It's not how much we earn, It's how much we spend!
We have kiasu tips how to control your expenses:
1. Never borrow to spend. Avoid a long term consumer debt.
2. Cash Only. Pay only with cash. If you have credit card, always remember to pay off the total balance. Credit Card is A powerful wealth tool if you strategize to use it.
3. Avoid Credit Cards and Credit Line that have interest rate above 6% per month.
4. Plan to reduce your outstanding loans. Put aside minimum 10% of your monthly income and invest it.
5. Track every single cent you spent. Although it is tedious work, but it is necessary if we want to control our spending.
6. Always buy with discount coupon. Find a good deal to buy something.
7. Procastinate when you want to buy something. Buy it when you really need it.
Do you have another idea to control expenses ?
Share with us. Send email to ikiasu(at)gmail.com