, then receive pension/retirement savings to retire at 55-60+ years old to make room for younger folks. I think many of us have this impression as well. This is the traditional formula in life, isn’t it? Birth, Play, School, Work, Family, Work, Kids, Work, Retire, Die.
This formula doesn’t particularly appeal to me, but I admit that I’ve never been drawn to the Kids part. My ideal family structure for now is DINK = Dual Income, No Kids. Also, I’d like to retire early and retire young.
Thankfully, I’ve met some people during my travels and read first-hand accounts of actual retirees (thanks, Internet). Some of them have kids, some of them don’t, but they do have one thing in common – they like the idea of being self-sufficient and not being a ‘burden’.
Here are 10 ways to retire. Some of them may overlap.