With the price of fuel going up and up, and prices of goods to follow the same trend, we may have to look at how we can manage our expenses. There are many ways we can save costs and improve our life style.
1. Employers should take the lead to encourage cost savings. Encourage working from home – with the current internet technology; many types of work can be done at home. Allow employees to work from home one or two days each week, thus saving on travelling cost. Implement flexi-hours to allow employees to travel at non-peak hours. Smooth driving save fuel and cost. Accelerating and braking in heavy traffic waste fuel and brake pads as well as unproductive.
2. Government and city councils should ban heavy vehicles on all roads during peak hours. These vehicles block roads and cause heavy fuel consumption on other vehicles.
3. Cutting down on number of meals and quantity consumed. Many Malaysians (even children) are suffering from obesity problem due to over eating. Taking heavy meals is unhealthy and our digestive system has to work extra hard causing us to feel sleepy and unproductive at work. We are eating more than what we need to keep healthy.
4. Eat out less or bring home cooked lunch to work. You will definitely get better nutrition at lower cost. If you think that hawkers and restaurants are taking opportunity on price hike to increase their profits, this is the best way to boycott them. Instead of nasi kandar or fried koay teow, how about an apple or banana for lunch and drink lots of plain warm water?
5. Cut down on unhealthy entertainment, for example. smoking, drinking, visiting pubs, etc. Visits to high end cafés should also be kept at minimum.
6. Have pot luck gatherings with friends instead, and cherish genuine friendship at family homes.
1. Employers should take the lead to encourage cost savings. Encourage working from home – with the current internet technology; many types of work can be done at home. Allow employees to work from home one or two days each week, thus saving on travelling cost. Implement flexi-hours to allow employees to travel at non-peak hours. Smooth driving save fuel and cost. Accelerating and braking in heavy traffic waste fuel and brake pads as well as unproductive.
2. Government and city councils should ban heavy vehicles on all roads during peak hours. These vehicles block roads and cause heavy fuel consumption on other vehicles.
3. Cutting down on number of meals and quantity consumed. Many Malaysians (even children) are suffering from obesity problem due to over eating. Taking heavy meals is unhealthy and our digestive system has to work extra hard causing us to feel sleepy and unproductive at work. We are eating more than what we need to keep healthy.
4. Eat out less or bring home cooked lunch to work. You will definitely get better nutrition at lower cost. If you think that hawkers and restaurants are taking opportunity on price hike to increase their profits, this is the best way to boycott them. Instead of nasi kandar or fried koay teow, how about an apple or banana for lunch and drink lots of plain warm water?
5. Cut down on unhealthy entertainment, for example. smoking, drinking, visiting pubs, etc. Visits to high end cafés should also be kept at minimum.
6. Have pot luck gatherings with friends instead, and cherish genuine friendship at family homes.
7. Take up new cheap/free entertainment that the whole family can enjoy, such as walk in parks/stroll along beaches, cycling or even hiking. Enjoy good exercise with nature and create a totally new healthy life style. Your family can truly enjoy better relationship and appreciate each other.
8. Avoid the wasteful "kenduri culture". It is unfortunate that some of our friends and relatives like to have grand kenduri weddings or whatever celebrations to outdo one another, and then send invitations(saman) to others to collect angpows(sponsor) their wasteful extravagance. Make it known to everybody that you are not part of this obsolete culture – times have changed.
9. Say NO to house renovation and buying new cars/expensive household items if possible. If it can still work with minimum maintenance, there is not a good reason to replace. Otherwise, these items will definitely burn a big hole in your wallet.
10. Expect higher crime rates when people are getting desperate – so please take all necessary precautions to cut/avoid losses. Criminals are like wolves; they prefer easier and attractive preys. Openly displaying wealth is not advisable. Some ladies even carry sticks or walk in groups with fierce dogs to discourage criminals.
11. Take shorter & cheaper local holidays, only if you must have it. Avoid holidays or peak periods to get better bargain.
12. Lastly, do not spend beyond your means. Credit cards are very expensive credit facilities. They are meant for emergencies only; if you do not carry much hard cash in hand. They are not meant for mid or long term borrowings. The compounded monthly interest is very high. Always ensure that you have sufficient cash to pay-off your credit card expenses each month.
By taking the above measures, an average person should have an improved cash balance than even before the fuel price increase.
8. Avoid the wasteful "kenduri culture". It is unfortunate that some of our friends and relatives like to have grand kenduri weddings or whatever celebrations to outdo one another, and then send invitations(saman) to others to collect angpows(sponsor) their wasteful extravagance. Make it known to everybody that you are not part of this obsolete culture – times have changed.
9. Say NO to house renovation and buying new cars/expensive household items if possible. If it can still work with minimum maintenance, there is not a good reason to replace. Otherwise, these items will definitely burn a big hole in your wallet.
10. Expect higher crime rates when people are getting desperate – so please take all necessary precautions to cut/avoid losses. Criminals are like wolves; they prefer easier and attractive preys. Openly displaying wealth is not advisable. Some ladies even carry sticks or walk in groups with fierce dogs to discourage criminals.
11. Take shorter & cheaper local holidays, only if you must have it. Avoid holidays or peak periods to get better bargain.
12. Lastly, do not spend beyond your means. Credit cards are very expensive credit facilities. They are meant for emergencies only; if you do not carry much hard cash in hand. They are not meant for mid or long term borrowings. The compounded monthly interest is very high. Always ensure that you have sufficient cash to pay-off your credit card expenses each month.
By taking the above measures, an average person should have an improved cash balance than even before the fuel price increase.
2 comments:
Thanks for stopping back by to see some wedding pics. And yes I'm so very proud of my girl and her guy.
I love all the above ideas you have posted! We would all benefit from trying these! :)
hi lisa, thanks for coming here too :-)
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