Saturday 29 October 2011

The First

  After 1 year learning in investments and financial planning, I have decided to have my own financial diary in order to record what I have done and any mistake that I have made.

   Usually I spend about RM12 per day for my meals as I do not think that save money by reducing budget in meals is a rational way after all. Heath is the most priceless wealth in the world, you can do nothing without a healthy body. Food is the source of energy like an enterprise needs money to finance its operation. By the way, RM12 is not a fixed amount and I may spend more or less than this amount.

   Printing fees is inevitable. Notes and Tutorial questions are needed for my study. Nevertheless, i try not to spend more than RM 12 per day. I want to achieve 20% of my income (from my parents) are saved for my future investments. I got RM600 from my parents for every month. Rental will be RM160 something, RM 12 per day spending, with the total of RM360-RM400. Not much I can left, RM 40-RM 80 is the maximum saving.

  The overspending in this month has caused me no saving. My PC was repaired because of hardisk problem and it is costed RM 245!! Half of my income had lost~~furthermore the printing fees~~

    Now I have left RM275.11 in my account, RM 99.95 for my current asset (cash).
     Assets Amount (RM) Cash 99.95 Bank 275.11 Saving 1688 Receivable 400 Total 2463.06