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Friday, April 30, 2010

Setting A Home Office at Lower Cost

If you are planning to setup a home office, getting network storage would be a good idea for everyone to share files and folders. Why do we buy network storage instead of upgrading the server? Network storage can increase the network storage capacity without additional cost of buying another server, which would cost about 5 to 10 times more. A home office with low-end server and network storage will be more than sufficient to keep the business operating.

Friday, April 16, 2010

Monthly Spending Guidelines

People will always ask whether there is any monthly spending guidelines so that they can tailor their budget according to the guidelines. In fact, there is no such thing as perfect monthly spending guidelines as every one will have different priorities and each time will have different priorities as well. Monthly spending guidelines also change according to the financial goal that one has set every year.

Nevertheless, I come out with my own budget which was based on the following spending guideline and it's been about four years and the guideline still stands true. One thing for sure, as I'm still single, thus my commitment towards household (in Housing category) will be less but at the same time, my commitment towards servicing my car loan will be higher. I make it a point to save at least 9% of my income and make sure I do not skip meals. I do tweak my budget on and off, but that is if I have extra income coming in from my investment.

Housing 16.00
Transportation 23.90
Food 10.80
Insurance and EPF 12.00
Tithes 10.00
Entertainment 2.00
Apparel products and services 4.30
Health care 2.00
Misc 2.00
Personal care products and services 1.00
Education 7.00
Savings 9.00