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Vincent Lee
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1 year ago
in How inflation affects your life? on Personal Finance Money Tips
With the boom of inflation and every item price is increased, those low income earners are really in doubt. Fyi, rice in Sabah has hike about 100% (RM48 per 10kgs) without pity from government, petrol hiked RM0.799 instead of RM0.78 compare to West M'sia, raw pork and chicken prices are hiked dramatically, restaurant can adjust the coffee price at their own, a milo ping can cost me up to RM2.50 in one of the non-aircon coffee shop in KK, the pay in Sabah is also a lot lower here. The low income earners in Sabah are struggling seriously, until SAPP party and Yong Teck Li came out to say something.
To fight the inflation and expensive petrol price, apart from earning more and investment, the easiest alternative and 0% risk is to save. I do savings regularly, but apparently we need to save efficiently instead of save what we able to. After I did thorough study and experienced them, I have written 3 posts on my blog to counter the expensive petrol price, http://ekimkee.blogspot.com/2008/06/18-tips-on-... and how to cut down our electricity bill, http://ekimkee.blogspot.com/2008/06/how-to-cut-... a well as how to save on your existing bills, http://ekimkee.blogspot.com/2008/06/what-bill-t.... I hope it is useful for all Malaysians especially those are heavy spending in petrol and electricity.
After the petrol price has significant hiked on early of last month, I starting to bring breakfast & lunch box to work, cut down tea time during office hours, going office/home late to avoid traffic jam, have dinner at home instead of enjoy outside, reduce suppers before sleep, going out for drinking session only at Friday or weekend evening, settle bills and entertainment online, text/voice chat with friends via messenger instead of call, record my daily expenses so I can keep track my daily spending.
To further minimize the impact of the inflation, I also do start blogging for side income, do some part time PC servicing/support for friends & relatives, invest into unit trusts, and open fixed deposit account for temporary money.
To fight the inflation and expensive petrol price, apart from earning more and investment, the easiest alternative and 0% risk is to save. I do savings regularly, but apparently we need to save efficiently instead of save what we able to. After I did thorough study and experienced them, I have written 3 posts on my blog to counter the expensive petrol price, http://ekimkee.blogspot.com/2008/06/18-tips-on-... and how to cut down our electricity bill, http://ekimkee.blogspot.com/2008/06/how-to-cut-... a well as how to save on your existing bills, http://ekimkee.blogspot.com/2008/06/what-bill-t.... I hope it is useful for all Malaysians especially those are heavy spending in petrol and electricity.
After the petrol price has significant hiked on early of last month, I starting to bring breakfast & lunch box to work, cut down tea time during office hours, going office/home late to avoid traffic jam, have dinner at home instead of enjoy outside, reduce suppers before sleep, going out for drinking session only at Friday or weekend evening, settle bills and entertainment online, text/voice chat with friends via messenger instead of call, record my daily expenses so I can keep track my daily spending.
To further minimize the impact of the inflation, I also do start blogging for side income, do some part time PC servicing/support for friends & relatives, invest into unit trusts, and open fixed deposit account for temporary money.
1 reply
KCLau
wow .. life is a lot tougher at Kota Kinabalu.
