Staying Within the Budget

Posted by: andrew william, 13-Aug-2008

Since the increase in the price of petrol and the cost of basic necessities going through the roof, it has helped a number of us to become conscious of our total monthly expenses.

There is hardly anything in the fridge now, except for some basic healthy necessaties

I was surprised to note that in particular, the rich have made drastic cost cutting measures compared to those earning average income. One of my rich friends said, “money wasn’t easy to earn then, and now having earned so much, it is a sin to waste it on unnecessary expenses with the price of things going up".

A simple but delicious meal at home, can save you a lot

I for one have totally cut on expenses such as eating outside, I have canceled my credit cards, Astro, wines, coffee, entertainments, fitness centre and unnecessary travels. You may say that’s drastic. Come to think of it, it hasn’t been difficult doing it at all; I enjoy making my own meals at home, and have adjusted to a more careful but comfortable life.

I have noticed that I can save quite a bit now, considering the way the economy is going, it is better to start saving for the rainy day.