Tag Archives: inflation

What does money mean for you?

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Nowadays we all are meeting at a bad point with financial crisis.Inflation on goods and depreciation on notes brings us to a dark hole.We are really lack of money.

 MoNeY...

What does money mean for you?I know somebody always like to sleep on a bed fully packing with paper notes.Well,not me.I don’t want to be so greedy as money for me is only a tool to loosen my life towards freedom.How about you?

Petrol and Electricity bill go up

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Petrol and Diesel retail price are raised yesterday.That is a sharp increment of 41% in Petrol which has been a heavy expense in Malaysian’s life.As Petrol is invovled a lot of industries,therefore we can imagine that in the coming days and months,more and more goods and services will increase their prices and the pressure from inflation will be horrible even if the government always says that the inflation is controllable under 3-5%,which we all feel that is not true as our incremental expenses are much greater than that percentage.

In fact,under such a worse situation I rarely heard that one company increased employee salaries or allowances in order to help their employees agaist the inflation.I think in a mature society(country),a company,being a part of the community at large,should take their social responsibility as a role of the corporation.Most Asian companies don’t know it or recognize it and even some European or American companies are not working well on that matter.

When will the Asian companies know it and run it?A Question.

Manage your financial life

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With the high inflation rate of these years,prices of many items arise.Therefore we always feel that we have less and less available funds left at the end of the month.And sometimes we have to spend a lot of money to buy property to live or buy a car for transportation.After buying those luxury goods,most of us have to take a large amount of debts.So to control individual debts is very important.If you ignore it,surely you’ll meet your financial problems soon and may cause your bankruptcy.

There are many ways to avoid these kinds of poor things happened:

  1. To make your planning for your monthly expenses.For example,your monthly fix expenses will be $1500 including all installments for your real estate and car.Your monthly living expenses will be $500 on average for dining,clothing and tariff etc. which should be quite variable,of course.So the basic expenses will be around $2000 per month.
  2. To calculate your income and make the budget.Depending on different types of working,the type of income will be distinct.Like some people is doing some normal office job,their income will be no surprises every month.If some people is selling/promoting products,they will much more depend on commissions which certainly are fluctuant.For people who earn fix income,making sure that your income is over your total expenses which you planned in Step 1 and you’d better to have some extra funds to be your savings.Once more you need to confirm how steady your job is.(Upon the example,you must have more than $2200 monthly-Budgeting 10% more on expenses for emergency use.)If the working situation is not so good,you may need to save more funds(which is reaching 3-6 month expenses in a long term) in order to face the bad time.For variable income people,you need to more serious to make your budget.Using the lower monthly income to be your standard(budget) income will be the best choice.Remember,savings is the only way to help you go over bad time.
  3. If your current income can’t be over your expenses,you have to cut some of living expenses.Like saving more on electricity and water,buying less clothing or accessories and more time staying at home(It will cut the chances to spend money on shopping.)On the another hand,trying to find a job which can provide you a higher pay.

After all points which I noticed,what I need to say is debts are not a nightmare.But you should spend some time to plan on it and clearly let yourself know what is your financial situation now and to do some positive actions so that standing away of bankruptcy.Do you know what you’re doing today decides your tomorrow?To be smart guys…