It’s the beginning of a new year, in which many ‘New Year Resolutions’ have been set. It could be getting fit or saving money! Well, if the latter was on your list, this article is right for you, if not, then maybe it's a sign. 

1. Save 10 cents extra every day

Save 10 cents extra every day throughout the 365 days of 2021. Little do you know, you'd end up saving RM6679.50! To make things easier, attached below will be a list of the amount to be saved each day, cross them out day by day to keep yourself motivated to keep going.

2. Save BIG notes and use SMALL notes

Be it whether it's your salary or monthly allowance, save up the big notes, ( best to put it in places where you'd barely reach for, best if you'd forget about it so that you won't be tempted ) and only use small change. This way, your expenses are kept to a minimum, and you'll be able to save much more than intended.

3. Use the 20, 30, 50 method

With the income you receive, 50% goes to spending on your needs: groceries, car payment, rent, etc. 30% goes to your wants: shopping, movies, and more. Lastly, the remaining 20% goes to your savings. Also, if you note down your expenses, you’d be able to keep track on your spending and will be able to plan your finances more wisely.

Putting a sum of money aside each month as savings is a good habit to adopt. Though it may not be much, but as it accumulates, figures will grow, and slowly but surely, you would be able to not only have money kept for emergency usage but also able to achieve your financial goals! So what are you waiting? Start saving now!