What a full month! It was full of intense emotional experiences – from the low of my grandmother’s passing to the high of Good Vibes Festival to everything in between.
I shot my first video campaign (details coming soon!). Got angry at morally-righteous LGBT haters that I made a personal finance guide for LGBTs. Decided to visit my Japanese host family and splurged on a very-costly RM1765 flight tickets just because I want to fly off from Chubu Centair International Airport in Nagoya instead of cheaper airports like Osaka. I went on shopping sprees, both online and offline. I went on dates (good, bad and GREAT) and attended many events.
All this while working my ass off – I squeezed for that brain juice so often and so hard, I’m surprised it’s still working. Thank you for being reliable braiiiin.
Despite everything, my spending was… alright? Almost RM7k for this kind of month is okay. My spending is the lowest since January 2018. In the upcoming months, have to keep it even lower – have to save money for that Japan trip in September.
I have no complaints, only gratefulness that my income can sustain this lifestyle. How was your July like?
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 post was inspired by one of my favourite personal finance websites, The Financial Diet. Check out their version of the article here.
‘Don’t buy shit you don’t need’ – how many times have we all heard this six-word money advice? It sounds so simple, right?
The thing is, the definition of ‘shit you don’t need’ will differ greatly from person to person. What I think I don’t need and can cut from my budget is someone else’s necessity item, either required for their life/work or something they decided is worth the expense and thus budgeted in (instead of budgeted out).
Here are 15 things I have personally stopped buying and realised I didn’t miss.
#1 – A Car
Sometimes, the fact that I don’t own a car really surprises people around me. It’s considered a rights-to-passage-to-adulthood expense, something people buy as they start working.
Look up any commentary or news piece about poor Malaysians and the (sad) state of our finances, and you can find discussions about our self-control. Apparently, some of us lack self-control so much that we simply can’t help buying all the H&M clothes and trying out all the Starbucks drinks against our better judgement. That, said the commentators, is the reason why many of us complain too much about the cost of living, so stop complaining and just buy less lah!
This shallow reasoning makes me angry.
Are we simply going to ignore decades worth of behavioural economics research that is used to influence our purchasing behaviour and habits? Or do we just not take into account thousands of people employed in big companies whose jobs is to develop and execute sales, advertisement and marketing strategies?
And you expect me, a mere individual, to be able to resist all these combined efforts and temptations, 100% of the time? And tell me I lack willpower?
I love Shopback, the cashback platform. In this article, I’m going to give you tips on using the platform for maximum cashback. Since opening an account way back in 2015, I’ve earned over RM2000 from it. The screenshot below is dated 18 April 2018.