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Monday, June 9, 2008

Changing Lifestyle

The recent hike in petrol price put me in a difficult situation. First, I need to top up additional RM30-60 monthly for petrol. Then to be on the safe side, I should increase my food expenses to about RM20-30 also. That comes to about RM100 in total. Then it comes to my mind that if I were to change my lifestyle, will my previous financial goal or target achievable? Well, yes and no. Yes in the sense that if I totally change my lifestyle to no entertainment, no yum char session, no this and no that, then I have 90% confident that my current budget still ok. No, if and only if my forecast is not so good, meaning everything will increase exponentially. Nevertheless, the decision is for me to change my lifestyle so that every thing that I planned out early this year will remain status quo. At the same time, will try to see whether I can get additional income from other source.

A lot of us have complaining since petrol price hike. But, my suggestion still is to change our lifestyle before further increase. By changing our lifestyle gradually, we can in fact adapt to situation. Do not let the situation deter us from achieving our target. Below is the list of things that I can think of to cope with the current situation:-
  • Buy in bulk - if you do not need to use so much, share with others. By buying in bulk, you can get at lower price and at the same time not everyone need to go groceries with you.
  • Reduce the entertainment or yum char spending- I mention here reduce, not totally no. Why? Because "all works and no play makes Jack a dull boy". And some entertainment need not use money like jogging around the housing area, company teambuilding etc. Who knows, socializing might earn you extra income, especially if you are in the sales/marketing field. LOL!
  • Drive at a constant speed - this I believe was mention here and there, so I think no need to further elaborate.
  • Eat in pantry or cafe - drive less, eventually will save more.
Well, that's all I could think of at the moment. If I can think of anymore, I will post it. So, stay tune. :)

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