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’.