Category

Budget Hacks

Applying creativity in saving money in Malaysia: get the same thing for less!

9 Money Challenges to Try

Money challenges! Have you done one before?

Here are 9 money challenges you can try out. Some of them are for earning money, some are for saving money. Pick one money challenge you want to do for yourself – I’m going to share which one(s) I’m planning to do myself 😀

#1 – Kumpul Hijau Challenge

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Malaysians Share How They Save Money on Coffee

Every week, I do a little mini-forum in the Ringgit Oh Ringgit FB page. Recently, I asked what people do to save money on coffee.

The answers blew me away – you people really love your coffee huh? Some of the answers were so creative and informative, I had to compile them here! Here’s what Malaysians do to save money on that cup of joe, divided into two sections, free and reduced-cost. 

Free Coffee

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How Expense Tracking Looks Like (As Someone Who Doesn’t ‘Budget’)

If you’re a regular reader here at Ringgit Oh Ringgit, you know that I share my monthly expenses every. single. month.

The reason why I prefer expense tracking rather than budgeting is simple: it just works ridiculously well for me. All I have to do is record all my expenses and suddenly my financial life is just better, more organised, data-driven.

I don’t have to stress about keeping my expenses in one particular category under a certain amount, because I know that as long as it averages out okay in the bigger picture, I’m good. Example: Buying groceries in bulk will increase my groceries expenses in that month but lower them in subsequent months.

This article is how about how it works. 

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Keto in Malaysia: Budget Tips that Work Here

keto in malaysia

The first time I did keto, I lost about 12kg. It’s the only diet that worked for me so far. Who knew that a high fat low carb diet can be this efficient?

I have since regained some of that weight so I’m doing keto again. This time around, I notice there are more people doing keto in Malaysia. And many of them complain about the same thing: all those good fat you have to eat to get into ketosis are so expensive!

So here are some budget tips that personally worked for me.

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Money Emergencies and How They Eff Up My Budget

money emergencies

I track my spending. All of it. In an app. Each purchase gets categorised – for example, rent money goes under the ‘Rent’ category and Tesco bill goes under the ‘Groceries’ category.

One of the categories is ‘Misc Needs’ – things that I have to buy anyway, but they don’t occur often enough to have their own category. They tend to be ‘money emergencies’. For example, things I have to fix or replace. But they’re also things I *have* to do, like haircuts.

I just want to share my observations about my spending patterns in this budget category.

Observation #1:  I think I’ve somehow upgraded my lifestyle in 2017

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3 Ways to Get Cheaper Spotify Premium in Malaysia

Cheaper Spotify Premium in Malaysia

This short and sweet article will give you three ways to get cheaper Spotify Premium in Malaysia.  It comes with the following disclaimer.

Pre-article disclaimer: I am not accountable to whatever happens to your Spotify accounts should you use any of these tips, including but not limited to suspended accounts and extra charges. That said, the chances of that happening is very small.

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Explaining Snowball Method, The Best Way to Pay Off Debt

snowball method

Dave Ramsey is a popular author and radio host in the United States. He gives solid money advice.

One of it, which I 100% agree with, is the Debt Snowball Method – a loan repayment plan for people who owe money and overwhelmed by it. Find the original explanation in his website here, written for the U.S. audience.

What I’m going to try do is to explain the Snowball Method in a way that is relatable to us Malaysians. So you can use it to pay off your debt, or advice someone about it.

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8 Rules to When You Should Splurge and When You Should Skimp

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’.

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