25 ways to improve your Finances in 2015

This article one must read:


http://money.usnews.com/money/personal-finance/articles/2014/12/31/25-ways-to-improve-your-finances-in-2015

I list down the 25 ways:

1. Protect your phone.

My phone bill only averagely RM 10 per months.

2. Use apps wisely.

I didn't buy any apps.

3. Launch a side business.

This one is still not MOVING, Tuition center in future???

4. Join a credit union.

RINGGIT Plus and SAVEMONEY is a very good FINANCIAL knowledge website to start from.

5. Think about your future self.

PHD and HEALTH ( EXERCISE??)

6. Cultivate patience.

My two children really teach me a lot of force me to CULTIVATE patience.

7. Help others with their money.

Through my blog, I do hope to help other.

8. Save more money.

You must earn more in order to save more. Or identify financial leakage. So far, I do save about 30% of my salary.

9. Calculate your retirement number.

My number is 2.8 million at 55 years old. More: http://ck5354.blogspot.com/2014/12/retirement-calculator-oh-retirement.html

You need to know your number in order to work on it.

10. Protect your children’s privacy.

I seldom post my daughter and son photo on facebook.

11. Trim your tax bill.

Invest in computer (RM 3K)

SSPN ( RM 6K)

PRS (RM 3K)

BOOKs ( RM 1K)

EDUCATION INSURANCE ( RM 3K)

12. Avoid common tax mistakes.

Refer 11.

13. Reduce your energy costs.

My electricity bill averagely RM 70 per month, my water bill is below 20 meter cubic, so is free, sponsored by SELANGOR government.

14. Avoid buyer’s remorse.

I dislike buying LUXURY item, my smart phone cost me less than RM 500.

15. Get smart about credit cards.

I am using Maybank 2 card which offer me 5% discount on weekend and free for life.

16. Share money decisions with your partner.

This one difficult to do because my wife not interested in it.

17. Make your paycheck more meaningful.

Currently I am happy with my half retirement lecturing job.

18. Trim your monthly costs.

My monthly cost is quite low because I embrace FRUGALITY.

19. Check your credit score.

My score should have some mistake because MY HSBC credit card application get rejected without any reason.

20. Light an abundance candle.

Writing and updating my BLOG will be my abundance candle.

21. Spend less on your kids.

All my clothes I get from my colleague, even TOY. I mainly buy DIAPERs (PET PET or DRYPER no mamy poko) and MILK powder for them.

22. Boost your financial literacy.

I think my score on this is 9 out of 10.

23. Buy life insurance.

I have enough of life insurance.

24. Go on cheaper dates.

Seldom date my wife due to busy taking care of children.

25. Embrace frugality.

I am practicing FRUGALITY. Recently bought TWO T-SHIRT.

Original price RM 29.90, discount 70%, RM 8.70. 90% my item is 70% discount.
Friso Gold 900 g STEP 4 milk powder - RM 55.60, discount RM 44.90.

Aik Cheong Coffee RM 4.80 for 20 packets, about 40 cents per packet (assume RM 5)

RM 21.00 for 100 packets if buy bigger volume, so about 20 cents per packet.

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