Good Habits 8 Malaysians Ritualised Out Of Their Desperation To Save More Money
We've heard countless methods on how to save money but most of them are hard to follow. It's time to #GetClever with the help of eight Malaysians who told us their little secrets on how to effectively save money.
1. Making your favourite cup of coffee at home
Claire, 27, is a coffee addict. "I was spending almost RM70 a week on coffee alone! That's RM280 a month! It was getting too expensive for me so I decided to buy a simple RM60 French press and a packet of ground coffee beans (RM32). That's a lot of money saved!"
2. Taking advantage of free fitness classes
Terence, 25, a customer service representative for a hardware company was spending money unnecessarily on food. "I decided I wanted to live a healthier lifestyle but I didn't know how. I saw a free fitness class in a gym one day and joined it. As my job requires me to travel, I could have the flexibility to try out different fitness centres which offers free classes while cutting down the amount of money spent on junk food which could go into a gym membership once I find one I really like".
3. Turning "saving money" into a hobby
Ronn, 30, works as an advertiser. "I had a hard time grasping with the issue of saving money as I looked at it as a chore. I turned that into a hobby by making sure I stash every crisp, new note into a box because I like the feel of it. Soon, in just a year, I have around RM7,000 worth of savings because of that little hack."
4. Looking out for coupon codes by transportation apps like MyTeksi and Uber
Alif is a 28-year-old expat in Malaysia. He doesn't have a car and depends on public transportation. "I look out for promotions and online coupons by searching the Internet. Apps such as Uber also has a referral programme where a new user gets credit. MyTeksi also sends texts and emails which gives huge discounts. I use this extensively to save whatever I can especially transportation costs take up a big chunk of my budget".
5. Getting the best phone plan
6. Withdrawing only what you need from the ATM
Samantha used to overspend on shopping trips. "It was going out of control lah! Finally I decided to do something about it by withdrawing a certain amount of money, and I will not overspend the amount. I made sure I left my ATM card at home so that I won't be tempted to withdraw more at the ATM".
7. Packing lunch once a week
Vanessa, 22, an executive in a social media company picked up the habit of packing lunch once a week when I noticed my food budget was out of control! "I was spending more than RM10 a day on lunch and it was getting hard to save for my trip. So I decided to stop spending more than I want to and started packing lunch from home. It's way cheaper too!"
8. Ditching cable television
Lee, 21, is a university student. "The place where I stayed at has a television with cable connected but none of us watch it. Nonetheless, we're still charged monthly until my housemates and I decided to cancel it. Instead, we subscribed to Netflix and Hulu where we paid a small monthly fee to enjoy movies and TV series, right on our laptops".