Most of us spent the whole month of April at home due to MCO and I believe many see a significant reduction in their daily expenses. Unless… online shopping. That sucker.
I’ve managed to save RM8,101.00 for my emergency fund in 4 months, say whaaat? Here are some practical ways that work, and also some ways that I’ve tried but just didn’t work for me.
This is my financial plan to deal with the ongoing COVID-19 pandemic and the bleak prospect of a global recession. Survival mode is on!
Putting aside the worrying pandemic, our present of being stuck at home and the uncertainty of our future; it’s actually a pretty uneventful month for me in terms of my no buy year journey. I’m on a default mode now – everything goes into my savings.
This whole post only has one point – we’re currently staying at home to break the coronavirus chain but perhaps after this is all over, it is time for us to break the vicious chain and cycle of living paycheck to paycheck.
It’s Monday. I woke up feeling pumped up to tackle the week. No negative thought whatsoever, positivity all over my body. This week is my time to shine! I’ve had enough trial weeks already this year. Until a colleague whispered to me. “Psst hey, have you done grocery shopping already?”.
It has been a great month! As in I wasn’t tempted that bad to buy things. Instead I found my perspective changed. My financial motivation improved.
I’m on my first month of a no buy year! And I almost failed. Few times. There are so many temptations. Haaa another 11 months to go, help!
I remember crying in the public when my partner said “Just save your money lah!” as he didn’t understand how did I not have any savings despite the fact that I’m earning more than him. I didn’t actually blame him for that, I was questioning myself as well. Still, I was sobbing so hard…
So I knew when I reviewed my 2019 spending that I have to take control of my financial life. I barely have savings and yet going through my spending, I realised I’ve made many unnecessary purchases that came from pure impulse buying. This has to change. So here I am, embarking on a full NO BUY YEAR journey!