Simple Easy Finance

When it comes to saving our hard-earned money, follow this rule: save as much as you can. While supporting the art, music and the amazing local organic vegetable scenes are legit, other than spending on those essential items - for happiness - try your best to conserve the rest. Saving a percentage of your salary may allow you to build your wealth consistently, and while the capability of saving differs from one to another, here is a guide of how much percentage you should save each month according to your financial situation. 1. The 50-30-20 rule Depending on which side of the rule you want to take, the minimum percentage of salary that you should save is 20%, and then gradually work towards saving at least 50% of your salary. The best is to spend only what's necessary and save the rest, but having a number as a goal will set the tone for a good start towards sound personal financial management in the long-term. 2. Start with 20% If saving is not your forte, start st...

Let's admit it: Saving money is not the easiest or most fun thing to do, well at least not for most people. There's so many things to try out, to experience and to buy, like supporting the latest product your aunty's selling, or just succumbing to the whim of your partner that he or she has been trying to talk you into lately. And with bills from last year's wedding! What can be saved, really? Although it sounds insurmountable to most, there are people who have done this steadily. Here are 5 steps you can take to save $100k (in your local currency) by 30 years old. 1. Spend on what you need, and save the rest  The rule of saving a percentage of your take-home salary, say 20%, is a good start. But to really achieve an amount significant as $100,000, you need to do the opposite: spend on only what you need, and save up the rest. Yes, every ringgit or dollar that remains. It is okay to spend on big items once in a while - as they are needed - but the discipline is...