Tag

frugal

Link Roundup #4: 10 Things to Know This Week

link roundup

Accelerate your personal finance knowledge with this new regular feature on Ringgit Oh Ringgit – the Link Roundup! I promise you’ll find these 10 articles informational 🙂

1. The-Fuck-Over-Ability Index – Millennial Revolution

This content is so good I’m breaking my personal ‘no f word in the blog’ rule. The Fuck-Over-Ability Index is an actual calculator they invented to measure how ‘fucked over’ you are in your life. Said situation is calculated based on how much you need your job because you need to pay your monthly commitments, like mortgages and car payments. The higher your score, the more likely you will put up with your crappiest bosses.

The author admitted they were drunk when they discussed and created this lovely thing. This article is definitely in the category of dark humour.

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5 Downsides of Being Frugal

downsides of being frugal

Living with frugality mindset is something I’ve consciously tried to do for many years now. For the most part it’s great, I’ve saved so much money. But let’s talk about the downsides, shall we? Roses still have thorns and all that.

This is not an article to deter you from frugalism – no, not at all. I have zero regrets adopting this lifestyle. I just want to share the bad that comes with the good.

#1 – Embarrassed by old stuff

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25 Personal Finance Subreddits For You To Find ‘Your People’

Personal finance subreddits

Personal finance is so… so… BROAD, isn’t it? We come from all kinds of backgrounds and have all types of interests and go through all sorts of life circumstances. Looking for specific answers can be tough. Sometimes you don’t know what you don’t know – not even the search term for it. I have suggested Reddit as a resource page before, but the sheer amount of available information can be enough for some people to go, ‘nope’ and close off the tab.

That’s a shame, because one of the best ways to learn about personal finance is to learn from the Reddit community. The most useful information get the most upvotes – so you get to save time by reading only the best of the best as determined by those personal finance subreddit community members themselves.

Even though r/PersonalFinance has a lot of members and contributors, I wouldn’t really recommend it and some other subs to Malaysians as many topics are specific for the US crowd. The r/MalaysianPF community, on the other hand, would be great if it wasn’t, um, dead.

BUT. There are other personal finance subreddits that you can explore. They will help you save, spend, invest and manage your money better – for a variety of occasions. Here are 25 of them.

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50 Ways to Save Money in Malaysia, From Easy to Impossible

Ways to Save Money in Malaysia

In my Masterpost: How to save money in Malaysia article, I gave examples of what I personally did to save money. Some were successful, some were not. I thought it would be fun to list all the ways that I tried, and give them a rank. There will be four levels: easy, medium, hard, and impossible.

Note: This is not a comprehensive list of all the ways to save money in Malaysia. I don’t know much about how to save money on home ownership, for example, or how to save money for families. Regardless I think it can be a good start 🙂

Ways to Save Money in Malaysia

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How I rent a master bedroom in Kuala Lumpur for RM150 a month (not including bills)

This is where I currently live in KL.

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(image credit: iproperty.com)

Bistari Condominium. It’s a really nice place. I can truthfully say that I can’t afford to buy this place and I feel that I’m living above my means. It’s absolutely prime location: next to LRT station, walking distance to monorail and KTM. Walking distance to PWTC, Sunway Putra Mall and medical centres. Condominium facilities includes: Swimming Pool, Sauna, Foot Reflexology, Tennis Court, Mini Gym, 24-hour Security, and tennis court. House facilities includes: fully furnished with dining table, sofa etc, full kitchen, washing machine, and AC.

And yes, I pay only RM150 per month for the master bedroom, with attached toilet. Yes, that is considered a super cheap rent in KL.

How did I do it?

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