I did a budget review yesterday. Results not good. In deficit after savings. Haiizz. How to start off my investing liddat. Need to tighten the belt now. And best-source for my purchases.
Anyways, back to the the budgeting. Next step is to list out all your expenses. All your monthly bills, transport, makan, subscriptions, insurance & $$$ for your love ones; all the monthly expenses. For those with monthly loans for housing after cpf deduction, do include them. If you don't have an exact amount, have a habit to keep track of your expenses. I use a mobile app for this. U can use an excel sheet which you must key in at the end of the day or a small notebook which you can write down. Personally, a mobile app is the easiest. Since February, I have been keeping track of all my expenses. :D Now just need to maintain it.
That's all for expenses. This I think this is the tough part. The rest onwards should be easy.
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